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Report far pausing Division <br />Proj~~ and Activities <br />July 7, BOOS <br />Page <br />Construction Process <br />During this phase, ~~f ~anitar the ontruatian work, ~proe <br />payments to contractors, and tracks expenditures to ensure they da not <br />exceed available funds . l~ultifa~mily projects often involve addit~.onal <br />issues such as compliance with prevailing wage ~`equix~ements and~or <br />Davis-Bacon. As of the end of Nay, there were a total of 199 units <br />underway. <br />Loin Portfolio Nlanag~m~r~t <br />The Dousing Di~ris~.on is respons~.ble for ensuring t1~e integrity of the <br />residential lawn portfolio. As of tuner the principal balance was <br />$5~,487r~81 million. This is comprised of 4~7 loans of wh~.ch ~8 were <br />deferred or residual receipts payment loans. The lawn portfolio has <br />generated 7,779 in repayments of prlnczpal and interest since the <br />beginning of the fiscal year. <br />=:: : ~v~~.op~en~ Projot~~fulti-~am~.l~ R~~,aiiitaticr~ <br />Rant Street Infill Site <br />The Ra~.tt Street Infill site consists of 1. ~8 acres. staff is currently <br />working w~.th Civic center Barrio dousing corporation and its architect <br />on des~.gn issues associated with the development of 11 courtyard style <br />apartments on the site. Approval of the conceptual site plan is <br />expected in June DOS with formal site plan review expected in <br />September, Appro~ral of ent~.tleents is planned far the winter of 2~~8 <br />with the can~encement of construction in the spring of ~0~9. Btaff <br />anticipates br~.nging a disposition and Development Agreement ~DDA~ to <br />the city Council and Redevelopment Agency in ~`eb~uary ~~D9, <br />1 ~ Q 0 B~.ock of N Logan <br />The Logan Infill project cons~.sts of three vaoant fats located at 1aa~, <br />1D1~, and 101 forth Logan Street. grange county Community Housing <br />corporation ~. currently finali2ing the construction budget associated <br />with the developr~ent of a new ~.ae on each of the parcels . each s~.te <br />has cleared the e~title~nent process and perr~~.ts have been issued. These <br />hoes will be sold to law-income families and be subject to a 4~~year <br />resale restriction. staff anticipates bringing a DDA to the <br />Redevelopment ,Agency far consideration in August ~~08. <br />1 <br />~`.' S <br />r <br />