HomeMy WebLinkAboutRDA RES 408RESOLUTION NO. 408
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
AUTHORIZING THE SALE OF 75-336 YELLOW SAGE COURT AT FAIR MARKET
VALUE
RECITALS:
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 #1 Amended.
C. Pursuant to Health and Safety Code §33435, 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, ancestry, or national origin of any person.
NOW, THEREFORE, the Palm Desert Redevelopment Agency hereby finds,
determines, resolves and orders as follows:
Section 1. A duly noted public hearing in conformity with the requirement of Health and
Safety Code §33433 (a) was held on October 26, 2000.
Section 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 #1, Amended.
Section 3. The Grant Deed shall contain language prescribed by Health and Safety
Code §33435 as required.
Section 4. The Agency hereby authorizes the conveyance of 75-336 Yellow Sage Court
at fair ma�ket value.
Resolution No. 4os
PASSED, APPROVED, and ADOPTED this 26`h day of October, 2000. ____
AYES: BENSON, FERGUSON, KELLY, SPIEGEL, CRITES
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE ,� /. ,� �/,,-
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Chair an
ATTEST:
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- i ii i v . .
heila R. �illiefan, City �I�rk
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