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HOUSING AUTHORITY AGENDA 4 JUNE 21, 2016 <br />PUBLIC HEARING. <br /> <br />JOINT SESSIONS OF THE CITY COUNCIL AND HOUSING AUTHORITY AGENCY <br /> <br />4. JOINT PUBLIC HEARING – CITY COUNCIL AND HOUSING AUTHORITY: <br /> AGREEMENT FOR ACQUISITION OF REAL PROPERTY AND ESCROW <br /> INSTRUCTIONS FOR 1126-1146 E. WASHINGTON AVE (APN 398-092-014), <br /> [NON-GENERAL FUND] {STRATEGIC PLAN NO. 6, 1C, E, G} <br /> <br />Legal notice was published in the Orange County Register on June 8, 2016. <br /> <br /> RECOMMENDED ACTIONS: <br /> <br /> HOUSING AUTHORITY AGENCY ACTION <br /> <br />1. Adopt a resolution. <br /> <br />A RESOLUTION OF THE SANTA ANA HOUSING AUTHORITY TO <br />MAKE CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION <br />TO BE RECEIVED BY THE HOUSING AUTHORITY AS THE HOUSING <br />SUCCESSOR AGENCY PURSUANT TO A PURCHASE AND SALE <br />AGREEMENT BETWEEN THE HOUSING AUTHORITY AND THE CITY <br />OF SANTA ANA FOR THE SALE OF PROPERTY LOCATED AT 1126-1146 <br />EAST WASHINGTON AVENUE (APN 398-092-014), AND AUTHORIZE <br />THE EXECUTIVE DIRECTOR TO EXECUTE ALL REQUIRED <br />DOCUMENTS AS NECESSARY. <br /> <br />2. AGMT - Authorize the Executive Director and Recording Secretary to <br />execute the Purchase and Sale Agreement and all required documents for <br />the acquisition of real property, by and between the Housing Authority of <br />the City of Santa and the City of Santa Ana, located at 1126-1146 East <br />Washington Avenue (APN 398-092-14) in the amount of $3,490,000 plus <br />closing costs and escrow fees, subject to non-substantive changes approved <br />by the Executive Director and Authority General Counsel. <br /> <br /> CITY COUNCIL ACTION <br /> <br />1. Adopt a resolution. <br /> <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />TO MAKE CERTAIN FINDINGS WITH RESPECT TO THE <br />CONSIDERATION TO BE RECEIVED BY THE HOUSING AUTHORITY <br />AS THE HOUSING SUCCESSOR AGENCY PURSUANT TO A PURCHASE <br />AND SALE AGREEMENT BETWEEN THE HOUSING AUTHORITY AND <br />THE CITY OF SANTA ANA FOR THE SALE OF PROPERTY LOCATED <br />AT 1126-1146 EAST WASHINGTON AVENUE (APN 398-092-14), AND <br />AUTHORIZE THE CITY MANAGER TO EXECUTE ALL REQUIRED <br />DOCUMENTS.