Title:
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Subject: Real Property Located At 5276 Broadway
From: Housing & Community Development
Recommendation: Conduct A Public Hearing, For The Real Property Located At 5276 Broadway (Clifton Hall), And Upon Conclusion, Adopt The Following Pieces Of Legislation:
1. An Emergency Ordinance Authorizing City Administrator Or Designee To Negotiate And Execute An Agreement To Acquire The Property Located At 5276 Broadway (Clifton Hall), For An Amount Not To Exceed $13.05 Million Including Closing Costs And Fees, For A Family Shelter And Permanent Affordable Housing; (2) Authorizing City Administrator Or Designee To Negotiate And Execute (A) A Fifteen-Year Master Lease Agreement For Clifton Hall With A Housing Operator To Be Determined By The City Administrator Or Designee, For Zero Rent, To Provide Affordable Housing To Homeless Individuals, And (B) Subleases, For Terms Up To Fifteen Years And Terminable Annually By The City Administrator, For Zero Rent, With Cornerstone Community Developmen...
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