RDA Resolution 2007-003
RESOLUTION NO. RA 2007-003
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING AN AGREEMENT FOR PURCHASE
AND SALE AND ESCROW INSTRUCTIONS BY AND
BETWEEN THE AGENCY AND LOUIS RAMIREZ AND
JUANITA RAMIREZ, TRUSTEES OF THE RAMIREZ
FAMILY TRUST, DATED JULY 7, 1999 FOR THE
AGENCY'S PURCHASE OF REAL PROPERTY FOR
AFFORDABLE HOUSING PURPOSES AND ALLOCATING
$900,000 TO FUND THE ACQUISITION, RELOCATION,
AND DEMOLITION
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 City approved a Relocation Plan for this and other
properties on February 20, 2007; and
WHEREAS, the Agency staff has negotiated an Agreement for
Purchase and Sale and Escrow Instructions ("Agreement") with Louis Ramirez and
Juanita Ramirez, Trustees of The Ramirez Family Trust, dated July 7,
1999("Seller"), f('r the Agency's purchase of real property located at 46-176 Dune
Palms Road (APN 600-030-008), (the "Property"), for Eight Hundred and Nineteen
Thousand Dollars ($819,000); and
WHEREAS, the residents of the Property are entitled to relocation
assistance in the amount of approximately $60,000 pursuant to the California
Relocation Assistance Act (Govt. Code section 7260 et seq.); and
WHEREAS, upon vacation demolition of the existing structures will
cost approximately $21,000; and
Resolution No. RA 2007-003
Purchase and Sale Agreement
Louis and Juanita Ramirez
Adopted: March 20. 2007
Page 2
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 incorporated
herein.
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
Agreement 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.
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 expenditure of $900,000 to close the
transaction contemplated by the Purchase Agreement, provide relocation benefits
anc demolish and clear the site from the Available Unreserved Fund Balances in
Low and Moderate Income Fund Project Area 2 (Account #246-0000-290-00-00).
. PASSED, APPROVED, and ADOPTED at a regular meeting of the La
Quinta Redevelopment Agency held this 20th day of March, 2007, by the following
vote:
AYES: Board Members Adolph, Henderson, Kirk, Sniff, Chairman Osborne
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. RA 2007-003
Purchase and Sale Agreement
Louis and Juanita Ramirez
Adoptad: March 20. 2007
Page 3
ATTEST:
La Quinta R
(SEAL)
APPROVED AS TO FORM:
l1iil~ N, Ag~"n'"
La Quinta Redevelo ent Agency