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Title:
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Submitting reso. autho. Surplus Property Sale by Development Agreement Brush Park South Development - RHEA Capital Management, LLC. (The Purchaser will develop the Properties into a mixed-use, mixed-income development in the historic Brush Park Neighborhood (“Project”). The sale shall be subject to a development agreement requiring the development of approximately 280 residential units on the Properties, of which 20% of the units will be dedicated for a defined period to individuals that make 80% or les of the area median income. The Project will also consist of approximately 12,000 square feet of commercial retail space. The project is expected to create an estimated 360 construction jobs.) (REFERRED TO THE PLANNING AND ECONOMIC DEVELOPMENT STANDING COMMITTEE ON 9-8-16)
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