Emeryville Banner
 
File #: ID-2021-260    Version: Name: Purchase BMR Unit At 1500 Park Avenue #322
Type: CC Resolution Status: Passed
File created: 5/13/2021 In control: City Council
On agenda: 6/1/2021 Final action: 6/1/2021
Title: Resolution Of The City Council Of The City Of Emeryville Authorizing The City Manager To Execute The Notice Of Exercise Of Option To Acquire 1500 Park Avenue #322 And Any Other Documents Required To Complete The City’s Acquisition Of 1500 Park Avenue #322 At A Purchase Price Not To Exceed $338,200 And To Expend Up To $16,800 For Repairs, Holding Costs And Any Additional Transactional Costs For A Total Expenditure Not To Exceed $355,000 From The Affordable Housing Fund (Fund 299) As Appropriated To The Capital Improvement Program For Below Market Rate Unit Acquisition Program (CIP No. # H-06). (Charles S. Bryant / Chadrick Smalley / Valerie Bernardo)
Attachments: 1. Staff Report, 2. Draft Resolution, 3. Attachment A - Notice of Exercise of Option to Acquire, 4. Exhibit A to Notice of Exercise of Option to Acquire, 5. APPROVED Resolution No. 21-47

Title

Resolution Of The City Council Of The City Of Emeryville Authorizing The City Manager To Execute The Notice Of Exercise Of Option To Acquire 1500 Park Avenue #322 And Any Other Documents Required To Complete The City’s Acquisition Of 1500 Park Avenue #322 At A Purchase Price Not To Exceed $338,200 And To Expend Up To $16,800 For Repairs, Holding Costs And Any Additional Transactional Costs For A Total Expenditure Not To Exceed $355,000 From The Affordable Housing Fund (Fund 299) As Appropriated To The Capital Improvement Program For Below Market Rate Unit Acquisition Program (CIP No. # H-06). (Charles S. Bryant / Chadrick Smalley / Valerie Bernardo)