HomeMy WebLinkAboutRDA RES 366RESOLUTION NO. 366
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY APPROVING THE SALE TO TIMOTHY BARTLETT OF
APPROXIMATELY .67 ACRES OF REAL PROPERTY LOCATED AT
THE SOUTHEAST CORNER OF HIGHWAY 111 AND PORTOLA
THE PALM DESERT REDEVELOPMENT AGENCY 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.
ection 2. The Agency 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.
ec ion 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 such 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
existence of inadequate public improvements, public facilities and open spaces which cannot be
RESOLUTION NO. 366
remedied by private or governmental action without redevelopment.
ecti n 6. The Agency hereby finds that the sale of the Property pursuant to the
DDA will assist in the elimination of blight by Timothy Bartlett's construction of the
improvements described in the DDA on previously vacant 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.
Section 7. The Agency 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 Section 33433 of the Health and Safety Code.
Sectio . The Agency hereby approves the 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), and the Chairman,
Vice Chairman or Executive Director are authorized to finalize and execute the DDA and such
other documents and agreements, including escrow instructions, recommended by the Executive
Director to facilitate and implement terms and conditions of the DDA.
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: None
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Robert A. Spiegel, Ch an
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