Laserfiche WebLink
Loan Agreements with <br />Townsend & Raitt, LLC and <br />Authorization of Relocation Plan <br />701 and 709 Townsend <br />January 7, 2008 <br />Page 4 <br />possible for the project to generate the income necessary to meet this <br />additional obligation. <br />When a Redevelopment Agency enters into an agreement for the acquisition <br />or disposition and development of property, which agreement would lead <br />to the displacement of people from their homes, the legislative body <br />must adopt, by resolution, a relocation plan. The draft Relocation <br />Plans for 701 S. Townsend Street and 709 S. (Exhibit 3) have been <br />prepared in conformance with applicable provisions of California <br />Relocation Assistance Law and Relocation Guidelines as well as United <br />States Department of Housing and Urban Development (HUD) guidelines. <br />These plans are required due to the potential for temporary relocation <br />of households. The plan for 701 and 709 S. Townsend does not foresee a <br />need for any permanent relocation of households, and estimates the cost <br />of temporary relocation at $22,500. <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act and the <br />National Environmental Policy Act, the proposed project is exempt from <br />further review. Categorical Exemption No. ER 2007 -201 will be filed for <br />this project. <br />FISCAL IMPACT <br />Funds for the acquisition and rehabilitation loans are available in the <br />HOME Program in the amount of $1,227,852 (account no. 130 - 148 -6951) and <br />Tax Increment Housing Set -Aside Fund in the amount of $2,264,224 <br />(account no. 507 - 936 - 6951). <br />/�� <br />Shelly Landry -Bayle 5 ti <br />Housing Manager <br />Community Development Agency <br />SGH /SLB /mlr <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Pl.-Francisco Gutierrez( <br />Executive Director <br />Finance & Management Services Agency <br />H: \ACTION ITEMS \COUNCIL \2008CC \1- 7 -08JT 701709CC -CRA LoanAgreeTownsendRaittAuthorofRelocPlans .doc <br />HM <br />