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REQUEST FOR COUNCIL/ <br />AGENCY ACTION <br />MEETING DATE: <br />NOVEMBER 17, 2008 <br />TITLE: <br />PUBLIC HEARING - DISPOSITION AND <br />DEVELOPMENT AGREEMENT WITH OLSON <br />URBAN HOUSING LLC <br />CITY MANAGER EXECUTIVE DIRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL ACTION <br />CLERK OF COUNCIL USE ONLY: <br />n,ofaov h 0e ihniie fe.- 6,0 daid S <br />Mohan% 41A '&j <br />zvd : mafli.Jet <br />p...• �J <br />❑ <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 a- of -Q t <br />&a 4.IVS <br />FILE NUMBER <br />1. Direct the City Attorney to prepare and authorize the City Manager and <br />the Clerk of the Council to execute a purchase agreement with the <br />Redevelopment Agency for the sale of real property located at 719 -812 <br />N. Concord for its appraised value plus normal escrow and closing <br />costs. <br />2. Adopt a resolution regarding the sale of 2034 N. Bush, 2038 N. Bush, <br />corner of N. Spurgeon and E. 22 "d, 1314 Eastwood, 719 N. Concord, 812 <br />N. Concord, 542 E. Central, 1029 McLean, 4010 & 4018 W. McFadden, 4106 <br />W. McFadden, 4110 W. McFadden, 4809 W. Edinger to Olson Urban Housing <br />LLC for the development of twenty affordable, single - family homes. <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br />1. Authorize the Executive Director to execute a purchase agreement with <br />the City of Santa Ana for the acquisition of real property located at <br />719 -812 N. Concord for its appraised value plus normal escrow and <br />closing costs. <br />2. Adopt a resolution approving a Disposition and Development Agreement <br />between the Community Redevelopment Agency and Olson Urban Housing LLC <br />for the development of twenty affordable, single - family homes at 2034 <br />N. Bush, 2038 N. Bush, corner of N. Spurgeon and E. 22 "d, 1314 <br />7-25 <br />