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Agreement for Acquisition of <br />Real Property and Escrow Instructions <br />for 710 East Sixth Street <br />October 17, 2005 <br />Page 2 <br />The subject property, shown on Exhibit 1, encompasses 6,250 square feet <br />of land and contains one single - family residence totaling 1,366 square <br />feet in size. Development of this property will be in compliance with <br />the Agency's replacement and inclusionary housing obligations and will be <br />designed in a manner that will enhance the surrounding neighborhood. The <br />ultimate affordability and development of this property has not yet been <br />fully determined. <br />FISCAL IMPACT <br />Funds are available in the Housing Set -Aside Fund, Santa Ana Boulevard <br />Development Plan account (account no. 507 - 936 -6611, project no. 7095). <br />Executive Director <br />PCW /JLQ /mlr <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />y]Lb1 \]lam � Y/ 1 <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Servics Agency <br />H: \ACTIONS \2005 CRA\ AgreeAcgRealPropandEscrowInstruc 710 East St 10- 17- 05.doc <br />5 -6 <br />