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REQUEST FOR COUNCIL/ <br />AGENCY ACTION <br />MEETING DATE: <br />AUGUST 18, 2008 <br />CLERK OF COUNCIL USE ONLY: <br />n'D' trr tu��o �; /YYiYhne� <br />TITLE: APPROVED <br />0 As Recommended &'� <br />JOINT PUBLIC HEARING — SALE OF AGENCY— ❑ As Amended (61,w a �1 <br />OWNED PROPERTY (FY08 -09) 626 -628 E. SANTA 11 Ordinance on1stReading sei't <br />ANA BLVD . , 809'2 E. SANTA ANA BLVD . , 630 N. ❑ Ordinance on 2nd Reading <br />GARFIELD ST., 604 N. LACY ST. ❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />CITY MANAGER CUTIVErDIRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL <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. Authorize the City Manager to execute all required documents for <br />the acquisition of real property located at 626 -628 E. Santa Ana <br />Blvd., 8091.2 E. Santa Ana Blvd., 630 N. Garfield St. and 604 N. Lacy <br />St. from the Santa Ana Community Redevelopment Agency for the <br />amount of $373,000 plus normal escrow closing costs. <br />3. 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 various properties: 626 -628 E. Santa Ana <br />Blvd., 809 E. Santa Ana Blvd., 630 N. Garfield St. and 604 N. Lacy <br />St. and authorizing the City Manager to execute all required <br />documents. <br />6 -53 <br />