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REQUEST FOR COUNCIL/ <br />HOUSING AUTHORITY <br />ACTION <br />CITY COUNCIL MEETING DATE: <br />JULY 5, 2016 <br />TITLE: <br />JOINT PUBLIC HEARING - AGREEMENT <br />FOR ACQUISITION OF REAL PROPERTY <br />AND ESCROW INSTRUCTIONS <br />FOR 1126 -1146 E. WASHINGTON AVE <br />[NON- GENERAL FUND] <br />{STRATEGIC PLAN NO. 6, 1C, 1E, 1G} <br />r <br />�L <br />CITY MANAGER EXECUTIVE DIRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL ACTION <br />TiiM,pitll' <br />CLERK OF COUNCIL USE ONLY: <br />© As Recommended <br />❑ As Amended <br />GI Ordinance on 1 at Reading <br />L1 Ordinance on 2❑d Reading <br />Implementing Resolution <br />0 Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />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 of Santa Ana for the sale of property <br />located at: 1126 -1146 East Washington Avenue (APN 398 - 092 -14), and authorize the City <br />Manager to execute all required documents. <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, by and between <br />the Housing Authority of the City of Santa Ana and the City of Santa Ana, located at 1126- <br />1146 East Washington Avenue (APN 398 - 092 -14) in the amount of $3,490,000, plus closing <br />costs and escrow fees, subject to nonsubstantive changes approved by the City Manager and <br />City Attorney. <br />Approve an appropriation adjustment to recognize prior year fund balance of $3,490,000 into <br />the Public Works Water Revenue Prior Year Carry Forward Revenue account and appropriate <br />the same amount into the Water Systems Maintenance Expense account. <br />HOUSING AUTHORITY ACTION <br />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 of Santa Ana for the sale of property <br />located at 1126 -1146 East Washington Avenue (APN 398 - 092 -014), and authorize the <br />Executive Director to execute all required documents as necessary. <br />80A -1 <br />