S7.22 18-2149 Subject: ENA Term Extension for 95th and 3050 International Blvd
From: Economic And Workforce Development
Recommendation: Adopt the Following Pieces of Legislation;
1) A Resolution Authorizing The City Administrator Or Her Designee To Enter Into An Amendment To An Exclusive Negotiation Agreement With Acts Community Development Corporation And The Related Companies Of California, And/Or Affiliated Entities To Extend The Term For One Year With One Optional Six-Month Administrative Extension For The Potential Lease Disposition And Development Of A Mixed-Use Affordable Housing Project On Seven Contiguous City-Owned Parcels (Apns 044-4967- 002, 044-4967-003, 044-4967-004-02, 044-4967-004-03, 044-4967-005, 044-4967-007-01, And 044-4967-009) Located At 95th Avenue And International Boulevard; And