City Council

HA CC 1.Exclusive Negotiating Agreement with Grupe Investment Company, Inc. Recommendation(s): 1. Authorize the Executive Director or his designee to negotiate, finalize and execute an Exclusive Negotiating Agreement (ENA) with Grupe Investment Company, Inc. to enter into negotiations for a three-month period for the potential disposition of property owned by the Lancaster Housing Authority. No deposit will be required. 2. Authorize the Executive Director or his designee to negotiate, finalize and execute all related documents in a form approved by the City Attorney. The Lancaster Housing Authority (“Authority”) owns a number of properties intended for affordable housing development. One such property, “HNR-3,” is an assemblage of four parcels comprised of approximately 35 acres located on the former Antelope Valley Fairgrounds at the intersection of Avenue I and Division Street. This agreement represents the Authority’s opportunity to take the first steps toward the development of this property.