HomeMy WebLinkAbout112006 Aquisition of 2 Vacant Portions 4030 W. McFadden AveREQUEST FOR
AGENCY ACTION
AGENCY BOARD MEETING DATE:
NOVEMBER 20, 2006
TITLE:
ACQUISITION
PORTIONS OF
AVENUE
OF TWO VACANT
4030 WEST MCFADDEN
?)D
XECUTIVE IRECTOR
RECOMMENDED ACTION
AGENCY SECRETARY USE ONLY:
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As Recommended W6
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As Amended
❑
Ordinance on 1" Reading
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Ordinance on 2ntl Reading
❑
Implementing Resolution
❑
Set Public Hearing For
CONTINUED TO
FILE NUMBER
1. Direct the Agency General Counsel to prepare and authorize the
Executive Director to execute an agreement for the acquisition of
real property and escrow instructions acquiring a surplus portion of
4030 West McFadden Avenue, Santa Ana, AP# 108 - 601 -03 for the amount
of $35,000 plus normal escrow and closing costs.
2. Direct the Agency General Counsel to prepare and authorize the
Executive Director to execute an agreement for the acquisition of
real property and escrow instructions acquiring a surplus portion of
4030 West McFadden Avenue, Santa Ana, AP# 108 - 601 -03 for the amount
of $275,000 plus normal escrow and closing costs.
COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION
Recommended that the Community Redevelopment Agency:
1. Direct the Agency General Counsel to prepare and authorize the
Executive Director to execute an agreement for the acquisition of
real property and escrow instructions acquiring a surplus portion of
4030 West McFadden Avenue, Santa Ana, AP# 108- 601 -03 for the amount
of $35,000 plus normal escrow and closing costs.
2. Direct the Agency General Counsel to prepare and authorize the
Executive Director to execute an agreement for the acquisition of
real property and escrow instructions acquiring a surplus portion of
4030 West McFadden Avenue, Santa Ana, AP# 108- 601 -03 for the amount
of $275,000 plus normal escrow and closing costs.
5 -3
Acquisition of Two Vacant Portions
of 4030 West McFadden Avenue
November 20, 2006
Page 2
By a vote of 4:0 (Jauregui, Turner, Yanez absent) at its Regular Meeting
of November 7, 2006.
DISCUSSION
The Community Redevelopment Agency must meet both inclusionary and
replacement housing obligations that arise from developments within its
project area and from its own activities throughout the City. However,
there are very few vacant residential sites available within the City on
which to develop housing. Since the City is built out, the Agency is
constantly looking for available residential property. Therefore, it is
essential to purchase infill residential properties as they become
available in order to produce additional housing.
The City of Santa Ana is the owner of three vacant parcels located at
4110, 4106 and 4010 West McFadden Avenue. Current plans call for the
City to transfer ownership of these parcels to the Community
Redevelopment Agency for development of affordable single - family homes.
The owner of the parcel located at 4030 West McFadden Avenue has agreed
to sell two vacant portions of that property to the Agency (Exhibit 1) .
Purchase of these two sites will enhance the infill housing development
potential of the three City owned sites.
The site located immediately to the south of 4110 and 4106 West McFadden
is comprised of approximately 1,637 square feet. The purchase price is
$35,000. The site located immediately to the west of 4010 West McFadden
is comprised of approximately 6,072 square feet. The purchase price is
$275,000. These purchase prices represent the current fair market value
of the two sites. Their development will be in compliance with the
Agency's replacement and inclusionary housing obligations and will be
designed in a manner that will enhance the surrounding neighborhood. The
ultimate affordability and development of these properties has not yet
been determined.
CEQA COMPLIANCE
In accordance with the California Environmental Quality Act, Categorical
Exemption No. ER 2006 -115 will be filed for these properties.
5 -4
Acquisition
of 4030 West
November 20,
Page 3
of Two Vacant Portions
McFadden Avenue
2006
FISCAL IMPACT
Funds are available in the Housing Set -Aside Fund, Santa Ana Boulevard
Development Plan account (account no. 507 - 936 -6611, project no. 07- 8044).
APPROVED AS TO FUNDS AND ACCOUNTS:
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H: \ACTIONS \2006 CRA\ AcquiTwoVacantPortions403OWMCFadden 11- 20- 06.doc
5 -5
ih Francisco
/(�
Nancy T.
wards
Gutierrez
Assistant
irector
Executive
Director
Community
Development Agency
Finance &
Management Services Agency_
SGH /SLB /JPH /mlr
H: \ACTIONS \2006 CRA\ AcquiTwoVacantPortions403OWMCFadden 11- 20- 06.doc
5 -5
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Currently Owned by the City
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Two Portions of 4030 West McFadden Avenue
Exhibit 1
5 -6