HomeMy WebLinkAboutRDA 00 AGENDA 05-01-07
CITY OF TUSTIN MAY 1, 2007
REGULAR MEETING OF THE COUNCIL CHAMBER
300 CENTENNIAL WAY, TUSTIN
COMMUNITY REDEVELOPMENT AGENCY
Jerry Amante, Chair Pro Tem William A. Huston, Executive Director
Doug Davert, Agency member Douglas C. Holland, Legal Counsel
Tony Kawashima, Agency member Pamela Stoker, Recording Secretary
Jim Palmer, Agency member Lou Bone, Chair George Jeffries, City Treasurer
CALL TO ORDER
ROLL CALL
PUBLIC INPUT – Refer to City Council Agenda First Public Input
REGULAR BUSINESS ITEMS
(Agenda Items 1 and 2)
1. APPROVAL OF MINUTES - REGULAR MEETING OF APRIL 17, 2007
: Approve the Redevelopment Agency Minutes of April 17, 2007.
Recommendation
2. SALE OF RESTRICTED AFFORDABLE HOUSING UNIT: 14870 DANCY COURT
IN TUSTIN GROVE
Recommendation:
2.a. Authorize the City Manager and/or Assistant City Manager to have the
Agency exercise its Purchase Option at 14870 Dancy Court in Tustin Grove
and authorize the Agency staff to buy the unit directly from the seller based
on the formula contained in the Purchase Option, including authorization to
market, and resell the unit and impose new affordability restrictions on any
new purchaser, as recommended by the City Attorney. The action includes
authorization for the City Manager and/or Assistant City Manager to execute
any necessary documents and to take all actions necessary including the
execution of all related documents and instruments.
2.b. Appropriate $280,000 from un-appropriated fund balances in the South
Central Housing Set-Aside Fund for marketing and acquisition expenses.
ADJOURNMENT – Next regular meeting is scheduled for Tuesday, May 15, 2007 at 7:00
p.m. in the Council Chamber, 300 Centennial Way, Tustin, California
Community Redevelopment Agency Meeting May 1, 2007
Agenda Page 1 of 1