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<br />MEETING DATE: <br /> <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />REQUEST FOR COUNCIL! <br />AGENCY ACTION <br /> <br />MAY 7, 2007 <br /> <br />TITLE: <br /> <br />APPROVED <br />o As Recommended <br />o As Amended <br />D Ordinance on 1st Reading <br />o Ordinance on 2nd Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />PUBLIC HEARING - SALE OF AGENCY OWNED <br />PROPERTY LOCATED AT 612, 614, 622, 714 E. <br />SANTA ANA BLVD. AND 217, 219 S. BIRCH <br />STREET <br /> <br />d" <br /> <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />C TY MANAGER <br /> <br />RECOMMENDED ACTION <br /> <br />CITY COUNCIL <br /> <br />1. Approve an appropriation adjustment repaying a loan from the <br />General Fund and transferring the same to the Capital Outlay Fund, <br />and recognizing the proceeds from the sale of properties and <br />appropriating the same into the Merged Housing Set Aside Fund. <br /> <br />2. Adopt a resolution making certain findings with respect to the <br />consideration to be received by the Community Redevelopment Agency <br />pursuant to a Purchase and Sale Agreement between the Agency and <br />the City for the sale of certain properties located at 612, 614, <br />622, 714 E. Santa Ana Blvd. and 217, 219 S. Birch Street and <br />authorizing the Deputy City Manager for Development Services to <br />execute all required documents. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY <br /> <br />1. Authorize a $1,570,000 loan repayment from the Merged Project Areas <br />Capital Improvements account to the General Fund. <br /> <br />2. Adopt a resolution authorizing the sale of Agency-owned property <br />located at 612, 614, 622, 714 E. Santa Ana Blvd. and 217, 219 S. <br />Birch Street and authorizing the Executive Director to execute all <br />required documents. <br /> <br />80A-1 <br />