CC Resolution 1991-095^#@6 II
RESOLUTION NO. 91-95
RESQLUTION OF THE CITY COUNCIL OF THE CITY OF LA
QUINTA APPROVING THE ACQUISITION OF CERTAIN REAL
PROPERTY AND DETERMINING THAT THE USE OF THE
PROPERTY FOR PUBLIC IMPROVEMENTS IS OF PUBLIC
BENEFIT TO THE REDEVELOPMENT PROJECT AND THE
IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS
LOCATED AND DETERMINING THAT THERE ARE NO OTHER
REASONABLE MEANS OF FINANCING SAID PUBLIC
IMPROVEMENTS
WHEREAS, the City of La Quinta the City") desires to
purchase real property described in the attached Escrow
Instructions Exhibit A') the Agreement'*) in order to
complete a street flood control and improvement project which
will be of benefit to the La Quinta Redevelopment Project Area
No, 1 and the immediate neighborhood in which the Project is
located; and
WHEREAS, the City wishes to accept funds from the La Quinta
Redevelopment Agency the Agency") for the acquisition of the
subject property; and
WHEREAS, the Redevelopment Plan for Project Area No. 1
authorizes and directs the Agency to pay all or part of the
value of the acquisition and construction of public
improvements, which are enumerated in materials referenced in
the Redevelopment Plan and which includes street improvements;
and
WHEREAS, California Health and Safety Code Section 33445
provides that the Agency may, with the consent of the
legislative body, pay all or part of the value of public
buildings, facilities, structures or other improvements upon a
finding that such public improvements are of benefit to the
Project Area or the immediate neighborhood in which the Project
is located and that there is no other reasonable means of
financing such public improvements available for the community;
and
NOW, THEREFORE, the City Council of the City of La Quinta
does hereby find, determine, order and resolve as follows:
Section 1. The City shall use funds provided by the Agency
for the acquisition of the subject property.
Section 2. The approval of the Agreement for the
acquisition of the property is exempt from CEQA pursuant to
Section 15061(b)(3) of the State CEQA Guidelines.
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^#@6 Section 3. Pursuant to Health and Safety Code
Section 33445: i) the proposed street improvements for which
the property is being acquired are of benefit to the Project
Area and the neighborhood in which such improvements are to be
situated; and ii) no other reasonable means of financing the
improvements are available to the City.
Section 4. The City finds and determines based upon the
analysis presented with respect to the value of the property,
that the purchase price set forth in the Agreement to be paid
by the Agency is a fair market value for the subject property.
Section 5. The City hereby approves the acquisition of the
subject property and authorizes and directs the Mayor to
execute all necessary documents in order to acquire said
property.
PASSED, APPROVED and ADOPTED this 3rd day of
December 1991.
AYES: Council Members Bohnenberger, Franklin, Rushvorth,
Sniff, and Mayor Pena
NOES: None
ABSENT: None
ABSTAIN: None
ATT*T:*
11/25/91
* /nnn 2-
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^#@6 I
EXHIBIT A"
REALCO CONSULTANMTSemOrandUm
November is, 1991
To: Mr, Frank R. Reynolds
Director of Public Works/City Engineer
City of La Quinta
78-105 Calle Estado
P.O. Box 1504
La Quinta. CA 92253 REALCO No. 91-11
From: R. C. Floyd
REALCO CONSULTAN Tm
Subject: Washington Street widening
Lots 1-4, Blk. 19 Desert Club Tract Unit No. 2,
M.B. 20, page 6, Riv, County
APNs 769-117-001, 002, 0039 and 004
Wiliam Doyle, et ux., owners
Enclosed is the executed original written counter) offer to
sell the subject lo*s to the City for a cash consideration OT
$88,000.00, together with the original executed and notarized
grant deed covering the subject lots.
The executed counter) offer is basically self-explanatory, and,
as indicated, the cash consideration is to be a viet payuent to
the sellers they are not to be responsible for any costs
incidental to the transaction9 including any deduction *or
payment of prorated property taxes from July 1 to the date of
deed recordation.
During my telephone conversation with Mr. and Mrs. Doyle's agent
and daughter, Kelly Doyle, last Saturday, it was understood that
they would authorize payment of the prorated taxes from the
purchase proceeds. However, when I met with them yesterday, they
specifically rejected the tax responsibility and stated that the
settlement Dust result in an absolute net payment to them in the
amount of $88,000.00. In reviewing the counter) offer, you will
note that they have deleted the typed provision for tax prora-
tion. This means that if the transaction is approved by the City
Council, the City will be responsible for payment of the prorated
taxes from and including July 1 to the date of deed recordation.
Based upon available tax information. I estimate the total a'Dount
to be $207.00, calculated to November 30. The exact amount will
not be available until the Assessor and Tax Collector have cal-
culated the proration following deed recordation and notified us.
If the offer is accepted, please attach a certificate of accep-
tance to the deed and return the deed to REALCO CONSULTANTS for
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^#@6Mr. Frank R. Reynolds
Memorandum
Novetriber 18. 1991
Page *
coordinated title COmP8flY recording and issuance of a title In-
surance policy. Please do not record.
Upon acceptance of the offer1 It Is also recommended that a check
for payment of the net purchase price be immediately prepared, as
follows:
Amount: $88,000.00
Payecs: William Doyle and Helen B. Doyle
Address: 41 Washington Street
Marina Del Rey, CA 90292
Soc. Sec. f: 471-18-6093 William)
The prepared check should not be transuitted to the sellers
until I have subsequently furnished you verbal advice that the
grant deed has been recorded and that the City's title to the
subject lot is guaranteed.
In reviewing the counter) offer, you will also note that, upon
Its acceptance by the City, the City Is also granted Immediate
possession of the lots in order to proceed with street construc-
tion, pending closing of the transaction,
RCF:fd
End 5.
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