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HA Resolution 2022-004 Prop. Disposition - 52155 Villa (Avenida) to Coronel HD - Did Not Sell RESOLUTION NO. HA 2022 – 004 A RESOLUTION OF THE LA QUINTA HOUSING AUTHORITY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING AN AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTIONS BETWEEN THE LA QUINTA HOUSING AUTHORITY AND CORONEL HOMES & DESIGN INC, FOR CERTAIN VACANT PROPERTY IDENTIFIED AS ASSESSOR’S PARCEL NUMBER 773-233-019 WHEREAS, Coronel Homes & Design Inc., (“Buyer”) intends to purchase a vacant parcel identified as Assessor’s Parcel Number 773-233-019 (“Property”), and will maintain the Property in its “As-is” condition and agree to maintain the Property to City Municipal Code standards; and WHEREAS, the La Quinta Housing Authority (the “Authority”) is a public body, corporate and politic, organized and existing under the California Housing Authorities Law (California Health and Safety Code Section 34200 et seq.); and WHEREAS, pursuant to California Health and Safety Code Section 34315, the Authority has the power to sell, lease, exchange, transfer, assign, pledge, or dispose of any real or personal property or any interest in it; and WHEREAS, the Authority determined through HA Resolution No. 2017– 005 and at a special meeting on July 2, 2019 to sell the vacant parcels for market-rate housing and deposit the sale proceeds into the Low- and Moderate- Income Housing Fund; 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 Property may be disposed in compliance with the Surplus Land Act (Gov. Code, § 54220 et seq.) because the Property is less than 5,000 square feet in area, is not contiguous to land owned by a state or local agency that is used for open-space or low- and moderate-income housing purposes, and is therefore “exempt surplus land”; and WHEREAS, even if the Property were not exempt surplus land, a written notice of availability seeking offers for sale or lease of the Property for the Resolution No. HA 2022-004 Agreement for Purchase and Sale and Escrow Instructions – Coronel Home & Design Adopted: July 19, 2022 Page 2 of 4 purpose of developing low- or moderate-income housing had been sent to local public agencies as identified in the Act, and no response was received or recorded; and WHEREAS, the Authority now desires to authorize the Executive Director to authorize disposition of the Property for $115,000; and 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 La Quinta Housing Authority, as follows: SECTION 1. The foregoing recitals are true and correct and are incorporated herein by this reference. SECTION 2. The Authority 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 Authority consents to the Authority’s Executive Director and Authority’s 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 Authority. SECTION 3. The Authority’s Executive Director 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