RDA Resolution 2000-010
RESOLUTION RA 2000-10
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING AN AGREEMENT BY AND BETWEEN
THE AGENCY AND THOMAS BUFFIN TO SELL REAL
PROPERTY LOCATED WITHIN REDEVELOPMENT PROJECT
AREA NO 1
WHEREAS, the La Ouinta Redevelopment Agency ("Agency") 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 Agency and the City Council of the
City of La Ouinta ("City" or "City Council," as applicable) previously approved and
adopted the Redevelopment Plan, as amended ("Redevelopment Plan") for Project Area
No.1 ("Project Area"); and
WHEREAS, the Agency is required pursuant to Health and Safety Code
Section 33334.2 et seq. to expend monies in its Low and Moderate Income Housing
Fund to increase, improve, and preserve affordable housing in or serving the Project
Area; and
WHEREAS, the Agency now proposes to enter into an Agreement
("Agreement") with Thomas Buffin to sell an Agency owned undeveloped lot located
at 77-224 Calle Ensenada ("Property"); and
WHEREAS, before the Agency may dispose of real property, acquired
with tax increment funds, for development the Agency and City Council must hold a
duly noticed joint Public Hearing on the proposed disposition; and
WHEREAS, notice of a joint Public Hearing of the Agency and City
Council concerning the Agreement and the proposed conveyance described in the
Agreement was given in accordance with the requirements of Health & Safety Code
Section 33433; and
WHEREAS, the Agency also timely prepared and made available for public
review a Summary Report of the proposed transaction in accordance with Health &
Safety Code Section 33433; and
WHEREAS, all action required of the Agency to be taken precedent to
review and consideration of the Agreement by the Agency have been taken in
accordance with applicable law;
Resolution RDA 2000-10
Thomas Buffin/77-225 Calle Ensenada
August 1, 2000
Page 2
NOW, THEREFORE, the La Ouinta Redevelopment Agency hereby resolves
as follows:
1. The Agency finds and determines:
A. That the sale of the Property as set forth in the Agreement, and the
terms of the Agreement, will provide housing for a moderate income
family as defined in California law.
B. That the sale of the Property as set forth in the Agreement, and the
terms of the Agreement, are consistent with the Agency's adopted
Second Five-Year Implementation Plan for Project Area No.1, adopted by
the Agency in accordance with Health and Safety Code Section 33490,
in that (i) the goals and objectives set forth in the Implementation Plan
include increasing and improving the community's supply of affordable
housing, and {ii} the sale of the Property is specifically identified as one
of the Agency's housing programs to be undertaken in the time period
covered by the Implementation Plan.
C. That the highest and best use of the Property in accordance with the
Redevelopment Plan is the sale of the Property and that the cost to be
paid to the Agency is not less than the fair market value at its highest
and best use in accordance with the Redevelopment Plan, based on the
real property appraisal dated July 31, 2000, as set forth in the Agency's
Summary Report for the Agreemenfand the transaction described in the
Agreement, prepared in accordance with Health and Safety Code Section
33433, which Summary Report, a copy of which is on file with the
Agency. Secretary, is incorporated herein by reference as though fully set
forth. .
D. That the Agency is further authorized under Health and Safety Code
Section 33449 which grants the Agency authority to sell Property in
order to provide housing for persons of low and moderate income, and
thus the Agency's expenditures to rehabilitate the Property, is necessary
and proper for the development of the Property as an affordable housing
project.
Resolution RDA 2000-101
Thomas Buffinn7-225 Calle Ensenada
August 1, 2000
Page 3
2. The Agreement, between the Agency and Thomas Buffin, a copy of which is on
file with the Agency Secretary, is hereby approved. The Agency Executive
Director and Agency Counsel are hereby authorized and directed to make final
modifications to the Agreement that are consistent with the substantive
business terms of the Agreement approved hereby, and th~(l-'9Wc;'i~E_xe,cutive
Director is authorized to thereafter sign the Agreement on~~~'a itJm:~g~ncy.
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3. The Agency Executive Director is authorized and directed, on belJe1r of::!he
Agency, to sign such other and further documents, incllKling but not limited~ to
attachments and exhibits to the Agreement whichJ.eq.uire~ the Agen.c-y's
signature, and to take such other and further actions, as may-bene:r;essarY:'and
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proper to carry out the terms of the Agreement..,.! '~"'-- "'
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5. The Agency Executive Director and the Agency Counsel and their respective
authorized designees are each individually authorized to sign escrow instructions
on behalf of the Agency in order to effect the close of escrow described in the
Agreement.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Ouinta
Redevelopment Agency held on this 19th day of September, 2000, by the following
vote, to wit:
AYES: Members Adolph, Peiia, Perkins, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
-;}j~
TERRY ENDERSON, Chair
La Ouinta Redevelopment Agency
Resolution RDA 2000-' 0
Thomas Buffin/77-225 Calle Ensenada
August 1. 2000
Page 4
ATTEST:
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J _: ~ REEK( '~~0CY Secr ary
La .Quinta'Redevelopfnent Agency
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APPROVED AS TO FORM:
M ATHERINE JEN~ON,
La Ouinta Redevelop