City Council

14. CONSIDERATION OF APPROVAL OF AN EXCLUSIVE NEGOTIATING AGREEMENT\nBETWEEN THE SOUTH PASADENA HOUSING AUTHORITY AND RELATED/SOCAL\nDEVELOPMENT, LLC CALIFORNIA FOR THE DEVELOPMENT OF AGENCY-OWNED\nPROPERTY LOCATED AT 1503 AND 1507 EL CENTRO STREET\nRecommendation\nIt is recommended that the City Council, sitting as the Board of Directors of the South\nPasadena Housing Authority, consider the approval of an Exclusive Negotiating\nAgreement with Related/SoCal Development, LLC for the development of an affordable\nhousing project on South Pasadena Housing Authority owned property located at 1503\nand 1507 El Centro Street.