HomeMy WebLinkAboutRDA RES 371RESOLUTION NO. 371
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
AUTHORIZING THE SALE OF MOBILE HOME LOT NO. 5, LOT NO. 67
AND LOT N0.114 LOCATED AT 43-155 PORTOLA AVENUE (PORTOLA
PALMS MOBILE HOME PARK) AT FAIR MARKET VALUE
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A. Pursuant to Health and Safety Code §33433, the Redevelopment Agency, 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 Agency by resolution after public
hearing.
B. Pursuant to Health and Safety Code §33433 (b), a report shall be made available for
inspection by the public no later than the first publication of the first notice of the hearing mandated
by subsection (a). A resolution approving the sale shall be adopted and shall contain a finding that
the consideration received for the sale of the property is not less than its fair market value the highest
and best use under the Redevelopment Plan for Project Area No. 1, Amended.
C. Pursuant to Health and Safety Code §33433, the Agency shall obligate purchaser(s)
of real property acquired in redevelopment projects to refrain from restricting the rental, sale, or
lease of the property on the basis of race, color, religion, sex, marital status, ancestr��, or national
origin of any person.
NOW, THEREFORE, the Palm Desert Redevelopment Agency hereby finds, determines,
resolves and orders as follows:
, ection 1. A duly noted public hearing in conformity with the requirement of Health and
Safety Code §33433 (a) was held on June 10, 1999.
, ection 2. The Agency finds the consideration received for the sale of the property is not less
than its fair market value at the highest and best use under the Redevelopment Plan for Project Area
No. 1, Amended.
�ction 3. The Grant Deed shall contain language prescribed by Health and Safety Code
§33433 as required.
RESOLUTION NO. 371
Section 4. The Agency hereby authorizes the conveyance of Lot No. 5, Lot No. 67 and Lot
No. 114 at Portola Palms Mobile Home Park for a fair market value.
PASSED, APPROVED AND ADOPTED this l Oth day of June, 1999.
AYES: Benson, Crites, Ferguson, Spiegel
NOES: None
ABSENT: Kelly
ABSTAIN: None
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Resolution No. 371
33433 REPORT
LOT NO. 5(APN NO. 622-351-005-6), LOT NO. 67
(APN NO. 622-351-067-2) AND LOT NO. 114 (APN NO. 622-351-114-1)
LOCATED AT 43-155 PORTOLA AVENUE
(PORTOLA PALMS MOBILE HOME PARK)
Pursuant to Health and Safety Code §33433 (a) and (b), the Agency provides the following
summary:
A. Agreement cost to the Agency includes:
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Acquisition price, Lot No. 5:
$29,000
$ 9,817
$ 7,183
$39,500
$22,500
$32,900
$22,500
Value of agency note:
Value of mobile home:
Purchase price to be paid by buyer of Lot No. 5:
Appraised fair market value of lot based on 4/13/98 appraisal
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Estimated acquisition cost plus interest per Lot:
Purchase price to be paid by the buyers of Lot No. 67 and 114 each:
Appraised fair market value of the interest being conveyed through the
sale based on an appraisal dated 4/13/98 for Lots No. 67 and 114 each: $22,500
Elimination of blight:
The lot is one (1) of 141 mobile home spaces located at Portola Palms Mobile Home
Park, a low and moderate income park developed prior to the 1973 incorporation of
the City. The park was converted from private ownership to resident-ownership in
1992 with assistance from the State MPROP Program and the Palm Desert
Redevelopment Agency. Thirty seven of the spaces were not purchased by the
occupant tenants and are now owned by the Palm Desert Redevelopment Agency.
The Agency wishes to sell the spaces to create 100% resident stability of the park,
thereby eliminating the vacant spaces scattered throughout the park and encouraging
ownership of rental spaces thereby turning total control of the park over to its
residents.