Purchase and Sale Agreement for City-Owned Property at 5732 Lincoln Avenue to Olson Urban Housing, LLC
Summary
SCH Number
2024031023
Public Agency
City of Cypress
Document Title
Purchase and Sale Agreement for City-Owned Property at 5732 Lincoln Avenue to Olson Urban Housing, LLC
Document Type
NOE - Notice of Exemption
Received
Posted
3/27/2024
Document Description
A City-initiated sale agreement with Olson Urban Housing, who intends to construct 20 three-story condominium units, 15 of which will be market-rate units and 5 units of which will be affordable to Low-Income families.
Contact Information
Name
Alicia Velasco
Agency Name
City of Cypress
Job Title
Planning Director
Contact Types
Lead/Public Agency
Phone
Email
Location
Cities
Cypress
Counties
Orange
Regions
Southern California
Cross Streets
Lincoln Avenue and Valley View Street
Zip
90630
Notice of Exemption
Exempt Status
Categorical Exemption
Type, Section or Code
Class 32 (Section 15332)
Reasons for Exemption
The housing development project associated with this sale agreement is defined as an in-fill development project, located on no more than five acres, has no native vegetation or watercourses present on site, can be adequately served by all required utilities and public services, and the existing street network has adequate capacity to accommodate the anticipated traffic from the proposed Project.
County Clerk
Orange
Attachments
Notice of Exemption
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