High Village Development Project Lease Agreement
55-B.
Recommendation: Authorize the Director of Economic Opportunity
(DEO) to negotiate and execute the Option to Lease Agreement,
between the County and Linc Housing Corporation, and the form of
Ground Lease, inclusive of an Exhibit of Community Benefits reflective
of the consensus of the priorities of the Community Advisory
Committee, upon satisfaction of the conditions set forth in the Option to
Lease Agreement, and any other transaction documents consistent
with, and/or necessary for, the implementation of the foregoing
approvals, including execution of any amendments to the foregoing
documents for the development of at least 300 mixed-use senior and
family affordable housing, accessory on-site supportive services
space, and ground floor commercial and community space (Project) on
County-owned property located at 721-755 North Spring Street and
716-740 North New High Street. Authorize the Chief Executive Officer,
in coordination with the Director of DEO, to negotiate and execute a
license or other form of legal agreement for up to 119 parking spaces
to serve the Project in Lot 58 based on mutually agreeable price and
terms, and to execute any related or ancillary documents or
amendments necessary to effectuate the license. Find that the
proposed Project is exempt from the California Environmental Quality
Act. (Supervisorial District 1) (Department of Economic
Opportunity) APPROVE (26-6854)