HomeMy WebLinkAboutCC RES 93-107RESOLUTION NO. 93-107
A RESOLUTION OF THE CITY COUNCIL OF PALM
DESERT APPROVING THE DISPOSITION OF PROPERTY
OF THE PALM DESERT REDEVELOPMENT AGENCY
ACQUIRED IN WHOLE OR IN PART WITH TAX
INCREMENT FUNDS
WHEREAS, the Palm Desert Redevelopment Agency (the "Agency")
has approved the execution of an Amended and Restated Disposition,
Development and Implementation Agreement by and between the Agency
and the Ahmanson Development Company ("Amended Agreement"), a copy
of which has been made available for public inspection and copying
in the City Clerk's office; and
WHEREAS, the property interest being conveyed by the Amended
Agreement will be acquired in whole or in part with tax increment
funds received by the Agency pursuant to Health and Safety Code
Section 33670; and
WHEREAS, Health and Safety Code Section 33433 requires the
City Council, as the legislative body of the Agency, to approve the
sale or disposition of the real property interest to be conveyed by
the Amended Agreement; and
WHEREAS, the Summary Report required by Section 33433 was made
available for public inspection and copying; and
WHEREAS, notice of this public hearing was published for two
consecutive weeks in a newspaper of general circulation in the
community on November 24 and December 1, 1993; and
WHEREAS, based on the Summary Report the City Council has
determined that the consideration for the property interest to be
conveyed by the Amended Agreement is fair market value in
accordance with the covenants and conditions governing the sale
under the Amended Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Palm
Desert as follows:
Section 1. The Summary Report required by Health and Safety
Code Section 33433 is hereby approved.
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RESOLUTION NO. 93-107
Section 2. The sale of the Agency property described in the
Amended Agreement is hereby approved.
PASSED, APPROVED AND ADOPTED this 20th day of December, 1993,
by the following vote to wit:
AYES: KELLY, SNYDER, WILSON
NOES: BENSON, CRITES
ABSENT: NONE
ABSTAIN: NONE
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ATTES� : �
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_ -� Sheila R. �i�'ligan, � y Clerk
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