HomeMy WebLinkAbout03-059 - Resolutions RESOLUTION NO. 03-059
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, APPROVING A PURCHASE AND
SALE AGREEMENT BY AND BETWEEN THE RANCHO
CUCAMONGA REDEVELOPMENT AGENCY AND WL HOMES,
L.L.C. AND MAKING FINDINGS RELATED THERETO.
A. RECITALS.
(1) The Rancho Cucamonga Redevelopment Agency ("Agency") is engaged in
activities necessary to execute and implement its Redevelopment Plan for
its Rancho Cucamonga Redevelopment Project Area ("Project Area").
(ii) Pursuant to Section 33433 of the California Health and Safety Code, the
Agency has prepared and reviewed, and its Council has reviewed and
considered, a summary setting forth the cost of the Purchase and Sale
Agreement to the Agency, the estimated value of the interests to be
conveyed determined under the Redevelopment Plan, the purchase price,
and the reasons such sale will assist in the elimination of blight, and made
said summary available for public inspection in accordance with the
California Community Redevelopment Law (California Health and Safety
Code Sections 33000 et seq.).
(iii) Pursuant to the provisions of the California Community Redevelopment
Law, the Agency and this Council conducted and concluded a duly noticed
joint public hearing on the proposed sale of the Site and the Purchase and
Sale Agreement on March 5, 2003.
B. RESOLUTION.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
RANCHO CUCAMONGA as follows:
1. This Council hereby finds that the facts stated in the Recitals, Part A, of the
Resolution, are true and correct.
2. This Council hereby finds and determines that the sale of the Site in
accordance with the terms and provisions of the Purchase and Sale
Agreement will assist in the elimination of blight existing in the Project Area.
3. This Council hereby finds and determines that the consideration to be paid to
the Agency pursuant to the Purchase and Sale Agreement is not less than
the fair market value at its highest and best use in accordance with the plan.
4. The Council hereby finds and determines that the Purchase and Sale
Agreement is consistent with the Agency's Implementation Plan adopted
pursuant to California Health and Safety Code Section 33490.
5, The Purchase and Sale Agreement, and all attachments thereto, by and
between this Agency and Buyer, which establishes the terms and conditions
for the Site, are hereby approved.
Resolution No. 03-059
Page 2 of 2
6. The City Clerk shall certify to the passage and adoption of this resolution and
the same shall thereupon take effect and be in force.
PASSED, APPROVED, AND ADOPTED this 5`h day of March 2003.
AYES: Alexander, Gutierrez, Kurth, Williams
NOES: None
ABSENT: Howdyshell
ABSTAINED: None
William J. Ale xap e , Mayor
ATTEST:
Kat ry L. Scoff, CMC, Deputy City Clerk
I, KATHRYN L. SCOTT, DEPUTY 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 5`h day of March 2003.
Executed this 6'h day of March 2003, at Rancho Cucamonga, California.
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Kath n L. ott, CMC, Deputy City Clerk