HomeMy WebLinkAboutCC RES 05-017RESOLUTION NO. 05-17
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT APPROVING AN EXCHANGE AGREEMENT WITH DESERT
WELLS 237, LLC
THE CITY COUNCIL OF THE CITY OF PALM DESERT HEREBY FINDS,
DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. In order to effectuate the provisions of the Redevelopment Plan
(the "Redevelopment Plan") for Project Area No. 2 (the "Project Area"), the Palm Desert
Redevelopment Agency (the "Agency") proposes to enter into an Exchange Agreement
(the "Agreement") with Desert Wells 237, LLC (the "Purchaser"), pursuant to which
Agreement the Agency will convey to the Purchaser title to that certain real property
described in Exhibit A to the Agreement (the "Agency Property") and located in the City of
Palm Desert, Califomia (the "City"), in exchange for the conveyance by the Purchaser to
the Agency of title to that certain real property described in Exhibit B to the Agreement (the
"Purchaser Property") and located in the City.
Section 2. On February 10, 2005, the City Council and the Agency Board
held a duly noticed public hearing on the approval of the Agency's proposed conveyance of
the Agency Property to the Purchaser pursuant to the Agreement, at which time all persons
desiring to comment on, or ask questions concerning, the Agreement were given the
opportunity to do so. Prior to the public hearing, information concerning the Agency's
proposed conveyance of the Agency Property to the Purchaser was available for public
inspection in office of the City Clerk in accordance with Health and Safety Code Section
33433.
Section 3. Based upon the foregoing and other information presented to the
City Council, the City Council hereby finds and determines that (i) the conveyance of the
Agency Property to the Purchaser is consistent with the Agency's implementation plan
adopted pursuant to Health and Safety Code Section 33490; (ii) the conveyance of the
Agency Property to the Purchaser pursuant to the Agreement will assist in the elimination
of one or more blighting conditions inside the Project Area, and (iii) the consideration for
the Agency Property is not Tess than the fair market value of the Agency Property at its
highest and best use in accordance with the Redevelopment Plan for the Project Area.
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RESOLUTION NO. 05- 17
Section 4. The City Council hereby approves the conveyance of the Property
to the Purchaser.
PASSED, APPROVED and ADOPTED this 10 day of February 2005, by the
following vote to wit:
AYES: BENSON, FERGUSON, KELLY, SPIEGEL, and CRITES
NOES: NONE
ABSENTS: NONE
ABSTAINS: NONE
BUFORA. CRITES, MAYOR
ATTEST:
RACHELLE D. KLASSEN, CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
P6402\0001\7751 17.2
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