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Home My WebLink AboutRes SA-RDA 070 - APN 627-102-024RESOLUTION N0. SA-RDA 070 STAFF REPORT SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY PUBLIC WORKS DEPARTMENT MEETING DATE: March 22, 2018 PREPARED BY: Cora L. Gaugush, Capital Improvement Projects Technician�� REQUEST: Accept the bid of $360,000, from Gilbert A. Stayner and Christian A. Stayner, for the sale of the Miles C. Bates House, located at 73-697 Santa Rosa Way, Palm Desert, California (APN 627-102-024), and authorize the execution of related documents Recommendation By Minute Motion, adopt Resolution to: Authorize acceptance of the bid of $360,000, from Gilbert A. Stayner and Christian A. Stayner, for the Miles C. Bates House, located at 73-697 Santa Rosa Way, Palm Desert, California, (APN 627-102-024); 2. Authorize the execution of the Purchase and Sale Agreement, the Grant Deed and other necessary or appropriate documents by the Chair, Vice Chair or the Executive Director to complete the transaction. Strateqic Plan Obiective This action will further the goals set in Envision Palm Desert under the Land Use, Housing and Open Space section, by selling a vacant house in a multi-family residential area, and provide an opportunity for the restoration of a Palm Desert historic landmark. Backqround Analvsis The property located at 73-697 Santa Rosa Way, Palm Desert, identified as property 2(b) on the Long Range Property Management Plan ("LRPMP"), is currently owned by the Successor Agency to the Palm Desert Redevelopment Agency ("SARDA") and must be sold according to the disposition strategy approved on the LRPMP. In January 2017, an appraisal was done for the property using two hypothetical situations, one being in an "as is" condition, and one being a hypothetical value for the property if it were granted historical designation. The appraised value of the property in an "as is" condition was $320,000. With a historical designation, the value increased to $340,000. �! 1281 Z-OW l\2165835v? doc Recognizing the historic significance of this unique house to the community, as well as the modernism movement, City staff met with members of the Historical Society of Palm Desert and representatives of 2018 Modernism Week to discuss the potential of partnering in a collaborative effort to market the Miles C. Bates House. Such a partnership appeared to have the greatest potential to reach a buyer sympathetic to the modernism movement and who would have the desire to restore the property. On October 21-22, 2017, during 2018 Modernism Pre-view Week, the property was opened to the public. A second public open house was held February 17-18, 2018. The following weekend, February 24, 2018, a live public auction took place at the University of California at R'iverside Palm Desert Campus Auditorium. A tdtal of five bidders registered. The high bid received was from Gilbert A. Stayner and Christian A. Stayner, a father and son architectural team from Sherman Oaks, California, in the amount of $360,000. Analvsis Staff recommends accepting the bid which is $20,000 above the appraised value. Fiscal Analvsis The City will realize its portion of the revenue distributed to the various taxing entities. APPLICANT: ATTACHMENTS: Bid Confirmation Sheet-Stayner Resolution No. SA-RDA 070 � � � �� Y SA-iR�t�, � � �—� +�N �'J ��(%• c�l� �TEitIFIED B� ��— � ��ri�ina� .>x� ��e ��%t� ��'�t�� (:��-k� C��a��_. -�� S^� l�-I�-� �I�, K-e.l� � �(��, �I�r, �� c�rl c;Es . �i.c� �- y �' -2- 12812-0001 �2165835 v2.doc m BID CONFIRMATION SHEET MILES C. BATES HOUSE AUCTION TO: SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, "AGENCY" DATE: 2��/ �� : � � ' !� „�• � t +�� The UNDERSIGNED, "CONTRACTOR", having carefully examined the site and the Contract Documents for the purchase of the MILES C BATES HOUSE, 73697 Santa Rosa Way, Palm Desert, CA , 92260, hereby submits a bid to purchase the property in accordance with the Contract Documents, including Addenda No(s). 2 for the amount stated in this Bid. By submitting this Bid, the undersigned agrees with the Agency: This Bid constitutes an irrevocable offer for n i n e t y( 9 0) calendar days after that date. 2. The Agency has the right to reject any or all Bids and to waive any irregularities or informalities contained in a Bid. 3. That the sale of the property shall be awarded only by the governing bodies of the Agency. A Purchase and Sale Agreement shall be entered into only after approval by the Board of the Successor Agency to the Palm Desert Redevelopment Agency (SARDA), the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency (OB), and the State of California Department of Finance (DOF). 4. That the accompanying cash, certified or cashier's check or other security deemed acceptable to the SARDA constitutes a guarantee that if a bid is accepted by the above referenced parties, the bidder will execute the Purchase and Sale Agreement and deliver all documents required by SARDA, sufficient to open escrow, within 10 days after notice of award. If bidder fails to execute and deliver said documents, the cash, check or s e c u r i t y shall be retained by the Agency, and is declared forfeited by the bidder. ITEM DESCRIPTION BID AMOUNT MILES C BATES HOUSE 3��j C� 73697 Santa Rosa Wa , Palm Desert, CA Bid Confirmation Sheet Page 1 of 2 � TOTAL AMOUNT BID IN FIGURES $�J�� TOTAL AMOUNT BID IN WORDS �-��— �(J{,JI��1�—'�L�I�'� ' � � �� l� BIDDER'S CONTACT INFORMATION Name: � � �--�� T��i�.(F� � � •, �• � '�' � ! � ' • • • � � •�. � ,�� c-i1 Ji�i�� g �� 1 1�' 2i �J Phone: l C Bid Confirmation Sheet Page 2 of 2 i i � i , _ — . . . ._ . - . . . _ :.� _ . . _-_..__ ,.�OLD DOCUMENT UP TO THE LIGHT TO VIEW TRUE WATERMARK�., i � � � , OFFICIAL CNECK �:! c�t� ba n k � -- ------------- ---- - - _ Citibank, N.A. �;� FC# OG649 F�Ak� 007 �O.c�O OhdL F'IC O5i-03 C�:. Se r.�i 314371026 **��THTP.TY TNOUSAND DOLLARS*�*'� � PAY ----^--�: —�-'�- .-�-�_ ..,.P-��•i HOLD [�CUMENT UP TO THE LIGHT TO VIEW TRUE WATEFMARK `�� 314371026 �`j[� 62_20 ir 3t1 h DATE '..' = � : � �. i .�. `� =I **$30,OOG.00** '. ro **�*Gilbert A StaY�er or Successor Aaencv to t.hp �� THE ,•� � � � ORDER P,�],n� l'j�sert REdevelapment �CJt3�'1CY**** OF ( Drawer. Cltibank, N . � _ �" NAME OFREMITTER GILBERT A STAYNER ror � ADDRESS BY Cit:bank. N.A. One Penn's V'Jay AUTHORIZED SIGN TURE New Castle. DE 19720 �—_-�---------- --------------------- 1 RESOLUTION NO. SA-RDA 070 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY AUTHORIZING ACCEPTANCE OF A BID FOR THE MILES C. BATES HOUSE LOCATED AT 73697 SANTA ROSA WAY, PALM DESERT, CA (APN 627-102-024) PURSUANT TO THE LONG RANGE PROPERTY MANAGEMENT PLAN AND TAKING RELATED ACTIONS RECITALS: A. Pursuant to AB X1 26 (enacted in June 2011) and the California Supreme Court's decision in California Redeve/opment Association, et al. v. Ana Matosantos, et al., 53 Cal. 4th 231 (2011), the former Palm Desert Redevelopment Agency (the "Former Agency") was dissolved as of February 1, 2012, the Successor Agency to the Palm Desert Redevelopment Agency (the "Successor Agency"), as the successor entity to the Former Agency, was constituted, and an oversight board of the Successor Agency (the "Oversight Board") was established. B. AB X1 26 added Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to Division 24 of the California Health and Safety Code ("HSC") (such Parts 1.8 and 1.85, including amendments and supplements enacted after AB X1 26, being referred to herein as the "Dissolution Act"). C. Pursuant to the Dissolution Act, the Successor Agency is tasked with winding down the affairs of the Former Agency. D. Pursuant to HSC Section 34175(b), all real properties of the Former Agency transferred to the control of the Successor Agency by operation of law. E. On May 5, 2014, the Oversight Board adopted Resolution No. OB-073, approving a Long-Range Property Management Plan (the "Original LRPMP") which addresses the disposition of the real properties owned by the Successor Agency. F. On June 2, 2014, the State Department of Finance (the "DOF") approved the Original LRPMP. G. On September 21, 2015, the Oversight Board approved an amendment to Original LRPMP (the "LRPMP AmendmenY'), allowing the Miles C. Bates House -- Property 2(b) of the LRPMP (APN 627-102-024) (the "Miles C. Bates House Propert�') -- to be sold on the open market. (The Original LRPMP, as amended by the LRPMP Amendment, is referred to herein as the "LRPMP.") H. On December 9, 2015, the DOF approved the LRPMP, as amended. �i! RESOLUTION N0. SA-RDA 070 I. Pursuant to HSC Section 34191.3, the DOF-approved LRPMP shall govern, and supersede all other provisions of the Dissolution Act relating to, the disposition and use of the real property assets of the Former Agency. J. In January 2018, the Successor Agency released a Notice Inviting Bids regarding the Miles C. Bates House Property for receipt of bids at a public auction. K. The materials made available to the potential bidders included the form of a Purchase and Sale Agreement, to be executed by the Successor Agency and the winning bidder, subject to changes to reflect the terms of the winning bid. L. Per the result of the public auction conducted on February 24, 2018, the winning bid was in the amount of $360,000 (the "Winning Bid"), received from Gilbert A. Stayner and Christian A. Stayner (the "Winning Bidders"). M. The Successor Agency Board is adopting this Resolution to authorize the acceptance of the Winning Bid and the sale of the Miles C. Bates House Property to the Winning Bidders. NOW, THEREFORE, THE BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. The above recitals, and each of them, are true and correct. Section 2. The Successor Agency Board hereby authorizes and directs staff to accept the Winning Bid, upon the Oversight Board's approval of the sale of the Miles C. Bates House Property to the Winning Bidders. Each of the Chair, the Vice Chair and the Executive Director, acting individually, is hereby authorized to execute, for and in the name of the Successor Agency, the related Purchase and Sale Agreement, the Grant Deed and any other document necessary or appropriate to consummate the sale of the Miles C. Bates House Property to the Winning Bidders. Section 3. The members of the Successor Agency Board and staff of the Successor Agency and the staff of the City of Palm Desert are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution and the Purchase and Sale Agreement, and to consummate the sale of the Miles C. Bates House Property to the Winning Bidders. RESOLUTION N0. SA-RDA 070 APPROVED and ADOPTED this 22nd day of March, 2018. AYES: NOES: ABSENT: ABSTAIN: SABBY JONATHAN, CHAIR ATTEST: RACHELLE D. KLASSEN, SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY -3-