REPORT TO THE CITY COUNCIL JOINT MEETING OF THE CITY COUNCIL, THE CITY OF FRESNO IN ITS CAPACITY AS HOUSING SUCCESSOR TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO, AND FRESNO REVITALIZATION CORPORATION FROM: MARLENE MURPHEY, Executive Director SUBJECT ..Title Actions pertaining to property located at 887 Fulton Street (APN 468-282-21T) (Berkeley Building): 1. Adopt a finding of Categorical Exemption pursuant to Section 15332 (Infill) of the California Environmental Quality Act (CEQA) Guidelines 2. ***RESOLUTION - Finding substantial community benefits to justify a sales price less than fair market value and finding good cause and clear and convincing benefit to the public to allow close of escrow on the property to extend beyond 12 months of Council approval pursuant to Fresno Municipal Code Section 4-204 relating to the disposition of real property commonly known as 887 Fulton Street (Subject to Mayor's veto) (Requires 5 affirmative votes) 3. Approve a Disposition and Development Agreement between the City in its capacity as Housing Successor and the Fresno Area Hispanic Foundation, a California non-profit corporation ..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]