HomeMy WebLinkAbout08-056 - Resolutions RESOLUTION NO. 08-056
A RESOLUTION OF THE CITY COUNCIL OF RANCHO
CUCAMONGA, CALIFORNIA, APPROVING THE SALE OF
CERTAIN REAL PROPERTY GENERALLY LOCATED ON THE
NORTH SIDE OF FOOTHILL BOULEVARD BETWEEN CENTER
AVENUE AND HERMOSA AVENUE ("PROPERTY"), IN THE
CITY OF RANCHO CUCAMONGA, APPROVING THE
EXECUTION OF THE DISPOSITION AND DEVELOPMENT
AGREEMENT, 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 et seq), 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 for
occupancy by low and moderate income persons.
(iii) The Rancho Cucamonga Redevelopment Agency is the owner of certain
real property generally located on the north side of Foothill Boulevard
between Center Avenue and Hermosa Avenue, in the City of Rancho
Cucamonga ("Property" hereinafter).
(iv) The Rancho Cucamonga Redevelopment Agency has received a proposal
to purchase the Property from Rancho Workforce Housing, L.P., a limited
partnership, for the purpose of developing approximately 166 units of rental
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 5,
2008, 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 findings set forth hereafter.
(vii) All legal preconditions to the adoption of this Resolution have occurred as
required by law.
Resolution No. 08-056
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 as described in the DDA will be of benefit to the Agency's Rancho
Redevelopment Project Area.
3. The City Council hereby specifically finds and determines that the sale of the
Property pursuant to the DDA will assist in the elimination of blight within the
Rancho Redevelopment Project Area by providing affordable housing for
persons of low and moderate income and by serving as a catalyst for further
revitalization of the Foothill Specific Plan west of Haven Avenue.
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 Rancho Workforce Housing, L.P., 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.
Please see the following page
for formal adoption,certification and signatures
Resolution No. 08-056
Page 3 of 3
PASSED, APPROVED, AND ADOPTED this 51" day of March 2008.
AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
a�V —
Donald J. Kurth, , Mayor
ATTEST:
LO." L�'A 'Qqf) j
Debra J. Adams, C, Cdy Clerk
1, 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 5`" day of March 2008.
Executed this 6`" day of March 2008, at Rancho Cucamonga, California.
101'1U4 L a-4�4
Deb a J. Adam C C, City Clerk