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CC Resolution 2003-038 RESOLUTION NO. 2003-038 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA APPROVING AN AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY LOCATED ALONG THE EAST LINE OF AVENIDA MONTEZUMA (APNs 773-245-002, 774-020-003, AND 773-311-027), CITY OF LA QUINTA, CALIFORNIA BY AND BETWEEN THE CITY AND WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO- CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTNERSHIP, AS TO AN UNDIVIDED 50% INTEREST WHEREAS, the City has entered into, or is about to enter into, that certain Agreement for Purchase and Sale of Real Property Located Along the East Line of Avenida Montezuma (APNs 773-245-002, 774-020-003, and 773-311-027), City of La Quinta, California (the "Agreement"), with William D. Calkins and Lynn R. --- Kunkle, co-conservators of the Estate of Charles Brian Murphy, as to an undivided 25% interest; Lynn R. Kunkle, an unmarried man, as to an undivided 25% interest; and AM Partnership, a California general partnership, as to an undivided 50% interest (collectively, 'Seller"), pursuant to which the City has agreed to purchase certain real property located within the Project Area (the "Property") from Seller, for the purchase price of Two Hundred Ninety Thousand Dollars ($290,000) (the "Purchase Price"). City intends to develop and maintain the Property as a public park (the "Park"); and WHEREAS, on the 6th day of May, 2003, the La Quinta City Council (the "City Council") approved the 2003-2004 Economic Development Plan which includes implementation policies supporting enhancement of recreational opportunities; and WHEREAS, the City's purchase of the Property for the subsequent development of the Park would be consistent with the 2003-2004 Economic Development Plan, in that the Park would be a recreational facility. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA QUINTA AS FOLLOWS: SECTION 1. That the above recitals are true and correct and incorporated herein. Resolution No. 2003-038 Sale Agreement - Montezuma Park Adopted: June 17, 2003 Page 2 SECTION 2. That the City Council hereby approves the Agreement and authorizes the City Manager to execute the Agreement with any such minor changes as he or she may approve after consultation with the City Attorney. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 17th day of June, 2003, by the following vote: AYES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None ~}'kJ ~ DON 'AD(~LPH, ~layor City of La Quinta, California ATTEST. JU~_ SJ. GREEK, CIVICS, City Clerk City of La Quinta, California (CITY SEAL) APPROVED AS TO FORM' M. KATHER~E~JENSON~y City of La Quinta, California