081808 Jt PH DDA OC Comm Hsg Corp for 1006 1012 and 1015 Logan

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Joint Public Hearing - DDA with OCCHC for Logan Property August 18, 2008 Page 3 Construction of these homes will assist the Community Redevelopment Agency in meeting their replacement and inclusionary housing obligations and will assist the City in meeting the Regional Housing Needs Assessment (RHNA) goals identified in the Housing Element. On August 4 and August 11, 2008, notification was published in the Orange County Reporter that a public hearing will be held with regard to the proposed sale of the property located at 1006, 1012 and 1015 Logan Street to the Orange County Community Housing Corporation. CEQA COMPLIANCE In accordance with the California Environmental Quality Act, the proposed project is exempt from further review per Section 15061(b) (3) as the project will not have a significant effect on the environment. General Rule Exemption Environmental Review No. 2008 -137 will be filed for this project. FISCAL IMPACT Funds are available in the Tax Increment Housing Set -Aside fund (account no. 507 - 936- 6621). Proceeds from the sales of the homes shall be deposited in the Tax Increment Housing Set -Aside Sale of Land Revenue fund (account no. 507 -01- 5721). APPROVED AS TO FUNDS AND ACCOUNTS: elly ndry -Ba 1 hA F�ncisco Gutierrez q� Housing Manager Executive Director Community Development Agency Finance and Management Services CJN /SLB /mfr 081808 JT P H CC -CRA DDA OCCHC Logan 7 -67