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Home My WebLink AboutRes 576 - Wdrw Objection to Sale (43755 Kelsey Crt) PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: RESOLUTION NO. 5�6 , A RESOLUTION OF THE PALM DESERT REDEVELOPMENTAGENCY RESCINDING RESOLUTION NO. 556 AND DECLARING ITS INTENT TO WITHDRAW ITS OBJECTION TO THE SALE OF TAX-DEFAULTED PROPERTY KNOWN AS 43755 KELSEY COURT (APN 634-241-034), PALM DESERT, CALIFORNIA SUBMITTED BY: Janet M. Moore, Director of Housing DATE: July 27, 2010 CONTENTS: Agency Resolution No. 576 Letter from the County of Riverside dated July 15, 2010 Recommendation Waive further reading and adopt. Discussion On January 22, 2009, the Agency Board adopted Resolution 556 objecting to the sale of the tax-defaulted property known as 43-755 Kelsey Court (APN 634-241-034) and further authorized the Agency's Executive Director to negotiate a purchase agreement with the County. The County is unwilling to modify the acquisition terms and conditions required by the Agency and has rendered the tendered agreement invalid. Staff recommends formally rescinding the resolution objecting to the tax sale as the terms and conditions cannot be met. Fiscal lmpact There is no fiscal impact with the adoption of the subject resolution. Submitted by: Department Head: � �� Ja t M. Moore, Director of Housing J tin McCarthy, AC development JMM:JG:pI ��1�� ) �Y R[7A `7�-� �.(l-C C� � ��'��/ Approval: y oN '�� -`l �o�� VER{FIED BY_��, �� ,��,.,_. Jo . Wohlmuth, Executive Director Origir�al ort fife with City lerk's af�ice G: rd HOUSING\PROGRAMS\FOR-SALE\DESERT ROSE\Buyers\Lot 034 PLANCK\Staff Reports\staff report 7-27-10 Planck Harry and Joyce w resolution(2�.doc RESOLUTION NO. 5�6 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 Palm 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 Controller's Office County Tax Sale Procedural Manuat. 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 in 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. 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 day of July, 2010. AYES: NOES: ABSENT: ABSTAIN: Chairman ATTEST: Secretary G:UdaV-IOUSING�PROGRAMS�F'OR-SALE�DESERT ROSE�Buyers�l.ot 034 PLANCK\Staff Reports�Palm Desert RDA--Reso Rescinding Resoluuon No 556(purchase of Planck property).doc JON CHRISTENSEN � � ASSISTANT TREASURER-TA%COLLECTOR � GARY COTTERILL CHIEf'DEPUTY TREASURER-TA%COLLECTOR SUE BAUER SR.CHIEF DEPUTY TREASURER-TAX COLLECTOR MATT JENNINGS , , CH�Ef DEPUTY TREASURER-TAX CO��ECTOR DEBBIE BASHE • L� • INFORMATION TECHNOLOGY OFFICER II . MELISSA JOHNSON CHIEF DEPUTY TREASURER-TAX COLLECTOR GIOVANE PIZANO INVESTMENT MANAGER ADRIANNA GOMEZ DO N K E N T ADMINISTRATIVE SERVICES MANAGER I TREASURER July 15, 2010 Palm Desert Redevelopment Agency Attn:)essica Gonzales 37-510 Fred Waring Drive Palm Desert, CA 92260 Re: Agreement of Sa�e Number 4352 Assessment Number(sj: 634241034-9 Dear Ms. Gonzales: Due to non receipt of Agreement 4352 it is no longer valid. If you wish to purchase this property in the future you will need to send in a new objection in order to receive the new amount due for this parcel. Should you have any questions regarding this matter, please contact the undersigned. Thank you for your cooperation. Yours truly, , �%�`%�� `�� Desiree Taylor, De uty Tax Enforcement Unit 951-955-3842 Enclosures � � �� a�� °;`' �' �' � ,��,• g;�,��,. �`�,�. �,,, �'�' �;�� _ v �-� L�� ; �; � ��ft� � ��A� -�y� �, ��. � ,�,.s :.�:� � t t.� ��,�;�� RIYER3IDE COUNTY TREASURER-TAX COLLECTOR #*it#iF 4080 LEMON STREET,4TH FLOOR* P.O. BOX 12005* RIVERSIDE,CALIFORNIA 92502 WWW.RNERSIDETAXWFO.COM * l957) 955-sqnn 1 1lR771 �no_��o., . �... ,,._.. ___ ___..