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REQUESTFOR <br />COUNCIL /AGENCY <br />ACTION <br />MEETING DATE: <br />JANUARY 3, 2006 <br />TITLE: <br />LOAN AGREEMENTS WITH ROSS & <br />DURANT, L.P. AND AUTHORIZATION OF <br />RELOCATION PLANS <br />�cahon 7st <br />CLERK OF COUNCIL USE ONLYa <br />CITY MANAGER EXECUTIVE DIRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL ACTION <br />APPROVED <br />❑ <br />As Recommended <br />❑ <br />As Amended <br />❑ <br />Ordinance on 1st Reading <br />❑ <br />Ordinance on 2nd Reading <br />❑ <br />Implementing Resolution <br />❑ <br />Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Direct the City Attorney to prepare a loan agreement with .Ross &- <br />Durant, L.P. for the acquisition of a 30 unit multi - family property <br />located at 1501 N. Ross Street in an amount not to exceed $1,400,000 <br />and authorize the Executive Director of the Community Development <br />Agency or designee to execute all required documents. <br />" yoa°;I I <br />2;. .Adopt a resolution approving the Relocation Plan for residential <br />property located at 1.501 N. Ross Street. <br />3, Direct the City Attorney to prepare a loan agreement with Ross & . <br />Durant, L.P. for the acquisition of a 35 unit multi - family property. <br />located at 1411 N. Durant Street in an amount not to exceed <br />$1,600,000 and authorize the Executive Director of the Community <br />.Development Agency or designee to execute all required documents.- <br />4. iAdopt a resolution approving the Relocation Plan for residential <br />y' property located at 1411 N. Durant Street. <br />7 -31 <br />