REPORT TO THE CITY COUNCIL
FROM: JENNIFER CLARK, Director
Planning & Development Department
BY: PHIL SKEI, Assistant Director
Planning & Development Department
SUBJECT
Title
Actions pertaining to the acquisition of three undeveloped properties by Assignment of Purchase and Sale Agreements for the development of affordable housing (District 3):
1. Approve Assignment of Purchase and Sale Agreement for the amount $192,000 from the Fresno Housing Authority for 1.03 acres of undeveloped land (APNs 44934203, 44934204, & 44934205).
2. Approve Assignment of Purchase and Sale Agreement for the amount of $69,000 from the Fresno Housing Authority for 0.28 acres of undeveloped land (APN 44934202)
3. Approve Assignment of Purchase and Sale Agreement for the amount of $125,000 from the Fresno Housing Authority for 0.84 acres of undeveloped land (APN 44932118).
Body
RECOMMENDATION
Staff recommends the City Council approve three Assignments of Purchase and Sale Agreements from the Fresno Housing Authority, in the respective amounts of $192,000 for approximately 1.03 acres, APNs 44934203, 04, and 05; $69,000 for approximately 0.28 acres, APN 44934202; and $125,000 for approximately 0.84 acres, APN 44932118; and authorize the City Manager, or her designee, to sign all documents necessary to complete the subject transactions.
EXECUTIVE SUMMARY
Approval of the recommended actions include approximate combined total of 2.11 acres of undeveloped land for future affordable housing projects as part of the redevelopment of Parkway Drive. Sufficient funds for the recommended actions were allocated from the American Rescue Plan Act (ARPA) and included in the Fiscal Year 2023 City Budget. The City Attorney has reviewed and approved the underlying agreements and Assignments of the Purchase and Sale Agreements to form.
BACKGROUND
The proposed Assignments of Purchase and Sale Agreements are respectively, 1.03 acres, 0.28 acres, and 0.84 acres in size. Fresno Hous...
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