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REQUEST FOR COUNCIL/ <br />HOUSING AUTHORITY <br />ACTION <br />CITY COUNCIL MEETING DATE: <br />APRIL 5, 2016 <br />TITLE: <br />JOINT PUBLIC HEARING - AGREEMENT <br />FOR ACQUISITION OF REAL PROPERTY <br />AND ESCROW INSTRUCTIONS <br />FOR 415 AND 423 S. RAITT STREET; AND <br />710, 714, AND 720 E. 6TH STREET <br />(STRATEGIC PLAN NO. 5,4A) n <br />RECOMMENCED ACTION <br />CITY COUNCIL ACTION <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 18� Reading <br />❑ Ordinance on 2 "d Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Adopt a resolution making certain findings with respect to the consideration to be received by <br />the Housing Authority as the Housing Successor Agency pursuant to a Purchase and Sale <br />Agreement between the Housing Authority and the City for the sale of various properties: 415 <br />and 423 S. Raitt Street (APN 007 - 273 -12 and 007 - 273 -14), and 710, 714, and 720 E. 6th <br />Street (APN 398 - 334 -03, 398 - 334 -04, and 398- 334 -05), and authorize the City Manager to <br />execute all required documents as necessary. <br />2. Authorize the City Manager and Clerk of the Council to execute the Purchase and Sale <br />Agreement and all required documents for the acquisition of real property located at 415 and <br />423 S. Raitt Street (APN 007 - 273 -12 and 007 - 273 -14) in the amount of $843,000, and 710, <br />714, and 720 E. 6th Street (APN 398 - 334 -03, 398 - 334 -04, and 398 - 334 -05) in the amount of <br />$900,000, for a total of $1,743,000 plus closing costs and escrow fees, subject to non - <br />substantive changes approved by the City Manager and City Attorney. <br />HOUSING AUTHORITY ACTION <br />1. Adopt a resolution making certain findings with respect to the consideration to be received by <br />the Housing Authority as the Housing Successor Agency pursuant to a Purchase and Sale <br />Agreement between the Housing Authority and the City for the sale of various properties: 415 <br />and 423 S. Raitt Street (APN 007 - 273 -12 and 007 - 273 -14), and 710, 714, and 720 E. 6th <br />Street (APN 398 - 334 -03, 398 - 334 -04, and 398 - 334 -05), and authorize the Executive Director <br />to execute all required documents as necessary. <br />2. Authorize the Executive Director and Recording Secretary to execute the Purchase and Sale <br />Agreement and all required documents for the acquisition of real property located at 415 and <br />80A -1 <br />