REPORT TO THE CITY COUNCIL
December 9, 2021
FROM: JENNIFER CLARK, Director
Planning & Development Department
THOMAS ESQUEDA, City Manager
Office of the Mayor and City Manager
BY: PHILIP SKEI, Assistant Director
Planning & Development Department
SUBJECT
Title
Actions pertaining to the acquisition of 959 N. Parkway Drive (APN 449-324-11) (District 3):
1. Adopt a finding that of Categorical Exemption pursuant to Section 15301/Class 1 (Existing Facilities) of the California Environmental Quality Act (CEQA) guidelines.
2. Approve Assignment of Purchase and Sale Agreement from the Fresno Housing Authority in the amount not to exceed of $3,234,000.
3. Approve an Option Agreement for 959 N. Parkway Drive (APN 449-324-11) with the Fresno Housing Authority for $1,000.
Body
RECOMMENDATION
Staff recommends the City Council adopt a finding that this approval is exempt from the requirements of CEQA pursuant to Section 15301/Class 1 (Existing Facilities) of the California Environmental Quality Act(CEQA) guidelines; approve the assignment of a Purchase and Sale Agreement from Fresno Housing Authority, in the amount of $3,234,000 for real property located at 959 N. Parkway Drive (APN 449-324-11); approve an Option Agreement with the Fresno Housing Authority in the amount of $1,000 for 959 N. Parkway Drive (APN 449-324-11); and authorize the City Manager, or his designee, to sign all documents necessary to complete these transactions.
EXECUTIVE SUMMARY
In accordance with City Council's authorization for the City to apply for Homekey 2.0 funding to acquire the Parkway Inn, located at 959 N. Parkway Drive, approval of this assignment of a purchase and sale agreement is necessary in order to meet the site control threshold requirement of CalHCD's Homekey 2.0 application process.
BACKGROUND
On February 27, 2021, the Fresno Housing Authority entered into a purchase and sale agreement to acquire 959 N. Parkway Drive (APN 449-324-11) for $3,234,...
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