120406 Acquisition N. French-E 10th St - Apprv Reloc Replac Hsg Plans

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Acquisition of 1002, 1002 '-�, 1004 North French Street, and 313, 313, 315, 317 East Tenth Street, and Approval of Relocation and Replacement Housing Plans December 4, 2006 Page 2 COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION CITY COUNCIL ACTION Recommend that the City Council adopt a resolution approving the Relocation Plan for the residential property located at 1002, 1002'x, 1004 North French Street and 313, 3131,x, 315, 317 East Tenth Street. COMMUNITY REDEVELOPMENT AGENCY ACTION Recommend that the Community Redevelopment Agency: 1. Direct the Agency General Counsel to prepare and authorize the Executive Director to execute an agreement for the acquisition of real property and escrow instructions acquiring the real property located at 1002, 10021x, 1004 North French Street and 313, 313, 315, 317 East Tenth Street, Santa Ana, AP# 398 -027- 15, from the Cort Stricker Separate Property Trust for the amount of $880,000 plus normal escrow and closing costs and rent loss for vacant units. 2. Adopt a resolution approving the Replacement Housing Plan for the residential property located at 1002, 10021i�, 1004 North French Street and 313, 313, 315, 317 East Tenth Street. This item was continued from the November 7, 2006, Community Redevelopment and Housing Commission meeting by a vote of 4:0 (Jauregui, Turner, Yanez absent). At its Regular Meeting of November 21, 2006, the Community Redevelopment and Housing Commission voted 2:2 on this item (Turner, Yanez, No) (Jauregui, Sarmiento and Welty absent). DISCUSSION The property located at 1002, 1002, 1004 North French Street and 313, 31311, 315, 317 East Tenth Street, shown on Exhibit 1, encompasses 9,234 square feet of land and is improved with a single - family residence, which has been subdivided into three units and a four -plex. The 6 -6