Title
Subject: Sale Of City Owned Properties To Paul Wang
From: Community And Economic Development Agency
Recommendation: Adopt The Following Pieces Of Legislation:
1) An Ordinance Amending Ordinance 12531 C.M.S., Which Authorized the Sale at No Cost of Nine City-Owned Properties to Paul Wang Enterprises for the Development of Six Affordable Units and Six Market-Rate Units, to Authorize the Sale of the Remaining Five Properties at 938 46th Street, 62nd Street at Marshall Street, 1027 62nd Street, 3214 Courtland Avenue, and 2849 Kitchener Court/4291 Wilshire Boulevard for a Combined Fair Market Value of $1,077,000 for the Development of Nine Units of Market-Rate Housing; and