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September 21, 2009

Administration of Residential Acquisition and Relocation Programs: -Belford -Manchester Square. September 21, 2009. Today’s Discussion. Purpose: Describe how staff plans to manage the program going forward. Prior BOAC Briefing. Findings and Program Needs

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September 21, 2009

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  1. Administration of Residential Acquisition and Relocation Programs: -Belford -Manchester Square September 21, 2009

  2. Today’s Discussion Purpose: • Describe how staff plans to manage the program going forward

  3. Prior BOAC Briefing Findings and Program Needs • The existing process and procedures have: • Worked well for single family properties • Are less effective for multi-family rental properties • Existing process relies on delegated authority to LAWA staff • Involves BOAC too late in the decision process, especially in changing market conditions • Property owners perceive uncertainty in the process • A supplemental approach to the existing process: • Existing process will remain available to property owners • Supplemental approach will facilitate “structured” negotiations with willing property owners, using an agreed upon process for negotiations that engages BOAC earlier • The relocation assistance programs for occupants and renters will not be modified

  4. Acquisition Process • Properties being considered for acquisition under the existing program processes will be identified for the BOAC prior to the commencement of appraisals or any other expenditures related to acquisition • Currently there are 14 single family Manchester Square properties are covered by the existing process, 3 of which are actively proceeding toward acquisition • A negotiation process will be used where owners agree to this alternative approach • 4 owners of Belford properties (46 units) have agreed to start a negotiation process, based on a feasibility study approach • Property acquisitions using the supplemental approach will require BOAC approval and may require City Council approval prior to close • Each future potential acquisition using a negotiation approach will be • A case-by-case approach that makes negotiation rules transparent • Brought to the BOAC prior to start of the negotiation process • May require more approvals to close transactions

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