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HomeMy WebLinkAbout2020-113 - Resolution RESOLUTION NO. 2020-113 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE AGREEMENTS FOR REAL ESTATE LISTING AND BROKER SERVICES INVOLVING THE PURCHASE OR SALE OF REAL PROPERTY A. Recitals. 1. The City of Rancho Cucamonga ("City")from time to time purchases real estate for the development of City facilities, economic development opportunities, and other public purposes. The City also sells real property for economic development and other public purposes or when such real property is no longer needed and declared surplus. 2. The City Council believes that effective management of the City's real estate portfolio requires timely action by City staff when listing property or engaging real estate brokers in order to respond to market conditions. In certain cases, it is in the best interest of the City to do so before the City Council can authorize the listing or broker engagement before its next regularly scheduled meeting. 3. Therefore, the City Council finds that it is in the best interest of the City to authorize the City Manager to execute any listing agreement or any agreement for broker services involving a City sale or purchase of real property, as set forth in this Resolution.. 4. Rancho Cucamonga Municipal Code Section 2.08.190 authorizes the City Council, by resolution, to delegate duties and powers to the City Manager as it deems appropriate. 5. All legal prerequisites to the adoption of this Resolution have occurred. B. Resolution. NOW, THEREFORE, the City Council of the City of Rancho Cucamonga hereby resolves as follows: Section 1. The facts set forth in the Recitals, Part A of this Resolution, are true and correct. Section 2. The City Manager is hereby authorized to negotiate and execute in the name of the City of Rancho Cucamonga all agreements, amendments, and other necessary documents in connection with any listing or broker services involving the sale or purchase of real property by the City of Rancho Cucamonga. The foregoing authority shall not be construed to authorize the City Manager to execute any agreement to consummate the sale or purchase of real property without the City Council's prior consent. Resolution No. 2020-113 - Page 1 of 2 Section 3. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED, and ADOPTED this 4t' day of November 2020. &-bennis Michael, MaW ATTEST: 44nice C. Reynolds, City Clerk STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO ss CITY OF RANCHO CUCAMONGA 1, Janice C. Reynolds, City Clerk of the City of Rancho Cucamonga, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, at a Regular Meeting of said Council held on the 4 th day of November 2020. AYES: Hutchison, Kennedy, Michael, Scott, Spagnolo NOES: None ABSENT: None ABSTAINED: None Executed this 5 th day of November, 2020, at Rancho Cucamonga, California. *nice C. Reynolds, City Clerk Resolution No. 2020-113 - Page 2 of 2