Over the course of several years, the Garden Grove Agency for Community Development (“Former Agency”), acquired several single family residences in the Civic Center area as part of the assemblage of a large redevelopment project site. In January 2012, the Former Agency was dissolved and all of its low/moderate affordable housing obligations and assets were transferred to the Authority by operation of law. A Housing Asset Transfer form (“HAT”) was prepared by the Successor Agency, in accordance with the Dissolution Act, listing all of the assets transferred to the Authority, for approval by the State Department of Finance (“DOF”). On August 30, 2012, the DOF approved the HAT.

On May 10, 2016, the Housing Authority and Garden Grove City Council approved a Disposition and Development Agreement (“DDA”) with the Lab Holdings LLC. (“Developer”), for the sale and development of the 12 single family properties, which include the subject Properties. In order to consummate the transaction with the Developer, First American Title Company is requesting that a quitclaim deed be executed between the Successor Agency and the Authority to memorialize the approval of the HAT and to provide a clear chain of title. 

There is no financial impact.

It is recommended that the Successor Agency:

• Approve the quitclaim deed conveying the Properties from the Successor Agency; and
• Authorize the Director to execute the quitclaim deed on behalf of the Successor Agency and make minor modifications as needed.

It is recommended that the Housing Authority:

• Approve the quitclaim deed conveying the Properties to the Housing Authority; and
• Authorize the Secretary to accept the quitclaim deed on behalf of the Housing Authority.

By:  Carlos Marquez, Senior Real Property Agent