REPORT TO THE CITY COUNCIL
FROM: MARLENE MURPHY, Redevelopment Administrator
General City Purpose Dept/Redevelopment Services
SUBJECT
Title
Actions pertaining to the Amended and Restated Disposition and Development Agreement between the City of Fresno and Noyan Frazier Capital, L.P., for The Park at South Fulton Street (South Stadium)
1. RESOLUTION-Finding Good Cause and Public Benefit for Extension of the South Fulton Street Mixed Use Residential Rental Project Pursuant to the Fresno Municipal Code Section 4-204 Relating to the disposition of real property (APN 468-282-22T, 468-282-05T, 468-282-23T)(Requires 5 affirmative votes)
2. Consider Request from Noyan Frazier Capital L.P. for a Second Amendment to the Amended and Restated Disposition and Development Agreement
Body
RECOMMENDATION
[If more than one recommendation pluralize]
EXECUTIVE SUMMARY
[Brief, 1-2 paragraphs; information stated here must be expanded in Background section; clear and concise so anyone understands action being requested]
BACKGROUND
[Include: Any prior history; “City Attorney has reviewed and approved to form,” if applicable; source of funding; appropriate regulation summary information]
ENVIRONMENTAL FINDINGS
[Include CEQA findings or state N/A]
LOCAL PREFERENCE
[N/A due to State and Federal money; N/A because it is more than ½ of 1%; or yes, state why]
FISCAL IMPACT
[Funding source, clarify whether General Fund is or is not impacted; appropriation authority already approved or an AAR is attached; if appropriate explain impact on other projects or timing of funding from other agencies; future obligations]
Attachment: [If more than one, pluralize]