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Joint Public Hearing - <br />DDA with OCCHC for Logan Property <br />August 18, 2008 <br />Page 3 <br />Construction of these homes will assist the Community Redevelopment <br />Agency in meeting their replacement and inclusionary housing obligations <br />and will assist the City in meeting the Regional Housing Needs <br />Assessment (RHNA) goals identified in the Housing Element. <br />On August 4 and August 11, 2008, notification was published in the <br />Orange County Reporter that a public hearing will be held with regard to <br />the proposed sale of the property located at 1006, 1012 and 1015 Logan <br />Street to the Orange County Community Housing Corporation. <br />CEQA COMPLIANCE <br />In accordance with the California Environmental Quality Act, the <br />proposed project is exempt from further review per Section 15061(b)(3) <br />as the project will not have a significant effect on the environment. <br />General Rule Exemption Environmental Review No. 2008-137 will be filed <br />for this project. <br />FISCAL IMPACT <br />Funds are available in the Tax Increment Housing Set-Aside fund (account <br />no. 507-936-6621). Proceeds from the sales of the homes shall be <br />deposited in the Tax Increment Housing Set-Aside Sale of Land Revenue <br />fund (account no. 507-01-5721). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />-~ ~, , <br />~L~iG!~Z%~~~LGC ~!~~C~%~~ _ n <br />Shelly ndry-Ba l ,(~'~ncisco Gutierrez <br />Housing Manager executive Director <br />Community Development Agency Finance and Management Services <br />CJN/SLB/mlr <br />081808 JT P H CC-CRA DDA OCCHC Logan <br />80B-3 <br />