Legislation / ID#14-105
Approve an amended and restated Owner Participation Agreement, in the amount of $870,000 from TFS Investments, LLC to Fultonia West/Cedar Heights Scattered Site, LP for the development of a Scattered Site Project on APN’s 452-274-05, 452-274-16 and 471-220-55
- Introduced by
- City Council
- Date
- Thu, Jun 26, 2014
Full textv1
REPORT TO THE CITY COUNCIL
[Date of Council Meeting]
FROM: [EXECUTIVE, Director
Public Works Department]
BY: [JOHN DOE, PE, City Engineer
Public Works Department]
SUBJECT
..Title
Approve an amended and restated Owner Participation Agreement, in the amount of $870,000 from TFS Investments, LLC to Fultonia West/Cedar Heights Scattered Site, LP for the development of a Scattered Site Project on APN's 452-274-05, 452-274-16 and 471-220-55
..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 1/2 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]
Sponsors
- Successor Agency to the Redevelopment Agency