Laserfiche WebLink
<br />REQUEST FOR <br />COUNCIL/AGENCY <br />ACTION <br />MEETING DATE: <br /> <br />~ <br />~ <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />JANUARY 3, 2006 <br /> <br />TITLE: <br /> <br />APPROVED <br />o As Recommended <br />o As Amended <br />o Ordinance on 1 st Reading <br />o Ordinance on 2nd Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />LOAN AGREEMENTS WITH ROSS & <br />DURANT, L.P. AND AUTHORIZATION OF <br />RELOCATION PLANS <br /> <br />~J&!;L <br /> <br />CITY MANAGER <br /> <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />EXECUTIVE DIRECTOR <br /> <br />RECOMMENDED ACTION <br /> <br />CITY COUNCIL ACTION <br /> <br />1. Direct the City Attorney to prepare a loan agreement with Ross & <br />Durant, L.P. for the acquisition of a 30 unit multi-family property <br />located at 1501 N. Ross Street in an amount not to exceed $1,400,000 <br />and authori ze the Executive Director of the Community Development <br />Agency or designee to execute all required documents. <br /> <br />2. Adopt a resolution approving the Relocation Plan for residential <br />property located at 1501 N. Ross Street. <br /> <br />3. Direct the City Attorney to prepare a loan agreement with Ross & <br />Durant, L.P. for the acquisition of a 35 unit multi-family property <br />located at 1411 N. Durant Street in an amount not to exceed <br />$1, 600,000 and authori ze the Executive Director of the Community <br />Development Agency or designee to execute all required documents. <br /> <br />4. Adopt a resolution approving the Relocation Plan for residential <br />property located at 1411 N. Durant Street. <br /> <br />80A-1 <br />