REPORT TO THE CITY COUNCIL
FROM: GEORGEANNE A. WHITE, City Manager
Office of Mayor & City Manager
BY: LUPE PEREZ, Director
Economic Development Department
SUBJECT
Title
Actions pertaining to the San Joaquin Valley Air Pollution Control District (SJVAPCD) (Council District 1):
1. ***RESOLUTION - Authorizing the City of Fresno to accept a grant in the amount of $1,843,572 from the SJVAPCD for the development of 88 multifamily residential units and commercial/ retail space at 1501 N. Blackstone Avenue TOD project (Subject to Mayor's Veto)
2. ***RESOLUTION - adopting the Amendment to the Annual Appropriation Resolution (AAR) No. 2022-appropirating $1,843,572 in grant funds from the San Joaquin Valley Air Pollution Control District (SJVAPD) Public Benefit Grants Program (Program) for the development of 88 multifamily residential units and commercial/retail space at 1501 N. Blackstone Avenue Transit Oriented Development (TOD) project (Requires 5 Affirmative Votes) (Subject to Mayor's Veto)
Body
RECOMMENDATION
City Council approval is sought to authorize the acceptance of a grant award in the amount of $1,843,572 from the Program and appropriate the funding for the development of 88 multifamily residential units and commercial/retail space at 1501 N. Blackstone Avenue Transit Oriented Development (TOD) project.
EXECUTIVE SUMMARY
During the last quarter of 2021, the developer successfully redeveloped a full city block by replacing dilapidated old industrial buildings with a new vibrant mixed use residential development that is now known as "The Link" at Blackstone and McKinley avenues. A Certificate of Occupancy was issued on December 28, 2021.
This $1,843,572 in funding, combined with a myriad of financial resources, was utilized to finance the development of this project.
BACKGROUND
In January 2016, the City, as Housing Successor, approved an Owner Participation Agreement with 1501 N. Blackstone Ave L.P. The agreement would lead to the devel...
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