HomeMy WebLinkAboutResolution - 2201 RESOLUTION NO. 2201
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
approximately 1. 75 acres on Brown Street (the Subject
Property) within the Brown & 2nd Streets Model Neighborhood
suitable for the construction of such housing.
WHEREAS, the Agency proposes to convey the Subject Property
to A.A. Chamberlain & Associates, 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 May 10, 1994 , 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 Housing
Director, a copy of which is attached hereto. In furtherance
thereof, the Council specifically makes the following findings;
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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 loth day of May, 1994 , upon
the following vote:
AYES: Councilmembers Leahy, Solorio, Mayor Hafliger
NOES: None
ABSTAIN: None
ABSENT: Councilmember Williams
t
° r
Mayor
ATTEST:
City Clerk
By:
Deputy City Clem
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