City Council

5.     APPROVAL TO ENTER INTO AN EXCLUSIVE NEGOTIATION AGREEMENT WITH HOLOS INC., AND HERITAGE HOUSING PARTNERS FOR\nTHE\nDEVELOPMENT OF A MIXED-USE AFFORDABLE HOUSING PROJECT LOCATED ON CITY-OWNED REAL PROPERTY AT 434-470 NORTH\nLAKE\nAVENUE (Economic Development Division)\nRecommendation: It is recommended that the City Council:\n(1)       Find that the proposed action in the agenda report is not a “project” subject to California Public Resources Code Section 21065 and within the\nmeaning\nof California Environmental Quality Act (CEQA) pursuant to State CEQA Guidelines Section 15378(b);\n(2)       Approve the terms of the Exclusive Negotiation Agreement (ENA) with Holos Inc., and Heritage Housing Partners as described in the\nBackground\nsection of the agenda report in connection with the development of a mixed-use affordable housing project on City-owned property at 434-470 North\nLake Avenue; and\n(3)       Authorize the City Manager to execute, and the City Clerk to attest the ENA and related documents to effectuate the ENA.