City of Long Beach - File #: 07-075R

• File #: 07-075R
• Version: 1
• Name: Property at 3361 Andy Street
• Type: RDA-Contract
• Status: Approved
• File created: 5/16/2007
• In control: Redevelopment Agency Board
• On agenda: 5/21/2007
• Final action: 5/21/2007
• Title: Recommendation to: Hold a public hearing; Receive supporting documentation into the record and conclude the public hearing; Approve and authorize Executive Director to execute and record Covenants, Conditions and Restrictions (CCR's) on Agency owned property at 3361 Andy Street restricting occupancy to low and moderate-income households at affordable rents for a period of 55 years; Approve and authorize the Executive Director to vote in favor of the Andy Street Multi-family Improvement District; and Approve and authorize the Executive Director to execute a Purchase and Sale Agreement and all other related documents for the sale of property at 3361 Andy Street to the Long Beach Housing Development Company for $500,000 plus closing costs. (North - District 9)
• Related files: 08-0860, 08-123R

Date	Ver.	Action By	Action	Result
5/21/2007	1	Redevelopment Agency Board	approve recommendation	Pass

TITLE

Recommendation to:

Hold a public hearing;

Receive supporting documentation into the record and conclude the public hearing;

Approve and authorize Executive Director to execute and record Covenants, Conditions and Restrictions (CCR's) on Agency owned property at 3361 Andy Street restricting occupancy to low and moderate-income households at affordable rents for a period of 55 years;

Approve and authorize the Executive Director to vote in favor of the Andy Street Multi-family Improvement District; and

Approve and authorize the Executive Director to execute a Purchase and Sale Agreement and all other related documents for the sale of property at 3361 Andy Street to the Long Beach Housing Development Company for $500,000 plus closing costs.  (North - District 9)

SUGGESTED ACTION

Approve recommendation.