RDA Resolution 2010-001RESOLUTION NO. RA 2010 - 001
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING AN AGREEMENT FOR PURCHASE
AND SALE AND ESCROW INSTRUCTIONS BY AND
BETWEEN THE AGENCY AND JOSE AND CARMELITA
SIMO, FOR THE AGENCY'S PURCHASE OF REAL
PROPERTY FOR AFFORDABLE HOUSING PURPOSES
AND APPROPRIATING AND ALLOCATING 5300,000 TO
FUND THE ACQUISITION
WHEREAS, the La Quinta Redevelopment Agency ("Agency") is a public
body, corporate and politic, organized and existing under the California Community
Redevelopment Law (Health & Safety Code Section 33000, et seq.) ("CRL"); and
WHEREAS, pursuant to the CRL, the City Council of the City of La Quinta
("City" or "City Council," 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, a fundamental purpose of the CRL is to expand the supply of
low- and moderate-income housing (Health & Saf. Code, § 33071); and
WHEREAS, the Agency staff has negotiated an Agreement for Purchase and
Sale and Escrow Instructions ("Agreement") with Jose and Carmelita Simo
(collectively, "Seller"), for the Agency's purchase of 0.90 acres of vacant and
unimproved real property generally located on the south side of Westward Ho Drive
east of Dune Palms Road identified as APN 600-030-005 (the "Property"), for Two
Hundred and Ninety-Five Thousand Dollars (5295,000); and
WHEREAS, the Agreement is in accordance with the Redevelopment Plan
and is of benefit to the Project Area and the City of La Quinta.
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Redevelopment
Agency as follows:
Section 1. That the above recitals are true and correct and incorporatec'rherein,
Section 2. The Agreement, 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 Agreerent that
are consistent with the substantive terms of the Agreement approved hereby, and
the Agency Executive Director is authorized to thereafter sign the~Agreement on
behalf of the Agency.
Resolution No. RA 2010-00~ 1
Purchase & Sale Agreement with Simo
Vacant Land on Westward Ho Drive, APN 600-030-005
Adopted: January 19, 2010
Page 2
Section 3. The Agency Executive Director is authorized and directed, on behalf of
the Agency, to (i) sign such other and further documents, including but not limited
to escrow instructions that require the Agency's signature, and (ii) take such other
and further actions, as may be necessary and proper to carry out the terms of the
Agreement.
Section 4. The Agency authorizes the appropriation and expenditure of 5300,000
to close the transaction contemplated by the Purchase Agreement from the
Available Unreserved Fund Balances in Low- and Moderate-Income Fund Project
Area 2 (Account No. 246-0000-290-00-00).
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held this 19`h day of January, 2010, by the following vote:
AYES: Agency Members Adolph, Franklin, Henderson, Sniff, Chair Evans
NOES: None
ABSENT: None
ABSTAIN: None
~-.
Linda Evans, Agency Chairperson
City of La Quinta, California
ATTEST:
~lERQNICA 9,IgfONTECINO, Agency Secretary
City,ot_La Q~ ta, California
~..~;. -~
Resolution No. RA 2010-OqY
Purchase & Sale Agreement with Simo
Vacant Land on Westward Ho Drive, APN 600-030-005
Adopted: January 19, 2010
Page 3
APPROVED AS TO FORM:
M."KATHERINE JEN~"~dN, Agency Counsel
City of La Quinta, C lfornia
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