Lancaster

City Council

HA CC 1.Exclusive Negotiating Agreement with Juniper Crossing LP Recommendation(s): 1. Authorize the Executive Director or his designee to negotiate, finalize, and execute an Exclusive Negotiating Agreement (ENA) with Juniper Crossing LP to enter into negotiations for 180 days 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 several properties designated for the development of affordable housing. These include HNR-6, located at the northeast corner of Beech Avenue and Avenue J-2 (Assessor's Parcel Numbers (APNs) 3132-010-900, 3132-010-901, 3132-010-902, 3132-010-903, and 3132-010-904); HNR-7, located at the southeast corner of West Newgrove Street and Beech Avenue (APN 3134-021-900); and HNR-9, located near the northeast corner of Beech Avenue and Avenue J-7 (APNs 3132- 012-901, 3132-013-900, 3132-013-901, 3132-013-902, 3132-013-903, and 3132-013- 904). The proposed agreement represents the Authority's first significant step toward realizing the development potential of this site. Juniper Crossing LP has expressed interest in acquiring approximately 3.7 acres of the property and pursuing the necessary entitlements to develop approximately 149 affordable housing units.