HomeMy WebLinkAboutRDA RES 511RESOLUTION NO. 511
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
, APPROVING A DISPOSITt�N 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 "Propert�'), 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
Counciln) 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 noficed joint
public hearing pursuant to Health and Safety Code Section 33433 with respect to the
DDA and the Agency has considered all oral and written comments submitted thereto;
NOW, THEREFORE, THE PALM DESERT REDEVELOPMENT AGENCY
HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. Based on the evidence presented to the Agency, including
the written staff report, oral and written testimony in this matter, and the Summary
� Report prepared pursuant to Health and Safety Code Section 33433, the qqency
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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 Projeet Area adopted pursuant
to Health and Safety Code Section 33490; and (iii) the consideration for the Property is
not less 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 Agency hereby approves the DDA and the Executive
Director of the Agency is hereby authorized and directed, for and in the name and on
behalf of the Agency, to execute and deiiver the DDA in substantially the form on file
with the Agency Secretary, with such additions thereto or changes or insertions therein
as may be approved by the Executive Director (such approval to be conclusively
evidenced by such execution and delivery).
Section 3. The officers of the Agency are herby authorized and
directed, jointly and severally, to execute and deliver any and all necessary documents
and instruments and to do all things which they may deem necessary or proper in order
to effectuate the purposes of this Resolution and the transaction contemplated hereby;
and any such actions previously taken by such officers are hereby ratified, confirmed
and approved.
PASSED, APPROVED AND ADOPTED this 27�h day of October, 2005, by
the following vote to wit:
AYES: BENSON, KELLY, SPIEGEL, CRITES
NOES: NONE
ABSENTS: NONE
ABSTAINS: FERGUSON
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