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HomeMy WebLinkAboutResolution - 3905uucu01yn r_nvaivpe iu: ov040urr-15wv-+ava-avt,v-VaHch[Mf-[Utt5 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE) ss CITY OF SAN JACINTO ) RESOLUTION NO. 3905 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, CALIFORNIA, AUTHORIZING THE EXECUTION AND DELIVERY OF A PURCHASE AND SALE AGREEMENT FOR THE ACQUISITION OF 163 E. MAIN ST., SAN JACINTO, CA 92583 PURSUANT TO GOVERNMENT CODE SECTION 52200 ET SEQ. WHEREAS, pursuant to Government Code section 52200 et seq., the City of San Jacinto ("City") is authorized to acquire property that will create an economic opportunity in the City; and WHEREAS, the acquisition of 163 E. Main St., San Jacinto, CA 92583 (the "Property") would assist in the creation of an economic opportunity in the City through increased property tax revenues of greater than 15% and increased job opportunities that will result in the retention or creation of at least one full-time equivalent permanent position per $35,000 of City investment; and WHEREAS, the City in turn proposes to acquire the Property from its current owners, Rudolph O. Montano and Virginia P. Montano, Trustees of The Montano Revocable Living Trust, LLC (the "Seller"), pursuant to a Purchase and Sale Agreement and Joint Escrow Instructions by and between the City and the Seller (the "Acquisition Agreement"); and WHEREAS, the City has satisfied all procedural requirements of Government Code section 52200 et seq., including the issuance of a summary report regarding the proposed Purchase and Sale Agreement for the acquisition of the "Property" and a public hearing on the approval of the proposed Acquisition Agreement. NOW, THEREFORE, the City Council of the City of San Jacinto hereby finds, determines, and resolves as follows: SECTION 1. The recitals set forth above are true and correct and are incorporated into this resolution by this reference. SECTION 2. The Acquisition Agreement of the property in the amount of $110,000 plus closing costs is hereby approved. The City Manager is directed and authorized to take all measures necessary to complete the acquisition and enable the closing of escrow. 1 24438.00723\34862900. I uocuoign tnveiope iu: ouo4uuri-esruu-4aub-auuu-uaHt:Afbriutu SECTION 3. The officers, employees and agents of the City are hereby authorized and directed to take all actions and do all things which they, or any of them, may deem necessary or desirable to accomplish the purposes of this Resolution and not inconsistent with the provisions hereof. SECTION 4. This Resolution shall be effective as of the date of adoption. The City Clerk shall certify the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 1st day of March, 2022. AYES: Ayala, Health, Hawkins, Ruiz NAYS: None ABSENT: Ledezma ABSTAIN: None CITY OF SAN JACINTO fiat r�'� Crystal Ruiz, Mayor ATTEST: Julia Espinoza, Deputy City Clerk APPROVED AS TO FORM: BEST, BEST & KRIEGER LLP Michael J. Maurer, City Attorney 2 24438.00723\34862900. I vuwv�yn �nvcwNc iv. uvu eu�� r -w Uri tjco CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE) ss CITY OF SAN JACINTO ) I, Julia Espinoza, Deputy City Clerk of the City of San Jacinto , do hereby certify that the foregoing resolution is the actual resolution duly and regularly adopted by the City Council at a regular meeting on the 1st day of March, 2022, by the following vote to wit: AYES: Ayala, Heath, Hawkins, Ruiz NAYS: None ABSTAIN: Ledezma ABSENT: None WITNESS MY HAND AND OFFICIAL SEAL this 1st day of March 2022. Julia Espinoza, Deputy City Clerk 3 24438.00723\34862900.1