City Council

HA CC 1.Exclusive Negotiating Agreement with Grupe Investment Company, Inc.\nRecommendation(s):\n1. Authorize the Executive Director or his designee to negotiate, finalize and execute an\nExclusive Negotiating Agreement (ENA) with Grupe Investment Company, Inc. to enter\ninto negotiations for a three-month period for the potential disposition of property owned\nby the Lancaster Housing Authority. No deposit will be required.\n2. Authorize the Executive Director or his designee to negotiate, finalize and execute all\nrelated documents in a form approved by the City Attorney.\nThe Lancaster Housing Authority (“Authority”) owns a number of properties intended for\naffordable housing development. One such property, “HNR-3,” is an assemblage of four\nparcels comprised of approximately 35 acres located on the former Antelope Valley\nFairgrounds at the intersection of Avenue I and Division Street. This agreement represents\nthe Authority’s opportunity to take the first steps toward the development of this property.