CC Resolution 2000-123 RESOLUTION NO. 2000-123
A RESOLUTION OF THE CITY COUNCIL OF THE LA
QUINTA, CALIFORNIA APPROVING AN AGREEMENT BY
AND BETWEEN THE AGENCY AND THOMAS BUFFIN TO
SELL REAL PROPERTY LOCATED WITHIN
REDEVELOPMENT PROJECT AREA NO I
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 § 33000 et seq.) ("CRL"); and
WHEREAS, pursuant to the CRL, the Agency and the City Council of the
City of La Quinta ("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 No. 2000-123
Thomas Buffin-Calle Ensenada
September 19, 2000
Page 2
NOW, THEREFORE, the City Council of the City of La Quinta, California
hereby resolves as follows:
1. The City Council 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 Agreement and 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 No. 2000-123
Thomas Buffin-Calle Ensenada
September 19, 2000
Page 3
2. The Agreement, between the Agency and Thomas Buffin, a copy of which is on
file with the City Clerk, is hereby approved.
PASSED, APPROVED and ADOPTED at a regular meeting of the City
Council of the City of La Quinta, California held on this 19th day of September, 2000,
by the following vote, to wit:
AYES: Council Members Adolph, Henderson, Perkins, Sniff, Mayor Pe~a
NOES: None
ABSENT: None
ABSTAIN: None
JO~A,~~y~~r'~'
City of La Quinta, California
ATTEST:
City of La Quinta, California
(City Seal)
APPROVED AS TO FORM:
M. KATH'E~IN~E JENS~e~"
City of La Quinta, California