Explanation
Background: One property currently held in the Land Bank is approved for disposition. In order to complete the transfer, authorization is needed for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of such real property. 859-861 S. 18th Street (010-049951) will be sold to Community Development for All People (CD4AP) to renovate the existing structure from a two-family dwelling to a single family dwelling. CD4AP will use Neighborhood Stabilization Program 2 funds to perform the renovation and will sell the renovated structure to NSP 2 eligible homeowners. The property will be transferred by deeds and recorded in the Official Records of the County Recorder's Office.
Fiscal Impact: No funding is required for this legislation. The City may first recover reimbursement of any and all expenses incurred on account of the acquisition, administration, management, maintenance and disposition of such land and such other expenses of the program as the City may apportion to such land from the sale proceeds.
Emergency Justification: Emergency action is requested to expedite the transfer of the property to allow the developer to immediately commence rehabilitation in order to meet program deadlines and reduce further deterioration of the structure.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of one parcel of real property (859-861 S. 18th St.) held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, ordinance 1860-2008 adopted the City's Neighborhood Stabilization Program, authorized the filing of the City's Neighborhood Stabilization Program application with the United States Department of Housing and Urban Development, and made a substantial amendment to the Consolidated Plan's 2008 Action Plan; and
WHEREAS, ordinances 0234-2009 and 01...
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