HomeMy WebLinkAboutRDA RES 486RESOLUTION N0.486
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
APPROVING A PURCHASE AND SALE AGREEMENT AND ESCROW
INSTRUCTIONS WITH MARK AND JODIE RATLIFF FOR DEVELOPMENT
PURSUANT TO THE REDEVELOPMENT PLAN FOR PROJECT AREA
N0.1 AS AMENDED
THE PALM DESERT REDEVELOPMENT AGENCY 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. 1 as Amended (the "Project Area"), the
Palm Desert Redevelopment Agency (the "Agency") proposes to enter into a Purchase and
Sale Agreement and Escrow Instructions (the "Agreement") with Mark Ratliff and Jodie
Ratliff (collectively, the "Purchaser'), pursuant to which Agreement the Agency will convey
to the Purchaser title to that certain real property located at Lot 12 Block 3 in MB 020/003
of Palma Village Unit 3(the "Property"), in the City of Palm Desert, California (the "City")
and the Purchaser will construct, or cause to be constructed, on the Property a single
family residence.
Section 2. On December 11, 2003, the City Council and the Agency Board
held a duly noticed public hearing on the approval of the Agency's proposed sale of the
Property to the Purchaser pursuant to the Agreement, at which time afl persons desiring to
comment on, or ask questions concerning, the Agreement were given the oppo�tunity to do
so. Prior to the public hearing, information conceming the Agency's proposed sale of the
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. The Agency has obtained an evaluation of the value of the
Property from Richard A. Gallegos,SCREA, which has determined that the fair market
value of the Property, at the highest and best use of the Property in accordance with the
Redevelopment Plan for the Project Area, is $95,000, the price at which the Agency is
sefling the Prope�ty to the Purchaser pursuant to the Agreement.
Section 4. Based upon the foregoing and other information presented to the
Agency, the Agency hereby finds and determines that (i) the sale of the Property to the
Purchaser is consistent with the Agency's implementation plan adopted pursuant to Health
and Safety Code Section 33490; (ii) the sale of the 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 Property is not less than the fair market
value of the Property at its highest and best use in accordance with the Redevelopment
Plan for the Project Area.
Pb402\0001 \754422.1
RESOLUTION NO. 486
Section 5. The Agency hereby approves the sale of the Property to the
Purchaser and hereby authorizes its Executive Director to execute and deliver the
Agreement in substantiafly the fiorm presented to the Agency at this meeting and now on
file with the City Clerk, with such changes therein as may be necessary and as the
Executive Director may approve, in his discretion, as being in the best interests of the
Agency> such approval to be conclusively evidenced by the execution and delivery thereof.
PASSED, APPROVED and ADOPTED this 11th day of December, 2003, by
the following vote to wit:
AYES: BENSON, CRITES, FERGUSON, KELLY, SPIEGEL
NOES: NONE
ABSENTS: NONE
ABSTAINS: NONE
PALM DESERT REDEVELOPMENT AGENCY
By: /9�o-l4uA .G.
Name: Robert A. Sp egel
Title: Chairman
ATTEST:
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