JOINT MEETING OF THE CITY COUNCIL, THE CITY OF FRESNO IN ITS CAPACITY AS HOUSING SUCCESSOR TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO, THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO, AND FRESNO REVITALIZATION CORPORATION
FROM: MARLENE MURPHEY, Executive Director
SUBJECT
Title
Actions pertaining to the disposition of approximately 2.28 acres generally located at the southwest corner of Florence and Walnut and the northwest corner of Florence and Plumas Avenue for development of a 14-unit single-family affordable housing project:
1. HEARING to consider disposition of property located at the southwest corner of Florence and Walnut Avenue and northwest corner of Florence and Plumas Avenue
2. ***RESOLUTION - Finding Substantial Community Benefits resulting from the Amended and Restated Disposition and Development Agreement that justify a price less than fair market value pursuant to Fresno Municipal Code Section 4-204 relating the disposition of real property (Subject to Mayor's veto)
3. Approve an Amended and Restated Disposition and Development Agreement between the City of Fresno in its capacity as Housing Successor and Self-Help Enterprises
Body
RECOMMENDATION
It is recommended the City conduct a hearing to consider disposition of the property located at the southwest corner of Florence and Walnut Avenue and northwest corner of Florence and Plumas Avenue, approve a Resolution Finding Substantial Community Benefits Resulting from the disposition of property to Self Help Enterprises for less than Fair Market Value, and approve the Amended and Restated Disposition and Development Agreement with Self Help Enterprises for development of a 14-unit single family affordable housing project.
EXECUTIVE SUMMARY
The Amended and Restated Disposition and Development Agreement (DDA) with Self Help Enterprises (Developer) provides for the development of 14 single-family affordable homes on two proximate sites along Florence Avenue betwee...
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