City Council

10. Sale of the Affordable Housing Unit at 21533 Magnolia Street. Recommendation: That the Walnut Housing Authority: 1. Adopt Resolution No. 23-05, A Resolution of the Walnut Housing Authority finding that Certain Real Property Located in the City of Walnut, County of Los Angeles, Identified as APN 8709-089-905 is “Exempt Surplus Land” under the California Surplus Land Act (Attachment 1) 2. Approve and Authorize the Authority Executive Director to Execute the Agreement and Escrow Instructions for the Purchase and Sales of Real Property and the Affordable Housing Loan Agreement with Affordability and Resale Restrictions and Option to Purchase and any attachments thereto (the “Agreements”) for the sale of 21533 Magnolia Street as an Affordable Housing Unit, in Substantially the Form Attached to the Report (Attachments 2 and 3) and in Such Final Form as Approved by the Authority Attorney. 3. Authorize the Authority Executive Director, or designee, to execute any other documents and administer all actions necessary to implement, complete and memorialize the transaction contemplated in the Agreements, including, but not limited to executing the Grant Deed, any escrow instructions, and any other documents contemplated by the Agreements subject to approval as to form by the Authority Attorney. 4. Find that the Agreements do not constitute a project under California Environmental Quality Act (CEQA) and Section 15301 of the CEQA Guidelines in that it consists of the conveyance of an existing single family dwelling unit, involving no change or expansion of use. AUTHORITY CONSENT CALENDAR: The Consent Calendar items listed below are