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Consider recommendations regarding RDA housing Set-Aside funding for the purchase of El Encanto Affordable Housing Site, Third District, as follows: (FROM NOVEMBER 21, 2000) (EST. TIME: 2 HRS.) (00-21,565)
Acting as the Board of Supervisors and Redevelopment Agency Board of Directors:
a) Adopt a resolution finding that use of the funds outside of the Isla Vista Redevelopment Project Area will benefit the Isla Vista Redevelopment Project;
Acting as the Redevelopment Agency Board of Directors:
b) Adopt CEQA findings;
c) Approve the commitment of $366,500 in Isla Vista Project Area Redevelopment Housing Set-Aside funds for the acquisition of the El Encanto Apartment site in Goleta by the Santa Barbara Community Housing Corporation (CHC), a County-designated Community Housing Development Organization;
d) Authorize the Treasurer-Tax Collector to execute a Loan Agreement and Regulatory Agreement with CHC for site acquisition.
CAO Recommendation
POLICY
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