CC Resolution 2014-008RESOLUTION NO. 2014-008
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA APPROVING AN AGREEMENT FOR
PURCHASE AND SALE AND ESCROW INSTRUCTIONS
BETWEEN THE CITY OF LA QUINTA AND MALIA
MONROE FOR THE SALE OF CITY PROPERTY LOCATED
IN THE LA QUINTA VILLAGE AT 51351 AVENIDA
BERMUDAS
WHEREAS, the City of La Quinta ( "City ") desires to see high quality and
vibrant and economically healthy commercial activity in the La Quinta Village that
includes a mix of office, retail, and restaurant uses; and
WHEREAS, such development will generate additional commerce and provide
as well as promote development in accordance with the goals, policies and
programs of the La Quinta General Plan; and
WHEREAS,. City staff has negotiated an Agreement for Purchase and Sale
and Escrow Instructions ( "Agreement ") with Malia Monroe ( "Malia ") ( "Exhibit A"
attached), pursuant to which the City has agreed to sell to Malia certain real
property located in the La Quinta Village at 51351 Avenida Bermudas, comprising
of approximately 10,380 square feet, in the amount of $12.50 per square foot,
pursuant to the terms and conditions set forth in the Agreement.
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.
SECTION 2. That the City Council of the City of La Quinta hereby finds and
determines that the sale of said property is in the best interests of the citizens of
the City of La Quinta. -
SECTION 3. The Agreement, a copy of which is on file with :the City Clerk, is
hereby approved. The City Council authorizes and directs the City Manager and
City Attorney to make any final modifications to the Agreement that are consistent
with the substantive terms of the Agreement approved hereby, and to thereafter
sign the Agreement on behalf of the City.
SECTION 4. The City Council authorizes and directs the City Manager to (i) sign
such other and further documents, including but not limited to escrow instructions,
City Council Resolution 2014-008
Purchase and Sale Agreement — Malia Monroe
51351 Avenida Bermudas
Adopted: March 4, 2014
Page 2
and (ii) take such other and further actions, as may be necessary and proper to
carry out the terms of the Agreement.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City
Council of the City of La Quinta held this 4th day of March 2014, by the following
vote:
AYES:Councilmembers Evans, Franklin, Henderson, Osborne, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
DON ADOLPtW, M yo
City of La Quinta, aaornia
ATTEST:
SUSAN MAYSELS, i y Clerk
City of La Quinta, California
(CITY SEAL)
APPROVED AS-TO FORM:
WILLIAM H. IHRKE, RUTAN & TUCKER, LLP
City Attorney's Office
City of La Quinta, California