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HomeMy WebLinkAboutCC RES 05-092ofooN RESOLUTION NO. 05-92 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE PALM DESERT REDEVELOPMENT AGENCY AND THE RANCHO HOUSING ALLIANCE CONCERNING PROPERTY OWNED BY THE AGENCY IN THE CITY OF PALM DESERT LOCATED AT 74-047 SAN MARINO CIRCLE RECITALS: WHEREAS, the Palm Desert Redevelopment Agency (the "Agency") proposes to enter into a Disposition and Development Agreement ("DDA") with Rancho Housing Alliance, a California non-profit public benefit corporation (the "Developer"), a copy of which DDA is on file with the Secretary of the Agency, providing for the disposition of property owned by the Agency, generally identified as approximately 0.14 acres located at 74-047 San Marino Circle in the City of Palm Desert and improved with a single- family home (the Property"), to the Developer, the rehabilitation of the Property by the Developer and the sale of the Property by the Developer to a person or family of low or moderate income at an affordable housing cost; WHEREAS, the DDA effectuates the Redevelopment Plan (the "Redevelopment Plan") for Project Area No. 1, as amended (the "Project Area") by providing for the redevelopment of the above -described real property located within the Project Area for low and moderate income housing; WHEREAS, Health and Safety Code Section 33433 requires that before any property of the Agency acquired in whole or in part with tax increment revenue is sold, such sale shall first be approved by the City Council of the City of Palm Desert (the "City Council") after a public hearing; WHEREAS, Health and Safety Code Section 33433 also requires that a Summary Report be made available for public inspection; WHEREAS, the Summary Report and the DDA have been made available for public inspection in the manner required by Health and Safety Code Section 33433; and WHEREAS, the Agency and the City Council have conducted a duly noticed joint public hearing pursuant to Health and Safety Code Section 33433 with respect to the DDA and the City Council has considered all oral and written comments submitted thereto; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Section 1. Based on the evidence presented to the City Council, including the written staff report, oral and written testimony in this matter, and the P6401-00011855763v1.doc Summary Report prepared pursuant to Health and Safety Code Section 33433, the City Council hereby finds and determines that (i) the sale of the Property pursuant to the DDA will assist in the elimination of blight in the Project Area and will provide housing for low and moderate income persons; (ii) the sale of the Property pursuant to the DDA is consistent with the Agency's Implementation Plan for the Project Area adopted pursuant to Health and Safety Code Section 33490; and (iii) the consideration for the Property is not Tess than the fair reuse value of the Property at the use and with the covenants and conditions and development costs authorized by the DDA. Section 2. The City Council hereby approves the DDA. PASSED, APPROVED AND ADOPTED this 27th day of October 2005, by the following vote to wit: AYES: BENSON, KELLY, SPIEGEL, CRITES NOES: NONE ABSENTS: NONE ABSTAINS: FERGUSON 2 P6401-0001\855763v1.doc