AN ORDINANCE relating to the transfer of City real property for housing development; declaring the property located at 1314, 1326, and 1336 Yakima Avenue South (“PMA 1594”) surplus to the City’s needs; transferring the jurisdiction of this property from the Department of Finance and Administrative Services to the Office of Housing; authorizing its transfer to Homestead Community Land Trust or its designee; and authorizing the Director of the Office of Housing to execute and deliver the contract for transfer of land, deed, and related documents.
I've seen that agenda item 11 Council Bill 119603 relating to the transfer of city real property for housing developments. Can we recommend the bill pass? Yes, ma'am. Picture it. Good. Thank you. This bill will authorize the disposition of a parcel of property on Yakama Avenue, South and South Irving Street, its property that will be developed for permanently affordable homeownership. The transfer of jurisdiction will be to be between our fast finance and administrative services to the Office of Housing and authorizes our Office of Housing Director to enter into a purchase and sale agreement with the developer. And there are two developers, our Homestead Community Land Trust and Edge Developers Inc where were 16, three bedroom, two bath townhomes, ten of which will be permanently affordable homes for homebuyers at or below 60 80% AMI and six market rate homes. And all of the net sales proceeds will subsidize the affordable homes. We recommend the Council bill 119673 pass as recommended. Thank you, Casper. And any other questions or comments? If not, please call the role on the passage of the bill. Gonzalez purple. Whereas Musgrave I O'Brien Pacheco Swan I President Harrell I nine in favor and unopposed. Will pass into the Senate. Please read. Agenda item number 12 the short title.