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

ID#14-105 · Action Item · Agenda Ready

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]

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