HomeMy WebLinkAboutSA-RDA 074RESOLUTION NO. SA-RDA-074
A RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY ACCEPTING A BID FOR THE
128 ACRE PARCEL OF VACANT LAND, WITHIN THE CITY OF PALM
DESERT, SOUTH OF GERALD FORD DRIVE, NORTH OF FRANK SINATRA
DRIVE AND WEST OF PORTOLA AVENUE (APN 694-300-001; 694-300-
002; 694-300-005; 694-300-014; 694-300-015; 694-310-002; 694-310-003;
AND 694-310-006) PURSUANT TO THE LONG RANGE PROPERTY
MANAGEMENT PLAN AND TAKING RELATED ACTIONS
RECITALS:
A. Pursuant to AB Xi 26 (enacted in June 2011) and ihe California Supreme
Court's decision in California Redeve/opment Association, et al. v. Ana Matosantos, et
al., 53 Cal. 4th 231 (2011), the former Palm Desert Redevelopment Agency (the "Former
Agency") was dissolved as of February 1, 2012, the Successor Agency to the Palm
Desert Redevelopment Agency (the "Successor Agency"), as the successor entity to the
Former Agency, was constituted, and a board of the Successor Agency (the "Board")
was established.
B. AB X1 26 added Part 1.8 (commencing with Section 34161) and Part 1.85
(commencing with Section 34170) to Division 24 of the California Health and Safety Code
("HSC") (such Parts 1.8 and 1.85, including amendments and supplements enacted after
AB X1 26, being referred to herein as the "Dissolution AcY').
C. Pursuant to the Dissolution Act, the Successor Agency is tasked with winding
down the affairs of the Former Agency.
D. Pursuant to HSC Section 34175(b), all real properties of the Former Agency
transferred to the control of the Successor Agency by operation of law.
E. On May 5, 2014, the Oversight Board adopted Resolution No. OB-073,
approving a Long-Range Property Management Plan (the "Original LRPMP") which
addresses the disposition of the real properties owned by the Successor Agency.
F. On June 2, 2014, the State Department of Finance (the "DOF") approved the
Original LRPMP.
G. On September 21, 2015, the Oversight Board approved an amendment to
Original LRPMP (the "LRPMP AmendmenY'),
H. On December 9, 2015, the DOF approved the LRPMP, as amended by the
LRPMP Amendment (the "LRPMP").
I. Pursuant to HSC Section 34191.3, the DOF-approved LRPMP shall govern,
and supersede all other provisions of the Dissolution Act relating to the disposition and use
of the real property assets of the Former Agency.
J In August, 2018, the Successor Agency released a Notice Inviting Bids
regarding the 128 Acre parcel of vacant land, located South of Gerald Ford Drive, North
of Frank Sinatra Drive and West of Portola Avenue.
�!
RESOLDTION N0. SA-RDA 074
K. The materials made available to the potential bidders included the
Development Summary and the current Preliminary Title Report.
L. Per the result of the sealed bids opened on September 27, 2018, the highest
bid received was in the amount of $7,135,000 (the °Accepted Bid"), received from
Mission Valley Properties Development California , LLC, (the "Accepted Bidders").
M. A current appraisal of the property was ordered from Capital Realty Analysts
and received on May 16, 2018. The report places the current appraised value of the
property at $7,135,000.
O. The Board is adopting this Resolution to accept the accepted bid for the sale
of the 128 Acre Parcel of Vacant Land, South of Gerald Ford Drive, North of Frank Sinatra
Drive and West of Portola Avenue pursuant to the LRPMP.
NOW, THEREFORE, THE BOARD OF THE SUCCESSOR AGENCY TO THE PALM
DESERT REDEVELOPMENT AGENCY DOES HEREBY RESOLVE, DETERMINE AND
ORDER AS FOLLOWS:
Section 1. The above recitals, and each of them, are true and correct.
Section 2. The Board hereby directs the acceptance of the Accepted Bid received
for the 128 Acre Parcel of Vacant Land, South of Gerald Ford Drive, North of Frank Sinatra
Drive and West of Portola Avenue from the Accepted Bidders and hereby directs staff to
negotiate a purchase and sale agreement with the Accepted Bidder, which purchase and sale
agreement shall only be entered into by the Successor Agency after approval of the purchase
and sale agreement by the Consolidated Countywide Oversight Board to the Successor
Agency and the approval, or deemed approval, by the Department of Finance.
Section 3. The members of this Board and the staff of the Successor Agency
are hereby authorized, jointly and severally, to do all things which they may deem
necessary or proper to effectuate the purposes of this Resolution and the disposal of the
subject property.
APPROVED and ADOPTED this 1lthday of october , 2p1g.
AYES:
NOES:
HABNIR, RELLY, NESTANDE, WEBER, and JONATHAN
NONE
ABSENT: xor�
ABSTAIN: xor�
ATTEST:
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PALM DESERT SUCCESSOR AGENCY TO HE PALM DESERT REDEVELOPMENT
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