RDA Resolution 2000-11
RESOLUTION RA 2000-11
A RESOLUTION OF THE LA QUlNTA REDEVELOPMENT
AGENCY APPROVING AN AGREEMENT BY AND BETWEEN
THE REDEVELOPMENT AGENCY AND JUAN AND
ADRIANA MUNOZ TO SELL REAL PROPERTY LOCATED
WITHIN REDEVELOPMENT PROJECT AREA NO 1
WHEREAS, the La Ouinta 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 Ouinta ("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 Juan and Adriana Munoz to sell an Agency owned single family
house located at 53-125 Avenida Rubio ("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 RA 2000-11
Juan & Adriana Munoz/53-125 Rubio
September 19, 2000
Page 2
NOW, THEREFORE, the Redevelopment Agency of the City of La Ouinta,
California hereby resolves as follows:
1. The Agency 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 for Plan 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 (ij) 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 house 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 August 17, 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 improve 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 RA 2000-11
Juan & Adriana Munoz/53-125 Rubio
September 19, 2000
Page 3
2. The Agreement, between the Agency and Juan and Adriana Munoz, a copy of
which is 011 file with the Agency Secretary, is hereby approved. The Agency
Executive Director and Agency Counsel are hereby authorized a.n<:! directed to
make final modifications to the Agreement that are ~siSterit:-With the
substantive business terms of the Agreement approved tHi~~r;dlh8'A'gency
Executive Director is authorized to thereafter sign the AWeeA'illnt oi1"O.~tiaJf of
the Agency. .::: / / '/S' -::.
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3. The Agency Executive Director is authorized and dir6j;ted, 'On b~half of the
Agency, to sign such other and further documents, including..ou~l.-1imited to
/- ~ . /.
attachments and exhibits to the Agreement which req(tf~ne/fl.gency's
signature, and to take such other and further actions, as may be'n-ecessary and
property to carry out the terms of the Agreement.
4. The Agency Executive Director and the Agency Counsel and their respective
authorized designees are each individually authorized to sign escrow instructions
on behalf of the Agency in order to effect the close of escrow described in
Agreement.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Ouinta
Redevelopment Agency held on this 19th day of September, 2000, by the following
vote, to wit:
AYES: Members Adolph, Peiia, Perkins, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
~
TERRY ENDERSON, Chair
La Ouinta Redevelopment Agency
Resolution RA 2000-11
Juan & Adriana Munoz/53-125 Rubio
September 19. 2000
Page 4
ATTEST:
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APPROVED AS TO FORM:
ER NE JENS N, Agency Counsel
ta Redevelopment Agency
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