(a) Notwithstanding subdivision (e) of Section 34177, and subdivision (a) of Section 34181, the successor agency to the Redevelopment Agency of the County of Sacramento may dispose of assets previously used as the San Juan Hotel and Mobile Home Park for an amount less than fair market value provided that the agency require that the property be used for housing affordable to, and occupied by, persons and families of low or moderate income and very low income and extremely low income households and include an enforceable covenant to that effect that meets the requirements of subdivision (f) of Section 33334.3.
(b) For purposes of this section, “assets previously used as the San Juan Hotel and Mobile Home Park” means a property, consisting of 2.55 acres, formerly known as the San Juan Hotel and Mobile Home Park located at 5700 Stockton Boulevard in Sacramento County.
(c) For purposes of this section, “dispose of” means to transfer or sell the property described in subdivision (b) to the City of Sacramento or to the housing successor to the Redevelopment Agency of the City of Sacramento.
(d) This section shall remain in effect only until January 1, 2022, and as of that date is repealed.
(Added by Stats. 2018, Ch. 506, Sec. 1. (SB 481) Effective January 1, 2019. Repealed as of January 1, 2022, by its own provisions.)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
