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HomeMy WebLinkAboutResolution - 95 - 15 RESOLUTION NO. 95-15 A RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF SAN JACINTO AUTHORIZING THE SAN JACINTO REDEVELOPMENT AGENCY TO CONVEY REAL PROPERTY WITHIN THE SAN JACINTO REDEVELOPMENT PROJECT WHEREAS, the San Jacinto Redevelopment Agency (the "Agency") wishes to encourage the construction of housing for low and moderate income households; and, WHEREAS, the San Jacinto Redevelopment Agency owns an approximately 20,000 square foot lot on Brown Street (the Subject Property) within the Brown and Second Streets Model Neighborhood suitable for the construction of such housing. WHEREAS, the Agency proposes to convey the Subject Property to Habitat for Humanity, Hemet/San Jacinto, Inc., (the Developer) per an approved Disposition and Development Agreement between the Agency and the Developer to provide for the construction of affordable housing; and WHEREAS, California Community Redevelopment Law requires the preparation of a report documenting the necessity of the Agency to convey the Subject Property, which was originally purchased using tax increment monies, to the Developer; and WHEREAS, the City Council of the City of San Jacinto must approve the conveyance by the Agency, pursuant to Section 33433 of the Health & Safety Code, and WHEREAS, a public hearing, duly published and noticed, was held on March 21, 1995, at which time evidence was received and objections, if any, considered. NOW, THEREFORE, IT IS HEREBY RESOLVED by the San Jacinto City Council as follows: Section 1. The City Council of the City of San Jacinto does hereby approve the sale of the within described property in accordance with the terms and conditions stated within the Disposition and Development Agreement, which is concurrently and hereby approved for adoption by the Agency. Section 2. The City Council hereby finds as true, the content and representations of the report of the Agency's Director of Community Development, a copy of which is attached hereto. In furtherance thereof, the Council specifically makes the following findings: a. The conveyance of the within described property as proposed in the DDA will assist in the elimination of blight. b. The consideration for the sale is not less than the fair market value of the Property at the use and with the covenants and conditions and development costs authorized by the sale and the Disposition and Development Agreement. MOVED, PASSED AND ADOPTED this 21st day of March, 1995, upon the following vote: AYES: Councilmembers Leahy, Oaks, Solorio, Williams and Haflige: NOES: None ABSENT: None ABSTAIN: None Mayor Pro Tem ATTEST: City Clerk 011 D put y� ity Clerkk H:\t1m\reso\31otconv.res