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25O - LOAN AGMTS ORANGE HOUSING
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12/20/2004
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25O - LOAN AGMTS ORANGE HOUSING
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Last modified
1/3/2012 4:59:54 PM
Creation date
12/14/2004 4:46:24 PM
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City Clerk
Doc Type
Agenda Packet
Item #
25O
Date
12/20/2004
Destruction Year
2009
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<br />1':"'''<'l/li''l/ 1'/01/ (",. till' (J/fne ,\li/1/1il' SII'I'cf I'm/I'd <br /> <br />The Developer's reconfiguration plan will alter the present five one-bedroom design per <br />floor in the existing two-story buildings to create two floors, each consisting of a four unit <br />mix of two one-bedroom apartments, one two-bedroom apartment and one three-bedroom <br />apartment. The number of rentable units in the Project will total 32 after the reconfiguration. <br />The Developer is prepared to rehouse most of the households, whose units will be lost <br />because of the creation of larger apartments, within the vacant units of current or previously <br />rehabilitated Project. As of October 2004 the combined number of vacant units is eight. <br />That provides adequate housing for all lost units on-site and there is no need for any <br />households to be displaced off-site. <br /> <br />I'I'I'/'Ol'l't/ /"/ (h'IT/Ol/d, I',""i(l,' i~ (",,/ /,.,., 11/,'. <br /> <br />I'I/X" 4 <br /> <br />250-12 <br /> <br />
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