Title:
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Adopt a Resolution Authorizing a Purchase and Sales Agreement with the Mark A Warren Trust for the Acquisition of Multifamily Housing Property Located at 1172 E. Pasadena Street, Using Emergency Solutions Grant CARES Act Coronavirus Funds, in the Amount of $1,250,000.
It is recommended that the City Council adopt the following resolution:
RESOLUTION NO. 2021-149 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA, AUTHORIZING A PURCHASE AND SALES AGREEMENT WITH THE MARK A WARREN TRUST FOR THE ACQUISITION OF MULTIFAMILY HOUSING PROPERTY LOCATED AT 1172 E. PASADENA STREET, POMONA (APN 8323-016-016), USING EMERGENCY SOLUTIONS GRANT CARES ACT CORONAVIRUS (ESG-CV) FUNDS, FOR THE PURCHASE PRICE OF $1,250,000 (193-1791-66201-71076), FOR TEMPORARY EMERGENCY SHELTER
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