RDA Resolution 2007-008
RESOLUTION NO. RA 2007-008
A IRESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING CONVEYANCE OF REAL
PROPERTY TO MICHAEL FISCHER, TRUSTEE OF THE
FISCHER FAMILY TRUST, PURSUANT TO A LOT LINE
ADJUSTMENT
WHEREAS, the La Quinta Redevelopment Agency (UAgency") is a
public body, corporate and politic, organized and existing under the California
Community Redevelopment Law ("Health & Safety Code ~ 33000 et seq.) ("CRL");
and
WHEREAS, pursuant to the CRL, the City Council of the City of La
Quinta (UCityU or UCity Council, U as applicable) approved and adopted the
Redevelopment Plan ("Redevelopment Plan") for Project Area No. 2 ("Project
Area"), on May 16, 1989, by Ordinance No. 139; and
WHEREAS, the Agency owns land located at 77-885 Avenida
Montezuma; and
WHEREAS, the parties desire to effect a lot line adjustment to convey
200 feet of the above-referenced land along the Agency's property line from the
Agency to Michael A. Fischer, Trustee of The Fischer Family Trust (the "Fischer
Trust"); and
WHEREAS, the Agency has incurred expenses in preparing necessary
conveyance documents relating to this transaction and Fischer has reimbursed to
the Agency the sum of $500 for the purpose of preparing several documents
necessary to eff,ect the conveyance; and
WHEREAS, the Agency has considered all the information and
evidence presented by the Agency staff; and
WHEREAS, the Agency hereby determines that the Agency's
conveyance of the property is necessary to effectuate the purposes of the adopted
Redevelopment Plan;
NOW, THEREFORE, BE IT RESOLVED BY THE LA QUINTA
REDEVELOPMENT AGENCY AS FOLLOWS:
1. That the above recitals are true and correct and incorporated herein.
2. That the L.a Quinta Redevelopment Agency hereby resolves as follows:
Resolution No. RA 2007-008
Conveyance - Michael A. Fischer
Lot Une Adjustment 2000-328
Adopted: August 7. 2007
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a. The Agency finds and determines that the conveyance of this property
effectuates the purposes of the Community Redevelopment Law
(Health & Safety Code ~ 33000 et seq.) and of the Redevelopment
Plan and is in the best interests of the citizens of the City of La Quinta.
b. The consideration paid by Fischer is not less than the fair market value
of the Property at its highest and best use in accordance with the
Redevelopment Plan.
3. The actions taken by staff to date are hereby approved. The Agency
Executive Director is authorized and directed, on behalf of the Agency, to (i)
sign such other and further documents that require the Agency's signature,
and {ii} take such other and further actions, as may be necessary and
properly carry out the terms of the Agreement.
PASSED, APPROVED, and ADOPTED at a regular meeting of the La
Quinta Redevelopment Agency held this 7th day of August, 2007, by the following
vote:
AYES: Board Members Henderson, Kirk, Sniff, Chairman Osborne
NOES: None
ABSENT: Board Member Adolph
ABSTAIN: None
ATTEST:
VERONICA J ONTECINO, CMC, Secretary
La Quints edevelopment Agency
Resolution No. RA 2007.008
Conveyance - Michael A. Fischer
Lot Line Adjustment 2000-328
Adopted: August 7. 2007
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APPROVED AS ro FORM:
/~ tJ/'-"
M. KATHERINE .IENS gency Counsel
La Quinta Redev,elopment Agency