LA County Board

3-D. Disposition of Property to Centro de Niños\nRecommendation as submitted by Supervisor Solis: Find that the disposition of\nproperty located at 4850 East Cesar Chavez Avenue in unincorporated East\nLos Angeles (Property) is governed by Section 18 of the United States Housing\nAct 42 USC §1437 and associated Federal regulations; find that the\nrequirement that the Property be offered to a resident organization does not\napply, because the Los Angeles County Development Authority seeks a\ndisposition outside the public housing program to benefit low-income families\nthrough support of the existing daycare facility, and the disposition of the\nProperty is a disposition of a non-dwelling property; find that the disposition of\nthe Property to Centro de Niños (Centro) meets the specific criteria for the\nUnited States Department of Housing and Urban Development (HUD) approval\nof the disposition request because the disposition of the Property is incidental\nto, and does not interfere with, continued operation of the remaining portion of\nthe public housing development; find that, because the disposition of the\nProperty is governed by Federal law, the disposition of the Property is not\nsubject to the California Surplus Land Act, and that, in the alternative, a\ndisposition of the Property, subject to the recordation of the Use Covenant, for\nthe Daycare Use, in perpetuity, constitutes a disposition for “agency’s use”\npursuant to the Surplus Land Act; adopt and instruct the Chair to sign a\nresolution, as required by HUD, for submission and approval of the Inventory\nRemoval Application for the disposition of the Property; authorize the Executive\nDirector of the Los Angeles County Development Authority to take all actions\nrequired for the implementation of the disposition process including, but not\nlimited to, negotiating and executing all documents needed to lease, finance and\ndispose of the Property with Centro, including submission of all required\ndocuments to HUD and execution of amendments to all documents necessary\nfor this Property, enter into a grant agreement with Centro providing up to\n$1,500,000 in Economic Development Administration de-Federalized revolving\nloan funds, and authorize a seller carry back loan on the Property of\n$1,400,550, with a monthly payment of $8,199.62, based on a 6.5% interest\nrate and a 40-year repayment period; and find that the project is either exempt\nor not subject to the California Environmental Quality Act. (24-3196)