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Ra <br />REQUEST FOR COUNCIL/ <br />AGENCY ACTION <br />MEETING DATE: <br />MAY 7, 2007 <br />TITLE: <br />PUBLIC HEARING - SALE OF <br />PROPERTY LOCATED AT 612, <br />SANTA ANA BLVD. AND 217, <br />STREET <br />AGENCY OWNED <br />614, 622, 714 E. <br />219 S. BIRCH <br />RECOMMENDED ACTION <br />CITY COUNCIL <br />CLERK OF COUNCIL USE ONLY: <br />moi c-ri ; 411(0 'ez <br />APPROVED 7,,0 <br />J4 <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. Approve an appropriation adjustment repaying a loan from the <br />General Fund and transferring the same to the Capital Outlay Fund, <br />and recognizing the proceeds from the sale of properties and <br />appropriating the same into the Merged Housing Set Aside Fund. <br />2. Adopt a resolution making certain findings with respect to the <br />consideration to be received by the Community Redevelopment Agency <br />pursuant to a Purchase and Sale Agreement between the Agency and <br />the City for the sale of certain properties located at 612, 614, <br />622, 714 E. Santa Ana Blvd. and 217, 219 S. Birch Street and <br />authorizing the Deputy City Manager for Development Services to <br />execute all required documents. <br />COMMUNITY REDEVELOPMENT AGENCY <br />1. Authorize a $1,570,000 loan repayment from the Merged Project Areas <br />Capital Improvements account to the General Fund. <br />2. Adopt a resolution authorizing the sale of Agency -owned property <br />located at 612, 614, 622, 714 E. Santa Ana Blvd. and 217, 219 S. <br />Birch Street and authorizing the Executive Director to execute all <br />required documents. <br />�� AA01o, 4-1 <br />