City Council

11.A. Interagency Loan for $666,300 Between the City of Artesia and the Artesia Housing Authority for the\nPurchase and Sale Agreement for Acquisition of 11820 168th Street by the Artesia Housing Authority\nPurchase and Sale Agreement for Acquisition of Real Property for the Housing Authority of City of Artesia\n— City Council Recommendation:\n— Approve and Authorize the City Manager To Execute on Council’s Behalf:\n— A Loan Agreement in Which the City of Artesia Loans the City of Artesia Housing Authority $666,300 From\nIts General Fund Unassigned Fund Balance, Subject to the Terms and Conditions of the Loan Agreement;\nAnd\n— Finding That the Action is Exempt From CEQA Pursuant to State CEQA Guidelines Section 15378.\n— Commission of the Housing Authority Recommendation:\n— Approve and Authorize the Executive Director of the Housing Authority To Execute on the Commission’s\nBehalf:\n— A Loan Agreement;\n— A Purchase and Sale Agreement for Real Property Located at 11820 168th Street (APN 7011-004-076) in\nthe City of Artesia for a Total Purchase Price of $630,000, Plus Relocation Costs Not To Exceed $29,800,\nand $6,500 in Closing Costs; And\n— Find That the Action Is Exempt From CEQA Pursuant To State CEQA Guidelines Section 15378.