HomeMy WebLinkAboutCC RES 00-117RESOLUTION NO. 00-117
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA AUTHORIZING THE PALM DESERT REDEVELOPMENT AGENCY TO
SELL 42-662 REBECCA ROAD AND MAKING A FINDING THAT THE MONETARY
CONSIDERATION RECOVERED FOR THE SALE IS NOT LESS THAN FAIR MARKET
VALUE
RECITALS:
A. Pursuant to Health and Safety Code §33433, the City Council, is required to hold
a public hearing before any property of the Agency acquired in whole or in part, directly or
indirectly, with tax increment money is sold or leased for development pursuant to the
Redevelopment Plan, said sale shall first be approved by the City Council by resolution
after public hearing.
B. Pursuant to Health and Safety Code §33433 (b) the City Council must make a
finding that the price to be paid for the property is not less than its for market value at the
highest and best use under the Redevelopment Plan.
C. Pursuant to Health and Safety Code §33433 (a), the Agency is required to make
available for inspection a report containing: proposed sale; cost to the Agency, value of
interest to be sold, sales price for inspection and available to the public.
— NOW, THEREFORE, the City Council of the City of Palm Desert hereby finds, determines,
resolves and orders as follows:
Section 1. That a duly noted public hearing in conformity with the requirement of Health
and Safety Code §33433 (a) was held on September 14, 2000.
Section 2. The City Council has reviewed and considered all written and oral comments,
questions and concerns regarding the Agency's proposed sale of 42-662 Rebecca Road
received prior to and at the public hearing on said sale.
Section 3. The City Council accepts and has filed with the Office of the City Clerk, the
report required by Health and Safety Code §33433 (a).
Section 4. The City Council finds that the price to be paid for the property is not less than
fair market value at the highest and best use under the Redevelopment Plan for Project
Area 1 Amended.
Section 5. The City Council hereby authorizes the Agency to sell the subject lot at fair
market value and authorizes the Executive Director of the Agency to execute all required
documents to complete the transaction.
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Resolution No. 00-117
PASSED, APPROVED and ADOPTED this 14th day of September, 2000
AYES: FERGUSON, KELLY, SPIEGEL, CRITES
NOES: NONE
ABSENT: BENSON
ABSTAIN: NONE
TTEST:
,heila R.igan, C.
Ierk
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Mayor