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Consider the road abandonment of a portion of Calle Real located west of Glen Annie, approximately 150 feet east of Ellwood Station Road, at El Encanto Apartments Project, Goleta area, Third District, as follows:
a) Adopt the Resolution of Order to Vacate a portion of fee-owned County road property on Calle Real between Ellwood Station Road and Calaveras Avenue (adjacent to APN 077-490-039), which portion is no longer needed by the public for road or bike path purposes;
b) Approve and authorize the Chair to execute a Grant Deed conveying said surplus fee-owned County road property from the County of Santa Barbara to Santa Barbara Community Housing Corporation, a California non-profit public benefit corporation (Owner);
c) Authorize Staff to execute subordination agreements subordinating the County's right of re-entry to Owner's lenders if necessary for Owner to secure financing for the development of the El Encanto Apartment Project.
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