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REQUEST FOR COUNCIL/ <br />AGENCY ACTION <br />MEETING DATE: <br />AUGUST 18, 2008 <br />TITLE: <br />JOINT PUBLIC HEARING - SALE OF AGENCY- <br />OWNED PROPERTY (FY08-09) 626-628 E. SANTA <br />ANA BLVD., 809'-z E. SANTA ANA BLVD., 630 N. <br />GARFIELD ST., 604 N. LACY ST. <br />1 <br />,' <br />~', <br />f ~~. <br />CITY MANAGER EXECUTIVE= IRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1st Reading <br />^ Ordinance on 2nd Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For <br />CONTINUED TO <br />FILE NUME3ER <br />1. Approve an appropriation adjustment repaying a loan from the <br />General Fund and transferring the same to the Capital Outlay Fund, <br />and recognizing the proceeds from the sale of properties and <br />appropriating the same into the Merged Housing Set Aside Fund. <br />2. Authorize the City Manager to execute all required documents for <br />the acquisition of real property located at 626-628 E. Santa Ana <br />Blvd.,. 809% E. Santa Ana Blvd., 630 N. Garfield St. and 604 N. Lacy <br />St. from the Santa Ana Community Redevelopment Agency for the <br />amount of $373,000 plus normal escrow closing costs. <br />3. Adopt a resolution making certain findings with respect to the <br />consideration to be received by the Community Redevelopment Agency <br />pursuant to a Purchase and Sale Agreement between the Agency and <br />the City for the sale of various properties: 626-628 E. Santa Ana <br />Blvd., 8091-~ E. Santa Ana Blvd., 630 N. Garfield St. and 604 N. Lacy <br />St. and authorizing the City Manager to execute all required <br />documents. <br />80A-1 <br />