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REQUEST FOR COUNCIL/ <br />AGENCY ACTION <br />MEETING DATE: <br />NOVEN~ER 17, 2008 <br />TITLE: <br />PUBLIC HEARING - DISPOSITION AND <br />DEVELOPMENT AGREEMENT WITH OLSON <br />URBAN HOUSING LLC <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1st Reading <br />^ Ordinance on 2nd Reading <br />^ Implementing Resolution <br />^ Set Public Hesiring For <br />CONTINUED TO <br />--~ n <br />1 <br />/~~ __ __ FILE NUMBER <br />CITY MANAGER EXECUTIV DIRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL ACTION <br />1. Direct the City Attorney to prepare and authorize the City Manager and <br />the Clerk of the Council to execute a purchase agreement with the <br />Redevelopment Agency for the sale of real property located at 719-812 <br />N. Concord for its appraised value plus normal escrow and closing <br />costs. <br />2. Adopt a resolution regarding the sale of 2034 N. Bush, 2038 N. Bush, <br />corner of N. Spurgeon and E. 22nd, 1314 Eastwood, 719 N. Concord, 812 <br />N. Concord, 542 E. Central, 1029 McLean, 4010 & 4018 W. McFadden, 4106 <br />W. McFadden, 4110 W. McFadden, 4809 W. Edinger to Olson Urban Housing <br />LLC for the development of twenty affordable, single-family homes. <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br />1. Authorize the Executive Director to execute a purchase agreement with <br />the City of Santa Ana for the acquisition of real property located at <br />719-812 N. Concord for its appraised value plus normal escrow and <br />closing costs. <br />2. Adopt a resolution approving a Disposition and Development Agreement <br />between the Community Redevelopment Agency and Olson Urban Housing LLC <br />for the development of twenty affordable, single-family homes at 2034 <br />N. Bush, 2038 N. Bush, corner of N. Spurgeon and E. 22nd, 1314 <br />80A-1 <br />