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Agreement for <br />Real Property <br />for 602 -604 E <br />June 19, 2006 <br />Page 2 <br />Acquisition of <br />and Escrow Instructions <br />Sixth and 511 -517 Minter <br />The subject parcel, shown on Exhibit 1, encompasses 6,250 square feet of <br />land and contains a 1,482 square foot duplex and a 1,900 square foot 4- <br />unit multi - family building. Development of this property will be in <br />compliance with the Agency's replacement and inclusionary housing <br />obligations and will be designed in a manner that will enhance the <br />surrounding neighborhood. The ultimate affordability and development of <br />this property has not yet been 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 />�tephen Harding <br />0 <br />Executi Director <br />SGH /SLB /mlr <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />eFrancisco Gutierrez FO <br />Executive Director <br />Finance & Management Services Agency <br />H: \ACTIONS \2006 CRA \AgreeAcq 602- 604ESixthand 511- 517Minter 6- 19- 06.doc <br />3.A. -2 <br />