HomeMy WebLinkAbout00-051 - Resolutions RESOLUTION NO. 00-051
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVING THE SALE
OF CERTAIN REAL PROPERTY LOCATED AT 7125 AMETHYST
STREET("PROPERTY")IN THE CITY OF RANCH CUCAMONGA,
CALIFORNIA, APPROVING THE EXECUTION OF THE
DISPOSITION AND DEVELOPMENT AGREEMENT "DDA11, AND
MAKING CERTAIN FINDINGS IN REGARD THERETO
A. RECITALS.
(i) The Community Redevelopment Law of the State of California
(Health and Safety Code Sections 33000 estseq.),among other
provisions granting powers to redevelopment agencies,contains
Section 33433 which provides that prior to the sale of any
property acquired with tax increment moneys, the sale must be
approved by the legislative body by resolution following a duly
noticed public hearing.
(ii) The officially adopted Rancho Redevelopment Plan and
Implementation Plan of the Rancho Cucamonga Redevelopment
Agency ("Agency' hereinafter) provides for the development of
affordable housing.
(iii)The Rancho Cucamonga Redevelopment Agency is the owner of
certain real property located at 7125 Amethyst Street, in the City
of Rancho Cucamonga ("Property' hereinafter).
(iv)The Rancho Cucamonga Redevelopment Agency has received a
proposal to purchase the Property from Northtown Housing
Development Corporation,a California Non-Profit Corporation,for
the purpose of developing approximately 80 units of affordable
housing.
(v) Pursuant to California Health and Safety Code Section 33433,
the Agency has prepared a report summarizing the cost of the
sale of the Property.
(vi)Pursuant to California Health and Safety Code Section 33433,
the City of Rancho Cucamonga conducted a duly noticed public
hearing on March 15, 2000, on the subject of the Agency,s sale
of the Property, and having considered all oral and written
testimony presented at the public hearing, decided to adopt this
Resolution, including the findings set forth hereafter.
(vii) All legal preconditions to the adoption of this Resolution have
occurred as required bylaw.
Resolution No. 00-051
Page 2 of 3
B. RESOLUTION.
NOW,THEREFORE,be it found,determined and resolved by the City Council of the
City of Rancho Cucamonga as follows:
1. The facts set forth in the Recitals, Part A,of this Resolution are true and correct.
2. The City Council hereby specifically finds and determines that the sale of the
Property by and through the Agency's funding will be of benefit to the Agency,s
Rancho Redevelopment Project.
3. The Agency hereby specifically finds and determines that the sale of the
Property pursuant to the Disposition and Development Agreement("DDA")will
assist in the elimination of blight within the Rancho Redevelopment Project by
providing affordable housing for low and moderate income persons and by
serving as a catalyst for further revitalization of the Old Alta Loma area.
4. The City Council hereby specifically finds and determines that the total
consideration for the property is not less than the fair reuse value at the use with
the covenants and conditions and development costs authorized by the
Disposition and Development Agreement.
5. The City Council hereby approves the sale of the Property by the Agency to the
Northtown Housing Development Corporation, approves the execution of the
Disposition and Development Agreement by the Agency, and authorizes the
Agency to take any and all actions necessary to complete the sale.
6. The City Clerk shall testify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED this 15`" day of March 2000.
AYES: Alexander, Biane, Curatalo, Dutton, Williams
NOES: None
ABSENT: None
ABSTAINED: None
Elf
William J. A xarider, Mayor
Resolution No. 00-051
Page 3 of 3
ATTEST:
e ra J. Adams C C, City Clerk
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 15'" day of March 2000.
Executed this 16`" day of March 2000, at Rancho Cucamonga, California.
444 ad44ii4 �
ebra J. Ada , CMC, City Clerk