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HomeMy WebLinkAboutCC RES 99-006RESOLUTION NO. 99-6 A RESOLUTION OF THE CITY OF PALM DESERT APPROVING THE +. SALE BY THE PALM DESERT REDEVELOPMENT AGENCY TO TIMOTHY BARTLETT OF APPROXIMATELY .67 ACRES OF REAL PROPERTY LOCATED AT SOUTHEAST CORNER OF HIGHWAY 111 AND PORTOLA THE CITY COUNCIL OF THE CITY OF PALM DESERT HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Section 1• On January 14, 1999, the City Council of the City of Palm Desert and the Palm Desert Redevelopment Agency (the "Agency") held a duly noticed joint public hearing on the approval of the Agency's proposed sale of certain real property (the "Property") located in the Agency's Project Area No. 1, as described in that certain Disposition and Development Agreement (the "DDA") between the Agency and Timothy Bartlett, at which time all persons desiring to comment on or ask questions concerning the sale of the Property to Timothy Bartlett were given the opportunity to do so. Prior to the public hearing, information concerning the Agency's proposed sale of the Property to Timothy Bartlett, was available for public inspection in the offices of the City of Palm Desert at 73-510 Fred Waring Drive, Palm Desert, California 92260, between the hours of 8:00 a.m. and 5:00 p.m., Monday through Friday. Notice of the ,.. - public hearing was published in the Desert Sun on December 28, 1998 and January 4, 1999. . Section 2• The City Council has reviewed and considered all written and oral comments, questions and concerns regarding the Agency's proposed conveyance of the Property to Timothy Bartlett received prior to and at the public hearing on said conveyance. Section 3. The DDA provides that Timothy Bartlett, shall have the right to construct certain improvements on the Property as therein described, including, among other things, a 4500 square foot commercial/retail facility with certain public improvements. Section 4. The Agency has obtained a report of the fair reuse value of the Property from REASCO, who has determined that the fair market value of the Property, at the highest and best use of the Property, given the covenants and conditions imposed, is approximately $5.99 per square foot. Section 5• Project Area No. 1 is an area which has previously been identified in the Redevelopment Plan as a blighted area.. The area has previously been determined to create a social and economic burden on the community which cannot reasonably be expected to be reversed or alleviated by private enterprise or governmental action, or both, without redevelopment. In addition, Project Area No. 1 contains vacant and under-utilized properties and .- properties which suffer from economic dislocation, deterioration or disuse, including depreciated or stagnant property values and impaired investments. Project Area No. 1 is characterized by the .: RESOLUTION NO. 99-6 � existence of inadequate public improvements, public facilities and open spaces which cannot be remedied by private or governmental action without redevelopment. � Section 6• The City Council hereby finds that the sale of the Property pursuant to the DDA will assist in the elimination of blight by Timothy BaRlett's construction of the improvements described in the DDA on previously utilized land, which will assist in the revitalization of Project Area No. 1, encourage private sector investment and create job opportunities, all for the health, safety and welfare of the residents and taxpayers of the City. ti . The City Council hereby finds that the consideration to be paid by Timothy Bartlett is not less than the fair reuse value of the Property at its highest and best use in accordance with the Redevelopment Plan for Project Area No. 1 of the Agency, and the report provided pursuant to Health and Safety Code Section 33433. Section g• The City Council hereby approves ihe DDA, subject as to form, and the sale of the Property to Timothy Bartlett in accordance with the terms and conditions of the DDA pursuant to the requirements of Health and Safety Code Section 33433(b). PASSED, APPROVED and ADOPTED this 14th day of January, 1999 by the following vote to wit: � AYES: Benson, Crites, Ferguson, Kelly, Spiegel � NOES: None ABSENT: None ABSTAIN: I�1one � / / . . , -� -�1.� � ' �.- • � -.- � � ►� �