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<br />. <br /> <br />In response to the Chairman's request, Mrs. Susan Moeller, <br />Project Area Manager, pointed out that on October 17,1984, <br />the Redevelopment Agency granted Civic Center Barrio Housing <br />Corporation a 90-day exclusive right to negotiate for <br />development of the Jackson Park site, and that the <br />development calls for the construction of seven owner-built <br />units on the half-acre site. She added that the townhomes <br />will be three bedroom, two bath units consisting of <br />approximately 1,250 square feet of living space, with <br />attached single car garages and patio or sun deck areas. <br />She stated that, under the owner-built concept, each of the <br />families selected as buyers is required to work 40 hours per <br />week under the supervision of the Civic Center Barrio <br />Housing Corporation staff. She added that each family <br />contributes about $13,000 of "sweat" equity enabling them to <br />get about a 14% overall savings or reduced price and more <br />affordable monthly payments. She summarized the Agency <br />costs associated with this project as follows: <br /> <br />. <br /> <br />Estimated Acquisiton Costs <br />Estimated Relocation Costs <br />Estimated Demolition Costs <br /> <br />TOTAL ACTUAL COSTS <br />Less Development Land Sale Proceeds <br /> <br />NET AGENCY COST <br /> <br />$76,000 <br />0 <br />0 <br /> <br />$76,000 <br />$30,000 <br /> <br />~46,000 <br /> <br />The project Area Manager added that the $30,000 will be paid <br />to the City upon close of escrow and that the remaining <br />$46,000 will be debt against the Agency to be repaid with <br />interest from future tax increment. <br /> <br />The Chairman then asked if anyone from the public wished to <br />speak. No one spoke for or against the proposed sale. <br /> <br />It was then moved by Mrs. McGuigan, seconded by Mr. Young <br />and carried unaniomously that the Agency: <br /> <br />1. <br /> <br />Adopt Resolution No. 85-10: A RESOLUTION OF THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA APPROVING AN AGREEMENT BETWEEN THE <br />AGENCY AND CIVIC CENTER BARRIO HOUSING <br />CORPORATION. <br /> <br />. <br /> <br />2. <br /> <br />Approve the conceptual development plans proposed <br />by Civic Center Barrio Housing Corporation for the <br />Jackson Park Site. <br /> <br />3. <br /> <br />Approve the project budget and authorize its <br />implementation by the Redevelopment Commission. <br /> <br />-2- <br />