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Recommended Action: <br />CITY COUNCIL <br />1. Approve an appropriation adjustment repaying a loan from the General <br />Fund and transferring the same to the Capital Outlay Fund, and <br />recognizing the proceeds from the sale of properties and appropriating <br />the same into the Merged Housing Set Aside Fund. <br />2. Authorize the City Manager to execute all required documents for the <br />acquisition of real property located at 626-628 E. Santa Ana Blvd., 809'/2 <br />E. Santa Ana Blvd., 630 N. Garfield St. and 604 N. Lacy St. from the <br />Santa Ana Community Redevelopment Agency for the amount of <br />$373,000 plus normal escrow closing costs. <br />3. Adopt a resolution making certain findings with respect to the <br />consideration to be received by the Community Redevelopment <br />Agency pursuant to a Purchase and Sale Agreement between the <br />Agency and the City for the sale of various properties: 626-628 E. Santa <br />Ana Blvd., 809'/2 E. Santa Ana Blvd., 630 N. Garfield St. and 604 N. Lacy <br />St. and authorizing the City Manager to execute all required <br />documents. <br />COMMUNITY REDEVELOPMENT AGENCY <br />1. Authorize a $373,000 loan repayment from the Merged Project Areas <br />Capital Improvements account to the General Fund. <br />2. Adopt a resolution authorizing the sale of Agency-owned property <br />located at 626-628 E. Santa Ana Blvd., 809'/2 E. Santa Ana Blvd., 630 N. <br />Garfield St. and 604 N. Lacy St. to the City of Santa Ana and <br />authorizing the Executive Director to execute all required documents. <br />7. JOINT PUBLIC HEARING - DISPOSITION AND DEVELOPMENT <br />AGREEMENT WITH ORANGE COUNTY COMMUNITY HOUSING <br />CORPORATION FOR 1006, 1012 AND 1015 LOGAN <br />Legal notice published in the Orange County Reporter on August 4 and 11, <br />2008. <br />Recommended Action approved by the Community Redevelopment and <br />Housing Commission on July 15, 2008, by a vote of 4:0 (Reyna, Villasenor <br />absent). <br />Recommended Action: <br />CITY COUNCIL <br />CRA AGENDA 5 August 18, 2008 <br />