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CC Resolution 2019-042 Sheppard Trust Property Sale APN: 777-174-001RESOLUTION NO. 2019 - 042 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING AN AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTIONS BETWEEN THE CITY OF LA QUINTA AND MICHAEL P. SHEPPARD AND KAREN M. SHEPPARD DECLARATION OF TRUST FOR CERTAIN VACANT PROPERTY IDENTIFIED AS ASSESSOR’S PARCEL NUMBER (APN) 777- 174-001 WHEREAS, on October 21, 1991, the City Council adopted Resolution No. 1995-075, approving the acquisition of certain real property described as Lot 190, Desert Club Tract Unit No. 5, APN 769-041-001 (A11)), from Mr. and Mrs. Irwin, ad Mr. Bateman, approximately 11,000 square feet, for a total cost of $60,000; and WHEREAS, on December 3, 1991, the City of La Quinta (the “City”), a California municipal corporation, took ownership of the property and recorded DOC # 418555 with the County of Riverside; and WHEREAS, approximately 1,000 square feet of the acquired land was used to facilitate the construction of a frontage road parallel to Washington Street, between Avenida La Fonda and Avenida Nuestra, named Calle Tamazula; and WHEREAS, Michael P. Sheppard and Karen M. Sheppard Declaration of Trust (“Buyer”) intend to purchase a vacant parcel identified as APN 777-174- 001 (“Property”), located at the corner of Avenida La Fonda and Calle Tamazula, and will maintain the Property in it’s “As-is” condition to preserve the mountain views from their adjacent residence, and agree to maintain the Property to City Municipal Code standards; and WHEREAS, the City wishes to sell the Property to the Buyer; and WHEREAS, there is an appraisal of the current fair market value of comparable properties indicating that the negotiated purchase price reflects the current fair market value thereof; and WHEREAS, the City now desires to authorize the City Manager to authorize disposition of the Property for $135,000; and Resolution No. 2019 - 042 La Fonda/Calle Tamazula - Agreement for Purchase and Sale and Escrow Instructions – Sheppard Trust Adopted: October 1, 2019 Page 2 of 3 WHEREAS, the purchase and sale of the Property is subject to a Purchase and Sale Agreement, attached to the staff report for this Resolution, and on file with the City Clerk’s Office, and incorporated herein by reference; and WHEREAS, this Resolution has been reviewed with respect to applicability of the California Environmental Quality Act (“CEQA”), the State CEQA Guidelines (California Code of Regulations, Title 14, Sections 15000 et seq., hereafter the “State CEQA Guidelines”), and the City’s environmental guidelines; and WHEREAS, pursuant to Section 15301 of the State CEQA Guidelines, the transfer of the Property is exempt from environmental review under CEQA because the transfer will result in a continuation of the existing use for development of single-family homes and is therefore exempt from environmental review; and WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, as follows: SECTION 1. The foregoing recitals are true and correct and are incorporated herein by this reference. SECTION 2. The City hereby approves the Purchase and Sale Agreement, attached to the staff report for this Resolution and on file with the City Clerk’s Office. The City consents to the City Manager and City Legal Counsel making any final modifications to the Agreement that are consistent with the substantive terms of the Agreement approved hereby, and to thereafter sign the Agreement and transfer the property pursuant to a Grant Deed on behalf of the City. SECTION 3. The City Manager is authorized to effectuate the conveyances described in Section 2, at such time as the conveyances is effectuated, and to take such other and further actions, and execute such other and further documents, as are necessary and proper in order to implement this Resolution on behalf of the City. SECTION 4. The City Clerk shall certify to the adoption of this Resolution. Resolution No. 2019 - 042 La Fonda/Calle Tamazula - Agreement for Purchase and Sale and Escrow Instructions - Sheppard Trust Adopted: October 1, 2019 Page 3 of 3 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held this pt day of October, 2019, by the following vote: AYES: Council Members Fitzpatrick, Pena, Radi, Sanchez, Mayor Evans NOES: None ABSENT: None ABSTAIN: None ATTEST: (CITY SEAL) APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California ��✓� lINAEVANs, Mayor City of La Quinta, California