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~~! ~ ~fG~~wJ <br />~~I~~L <br />~~~~~~~ ~~ ~ V~~~ <br />A~P~~ ~V ~~~~~T~C~~ THE A~~~~~~~~~'fC~N ~' <br />~ ~~~voo~ iffy receives fe~eri furring fio be red ~~ gire, <br />preserve, rid expr~d ffordble housing for io~t ~~~ operate i~con~e houehol~ ~d <br />specie) needs popuia~ior~; ~n~ <br />H~R~~, n April 7, ~Ogg~ ouneii approved recornr~en~atior~ frog the <br />Housing end Hun Concerns omn~i~fiee to ~iloca~e f~an~ir~g for acquisition of an <br />existing n~uitifer~iiy ~uiiing fhat could ~e conveyed fio afforda.hie housing; end <br />~~~ fihe peal property located ~ 0 fain Street Re~~voo~ pity <br />~iiforr~ia ~h~~ein~ffierfil~e "property"~ is ~ n~ulfi far~~ly ~ui~ing having total cf ~ unify, <br />coprised ova one hedraom ur~ifi and studio units; n~ <br />~ ~~ o~vr~er of the real property, the Davey Coup, .iited <br />Partnership, a Ca~iforr~ia limited p~rtr~ership d wires fio sell fihe propert~r to ed~vood Cify <br />t fairr~r~etvai~e; rid <br />~~~ the ~~iifiior~ of fihis property i fio ~e primarily funded from <br />Community Development Blnck Grants (CDBG}and 6~4ME funds; ar~d <br />~~ fihe city must commit its H~l~ funding ~vithin ~4 months cf <br />receiving these fund; end <br />~, the acquisition a# the property gill alloy the pity ~~ meefi ifi CD~~ <br />timely expenditure end H~ll~ commifimen~ requirements end remove the threat of <br />lasing approxin~afiely ~go,g00 as of ~ul~y ~ , oo; ~~ <br />A~~y~R~s~l~~n. ~Z~ <br />~~~s~~ <br />~a o~-o <br />M~FF~~D~ <br /> <br />