HomeMy WebLinkAbout99-074 - Resolutions RESOLUTION NO. 99-074
A RESOLUTION OF THE RANCHO CUCAMONGA CITY COUNCIL
APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT
BETWEEN THE RANCHO CUCAMONGA REDEVELOPMENT
AGENCY AND LAMCO HOUSING, INC., A CALIFORNIA
CORPORATION
WHEREAS, in order to effectuate the provisions of the Redevelopment Plan for the
Rancho Redevelopment Project Area (the "Project Area"), the Rancho Cucamonga Redevelopment
Agency ("Agency") proposes to enter into a Disposition and Development Agreement ("DDA") with
Lamco Housing, Inc., a California Corporation ("Developer"); and
WHEREAS, pursuant to the DDA, the Agency will convey to the Developer fee simple
title to that certain property located in the Project Area (the "Site"), described in Attachment No. 1
("Legal Description") and depicted on the map on Attachment No. 2 ("Site Map") to the DDA; and
WHEREAS, Developer proposes to develop the Site with approximately 95 first class
single family detached units as depicted on Attachment No. 3 ("Scope of Development") to the DDA,
pursuant to the terms and conditions set forth in the DDA; and
WHEREAS, Section 33433 of the California Health and Safety Code requires that the
DDA be approved by the Agency and this City Council, that certain findings be made, and that a
Summary Report and a copy of the DDA be made available for public inspection; and
WHEREAS, the Summary Report and a copy of the DDA with attachments, and other
related exhibits, has been made available for public inspection in the manner required by Section
33433; and
WHEREAS, notice of this public hearing has been given in the manner required by
law;
NOW, THEREFORE, based on the evidence presented to the Council, including the
written staff report and oral testimony on this matter, and the Summa~ Report prepared pursuant to
Section 33433 of the California Health and Safety Code, the City Council of the City of Rancho
Cucamonga does hereby find, determine and resolve as follows:
1. The development of Site is consistent with the Rancho Cucamonga General
Plan and the Rancho Cucamonga Redevelopment Plan.
2. The sale of the Site is consistent with the Implementation Plan adopted
pursuant to Health and Safety Code Section 33490.
3. The proposed development is the highest and best use of the Site in
accordance with the Redevelopment Plan.
4. The consideration to be received by the Agency for the conveyance of the
Site is higher than the fair reuse value, at the use and with the covenants,
conditions and development costs authorized by the DDA.
Resolution No. 99-074
Page 2 of 2
5. The sale and development of the Site will assist in the elimination of blight in
the Project Area. The new homes will be developed on property that was
previously occupied by blighted structures and uses.
6. The sale and d.evelopment of the Site is necessary to insure the successful
development of the property to its highest and best use.
RESOLVED FURTHER, that the City Council does hereby approve the Disposition
and Development Agreement between the Rancho Cucamonga Redevelopment Agency and Lamco
Housing, Inc.
RESOLVED FURTHER, that a copy of this resolution shall be filed with the Secretary
of the Rancho Cueamonga Redevelopment Agency.
PASSED, APPROVED, AND ADOPTED this 7th day of April 1999.
AYES: Alexander, Biane, Curatalo, Dutton, Williams
NOES: None
ABSENT: None
ABSTAINED: None
William J. A~der, ayor
A'n'EST:
/
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California, do
hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City
Council of the City of Rancho Cucamonga, California, at a regular meeting of said City Council held
on the 7th day of April 1999.
Executed this 8t' day of April 1999, at Rancho Cucamonga, California.
De-~ra J. Adam.~,~l'C, City Cl~rk ' '-