REPORT TO THE CITY COUNCIL, THE CITY IN ITS CAPACITY AS HOUSING SUCCESSOR AND THE FRESNO REVITALIZATION CORPORATION
FROM: JENNIFER CLARK, Director
Planning & Development Department
PHIL SKEI, Assistant Director
Planning & Development Department
MARLENE MURPHEY, Executive Director
Housing Successor Agency to the Redevelopment Agency
BY: MAYRA MERINO, Senior Management Analyst
Planning & Development Department
SUBJECT
Title
***RESOLUTION - Repealing Resolution Number 2024-125 and replacing it with language in support of a contribution of City and Housing Successor Agency land toward the Ventura Family Apartments project located on Cesar Chavez Blvd between Seventh and Eighth streets (City Council District 5) (Subject to Mayor's Veto)
Body
RECOMMENDATION
Staff recommends the City Council approve repealing Resolution Number 2024-125 and replacing it with language in support of a conditional contribution of City and Agency land towards the Ventura Family Apartments project.
EXECUTIVE SUMMARY
The City Council adopted Resolution Number 2024-125 on June 20, 2024, in support of the Ventura Family Apartments (Project), a new mixed-use mixed-income affordable housing development comprised of 54 units. The Resolution conditionally contributes City funds, City-owned property (APN 470-052-02T and APN 470-05203T), and Housing Successor to the Redevelopment Agency (Agency)-owned property (APN 470-052-01T). The Resolution and the conditional contributions will terminate December 31, 2024.
Repealing Resolution Number 2024-125 will allow the City to execute funding agreements due to funding obligations and performance deadlines. Adopting the proposed resolution will continue to conditionally contribute City and Agency owned land, subject to the Developer's demonstration of sufficient evidence that the Project is fully funded. City and Agency's conditional disposition of the Property and this resolution shall term...
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