HomeMy WebLinkAboutRDA RES 576RESOLUTION NO. 576
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY RESCINDING RESOLUTION NO. 556 AND
DECLARING ITS INTENT TO WITHDRAW ITS OBJECTION TO
THE SALE OF TAX-DEFAULTED PROPERTY LOCATED AT
43755 KELSEY COURT (APN 634-241-034), PALM DESERT,
CALIFORNIA
RECITALS
A. On January 22, 2009, the Paim Desert Redevelopment Agency
adopted Resolution No. 556 objecting to the sale of the tax-defaulted property
located at 43755 Kelsey Court, Palm Desert, California (the "Property") by the
County of Riverside Treasurer and Tax Collector (the "County Tax Collector") at
a public auction and authorizing the Executive Director of the Agency to submit
to the Riverside County Board of Supervisors and the County Tax Collector an
application to purchase the Property.
B. To complete such application, the Agency is required to execute an
agreement to purchase the Property with the Riverside County Board of
Supervisors pursuant to the provisions of Chapter 8(commencing with Section
3771) of Part 6 of Division 1 of the Revenue and Taxation Code and in
accordance with the California State Controlier's Office County Tax Sale
Procedural Manual.
C. Prior to executing the agreement to purchase the Property, the
Agency anticipated that it would be able to negotiate the terms and conditions of
the purchase and that certain federal tax liens recorded against the Property,
which exceed the Property's resale price of $114,795.50, would be discharged or
would be in the process of being discharged.
D. The Agency was informed that the agreement to purchase the
Property cannot be amended and that the federal tax liens recorded against the
Property cannot be discharged prior to the execution of the agreement.
E. After further review of the proposed agreement and in light of the
significant risks associated with purchasing the Property subject to the federal tax
liens, the Agency finds and determines that pursuing the application to purchase
the Property would not effectively serve its interest iri preserving the Property for
affordability housing purposes.
NOW, THEREFORE, THE PALM DESERT REDEVELOPMENT AGENCY
HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The above recitals are true and correct.
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RESOLUTION NO. 576
Section 2. The Agency hereby revokes and rescinds Resolution No.
556, thereby withdrawing its objection to the tax sale of the Property by the
County Tax Collector and discontinuing its application to purchase the Property.
PASSED, APPROVED and ADOPTED this 27th day of July, 2010.
AYES: BENSON, FERGUSON, SPIEGEL, and FINERTY
NOES: NONE
ABSENT: KELLY
ABSTAIN: NONE
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Cindy Fine y, hairman
ATTEST:
R chelle D. Klassen, cretary
Palm Desert Redevelopment Agency
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