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Agreement for Acquisition <br />of Real Property and Escrow <br />Instructions for 601 N. Lacy Street <br />January 3, 2005 <br />Page 2 <br />subject property is within the boundaries of the specific plan currently <br />being prepared for development of a new residential neighborhood in the <br />area bounded by French Street, Civic Center Drive, Santiago Street and <br />Third Street. <br />FISCAL IMPACT <br />Funds are available in the Housing Set -Aside fund, Santa Ana Boulevard <br />Development Plan account (account no. 504- 936 -6611, project no. 7095). <br />Patricia C. Whitaker <br />Executive Director <br />PCW /JL /mlr <br />H:Accions\2005CRAWgeeAcquiProp -Escrow for 601 N Lacy 1 -3 -05 <br />2 <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez r <br />Executive Director 7" <br />Finance & Management Services Agency <br />