HomeMy WebLinkAboutRDA RES 519RESOLUTION NO. 519
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
APPROVING REIMBURSEMENT BY THE AGENCY FOR THE COST OF THE
ACQUISITION BY THE CITY OF PALM DESERT FOR CERTAIN REAL
PROPERTY LOCATED AT 74-065 GOLETA AVENUE IN THE CITY OF PALM
DESERT
THE AGENCY BOARD OF THE PALM DESERT REDEVELOPMENT AGENCY HEREBY
FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. The City is the owner of certain real property located at 74-065 Goleta Avenue,
in the City. The cost to the City of the acquisition of such property was $200,905.00.
Section 2. The City proposes to convey such property to Habitat for Humanity and provide
for the rehabilitation of a single-family residence on such property and its sale to a qualified buyer.
Section 3. In consideration for the conveyance by the City to Habitat for Humanity for
$1.00, and in further consideration for the establishment of covenants and restrictions by the City
in favor of the Agency, which covenants and restrictions require that such single-family residence
shall remain available at an affordable housing cost to persons and families of low and moderate
income for a period not less than 45 years, the Agency shall reimburse the City for the cost to
acquire such property, as well as any transfer or closing costs associated with such transfer.
Section 4. The officials, staff, consultants and legal counsel to the City are hereby
authorized and directed to take all steps necessary and desirable to effect the purposes of this
resolution.
PASSED, APPROVED and ADOPTED by the Palm Desert Redevelopment Agency, this
9�' of March, 2006, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAI N
ATTEST:
BENSON, CRITES, KELLY, SPIEGEL, and FERGUSON
NONE
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