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�� � REQUEST FOR COUNCIL ACTION Department Ap�roval � �� .�- Item Description: Dale Street Fire Station Site Redevelopment BACKGROUND Date: April 6, 2015 Item No.: 8.f City Manager Approval At its March 23, 2015 meeting, the City Council authorized presenting an offer to the Housing and Redevelopment Authority (HRA) for the purchase of property in the Dale Street Fire Station Redevelopment Area. The HRA's attorney prepared the attached purchase agreement which was reviewed by the City Attorney (Attachment B). At its March 31, 2015 meeting, the HRA approved a resolution approving the purchase agreement as it was presented and authorized staff and HRA ofiicials to take all actions necessary to perform the Authority's actions under the Purchase Agreement. POLICY OBJECTIVE The redevelopment of this site satisfies many of the City's policy objectives related to elimination of blight and promoting the redevelopment of a wide range of housing options. BUDGET IMPLICATIONS It is anticipated that the funds to purchase the property will be coming out of TIF funds, not the General Fund. Staff time, including the City Attorney and HRA Attorneys will be necessary to prepare, review and process the documents for the transaction. STAFF RECOMMENDATION Staff recommends the approval of the attached resolution that will authorize taking all actions necessary to enter into the purchase agreement with the HRA. REQUESTED COUNCIL ACTION Offer a motion to approve the attached Resolution authorizing entering into the purchase agreement with the HRA for the HRA owned land in the Dale Street Fire Station Redevelopment project area and performance of the actions necessary to meet the City's obligations identified in the executed purchase agreement. Prepared by: Paul Bilotta, Community Development Director Attachments: A: Resolurion Approving the Purchase of Certain Land in the City of Roseville B: Draft Purchase Agreement approved by the HRA Page 1 of 1