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HomeMy WebLinkAbout14-164 - Resolutions RESOLUTION NO. 14-164 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY REGARDING THE CONDITIONAL CONVEYANCE TO LDC COUGAR, LLC AND CHURCH HAVEN, LLC OF PROPERTY PURSUANT TO THE APPROVED AMENDED LONG-RANGE PROPERTY MANAGEMENT PLAN RECITALS: A. Pursuant to Health and Safety Code Section 34175(b) and the California Supreme Court's decision in California Redevelopment Association, et al. v. Ana Matosantos, et al. (53 CalAth 231(2011)), on February 1, 2012, all assets, properties, contracts, leases, books and records, buildings, and equipment of the former Rancho Cucamonga Redevelopment Agency (the "Agency") transferred to the control of the Successor Agency to the Agency (the "Successor Agency") by operation of law. B. Pursuant to Health and Safety Code Section 34191.5(b), the Successor Agency must prepare a long-range property management plan which addresses the disposition and use of the real properties of the former Agency, and which must be submitted to the Oversight Board of the Successor Agency (the "Oversight Board") and the Department of Finance (the "DOF") for approval no later than six months following the issuance by DOF to the Successor Agency of a finding of completion pursuant to Health and Safety Code Section 34179.7. C. The Successor Agency prepared and submitted to the Oversight Board an amended long- range property management plan (the "Amended LRPMP"), which Amended LRPMP addresses the disposition and use of the real property of the former Agency and includes the information required pursuant to Health and Safety Code Section 34191.5(c). D. The Amended LRPMP was approved by the DOF on January 17, 2014. E. The property that is the subject of this Resolution is described in the Amended LPRMP as property that is to be sold. F. The Successor Agency staff has negotiated a"Purchase and Sale Agreement and Escrow Instructions" ("PSA") for the sale of the property, which is more particularly described in the PSA. A copy of the proposed PSA is attached hereto as Exhibit "A". G. The PSA provides that it will not be effective unless it is approved by the Oversight Board and the DOF (or the DOF fails to request review within the time prescribed by law). NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS: Section 1. The above recitals are true and correct and are a substantive part of this Resolution. Resolution No. 14-164 — Page 1 of 3 Section 2. Subject to the approvals required from the Oversight Board and the DOF, the Successor Agency is hereby authorized and directed to affect the conveyance of the Property in accordance with this Resolution and the PSA, and connection thereto, the Executive Director of the Successor Agency is authorized to execute and deliver the PSA and all documents required thereby or necessary or convenient to facilitate the transaction therein. Section 3. The officers and staff of the Successor Agency are hereby authorized and directed,jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, and any such actions previously taken by such officers and staff are hereby ratified and confirmed. Resolution No. 14-164— Page 2 of 3 PAA§ED, APPROVED, AND ADOPTED this 2n1 day of September 2014. AYES: Alexander, Michael, Spagnolo, Steinorth, Williams NOES: None ABSENT: None ABSTAINED: None t D nnis Michael, Mayor ATTEST: dapice C. Reynolds, Ci Clerk l/ I, JANICE C. REYNOLDS, 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 2nd day of September 2014. Executed this 3`d day of September 2014, at Rancho Cucamonga, California. J, lice C. Reynolds, City Jerk Resolution No. 14-164 — Page 3 of 3