Title
Approve an Agreement for Purchase and Sale of Real Property and Escrow Instructions by and an Assignment and Assumption Agreement for the Mixed Use Town Center Development with Phase Three Affordable Rental Housing at East Garrison.
Proposed California Environmental Quality Act (CEQA) action: Find the action statutorily exempt pursuant to CEQA Guidelines section 15378(c).
Body
RECOMMENDATION:
It is recommended that the Board of Supervisors, acting as the Board of Directors for the Successor Agency to the Redevelopment Agency for the County of Monterey
a. Find the action statutorily exempt pursuant to CEQA Guidelines section 15378(c);
b. Approve as to final form the Agreement Purchase and Sale of Real Property and Escrow Instructions between UCP East Garrison, LLC and Community Housing Improvement Systems and Planning Association, Inc for the Mixed Use Town Center Development with Phase Three Affordable Rental Housing at East Garrison;
c. Approve and consent to Assignment and Assumption Agreement for lots T1.4, T1.5, and T1.6 pursuant to the Disposition and Development Agreement and Agency Deed, East Garrison Project, by and among UCP and CHISPA for the Mixed Use Town Center Development with Phase Three Affordable Rental Housing at East Garrison, substantial as to form and subject to the approval of the Office of the County Counsel; and
d. Authorize the Chief Assistant County Administrative Officer to sign the Assignment and Assumption Agreement on behalf of the Successor Agency for the County of Monterey.
SUMMARY/DISCUSSION:
Community Housing Improvement and Planning Associates, Inc. (CHISPA) is the non-profit developer selected for the Phase Three Rental Affordable Housing. Pursuant to the Memorandum of Disposition and Development Agreement (DDA) by and between the Redevelopment Agency of the County of Monterey (now Successor Agency, referred hereto as Agency) and the developer (now UCP East Garrison, LLC, referred hereto as UCP) for the development a...
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