HomeMy WebLinkAboutRprt - Sec 33433(c) of the California Health & Sfty CodePALM DESERT HOUSING AUTHORITY
STAFF REPORT
REQUEST: RECEIVE AND FILE REPORT PURSUANT TO SECTION
33433(c) OF THE HEALTH AND SAFETY CODE
SUBMITTED BY: Veronica Tapia, Management Analyst II
DATE: August 27, 2015
Recommendation
By Minute Motion, that the Authority Board receive and file this
report pursuant to Section 33433 (c) of the Health and Safety Code.
Background
Pursuant to its Resolution No. 03-34, adopted on April 10, 2003, the City Council
authorized the former Palm Desert Redevelopment Agency to sell small housing
projects pursuant to Section 33433(c). On March 14, 2013, the City Council adopted
Resolution No. 2013-11 authorizing the Authority to sell small housing projects pursuant
to Health and Safety Code Section 33433(c) as the successor to the former Agency's
housing functions and assets.
Any Agency that has sold or leased a small housing project is required to file a report
with the legislative body after the end of the fiscal year which discloses; (i) the name of
the owner/purchaser of the property, (ii) the legal description or street address of the
property, (iii) the date of the conveyance of the property, (iv) the restrictions posed by
the agreement on the owner/purchaser of the property, and, (v) the date on which the
public hearing was held on the conveyance of the property, pursuant to Section
33431(c).
The following properties were sold during the fiscal year 2014/2015 and meet the
definition of a "small housing project" because the property was sold to person(s) of low
or moderate income. The Authority conveyed the property pursuant to Health and
Safety Code Section 33433(c).
The property was restricted by a Restrictive Agreement (also known as Unit Regulatory
and Lien Agreement ("URLA") or Affordable Housing Restriction and Lien Agreement
("AHRLA")) which was recorded at the time of sale which limits, among other things,
affordability, encumbrances, transfers and resales for a period of up to 45 years.
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Falcon Crest Development:
42190 Verdin Lane (APN 624-440-019)
Public Hearing: June 13, 2013
Owner/Purchaser: Zinnia Rodriguez
Date of Purchase: July 23, 2014
Sales Price: $200,000
AHRLA: Recorded on July 23, 2014 as Instrument #2014- 0273339 ;
Covenant Expiration: July 23, 2059.
42071 Verdin Lane (APN 624-431-029)
Public Hearing: June 27, 2013
Owner/Purchaser: Jung Hoon and In Soon Kim
Date of Purchase: July 25, 2014
Sales Price: $220,000
AHRLA: Recorded on July 25, 2014 as Instrument #2014- 0281180
Covenant Expiration: November 19, 2058
42075 Hovley Gardens (APN 624-430-006)
Public Hearing: May 23, 2014
Owner/Purchaser: Enrique and Blanca Orozco
Date of Purchase: July 28, 2014
Sales Price: $195,000
AHRLA: Recorded on July 29, 2014 as Instrument #2014- 0284104 ;
Covenant Expiration: July 29, 2059.
42190 Golden Eagle Lane (APN 624-431-011)
Public Hearing: August 28, 2014
Owner/Purchaser: Maria Navarro
Date of Purchase: September 12, 2014
Sales Price: $200,000
AHRLA: Recorded on September 12, 2014 as Instrument #2014- 0347586 ;
Covenant Expiration: September 12, 2059.
42253 Verdin Lane (APN 624-431-016)
Public Hearing: June 27, 2013
Owner/Purchaser: Jutarat Pagdeerugeerat and Scott Maclntire
Date of Purchase: September 25, 2014
Sales Price: $200,000
AHRLA: Recorded on September 25, 2014 as Instrument #2014- 0364693 ;
Covenant Expiration: November 19, 2058
74572 King Fisher Circle (APN 624-440-012)
Public Hearing: August 28, 2014
Owner/Purchaser: Alvin and Donnabel Driza
Date of Purchase: October 24, 2014
Sales Price: $200,000
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Report Pursuant to Section 33433(c) of the Health and Safety Code
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AHRLA:
42050 Golden Eagle
Public Hearing:
Owner/Purchaser:
Date of Purchase:
Sales Price:
AHRLA:
Recorded on October 24, 2014 as Instrument
Covenant Expiration: October 24, 2059.
#2014- 0404000
Lane (APN 624-431-001)
January 8, 2015
Adolfo Rodriguez and Erika Barajas
March 20, 2015
$225,000
Recorded on March 20, 2015 as Instrument #2015- 0113657 ;
Covenant Expiration: March 20, 2060
74642 King Fisher Circle (APN 624-440-017)
Public Hearing: August 28, 2014
Owner/Purchaser:
Date of Purchase:
Sales Price:
AHRLA:
David Ponce
March 26, 2015
$225,000
Recorded on March 26, 2015 as Instrument #2015- 0123065
Covenant Expiration: March 26, 2060
42197 Verdin Lane (APN 624-431-020)
Public Hearing: August 28, 2014
Owner/Purchaser:
Date of Purchase:
Sales Price:
AHRLA:
Desert Rose Development:
Everardo Reyes
April 7, 2015
$225,000
Recorded on April 7, 2015 as Instrument #2015- 0139620
Covenant Expiration: April 7, 2060
75333 Kelsey Circle North (APN 634-242-019)
Public Hearing:
Owner/Purchaser:
Date of Purchase:
Sales Price:
URLA:
February 12, 2015
Nora Melendrez
April 1, 2015
$121,710
Recorded on April 1, 2015 as Instrument #2015- 0130659
Covenant Expiration: April 1, 2060
43710 Kelsey Court (APN 634-241-042)
Public Hearing: February 12, 2015
Owner/Purchaser: Samuel Rodriguez
Date of Purchase: May 26, 2015
Sales Price: $131,512
URLA: Recorded on May 26, 2015 as Instrument #2015- 0217247
Covenant Expiration: May 26, 2060.
The Authority currently owns 1 property (Falcon Crest). The Authority is in the
process of negotiating the sale of that property.
Staff recommends that the Authority Board receive and file this report pursuant to
Health and Safety Code Section 33433(c).
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Fiscal Analysis
There is no fiscal impact to the Authority to receive and file this report.
(12
eronica Tapia, Managem t Analyst II
Ap• •val:
n M. Wohlmuth, Executive Director
Department Head:
an= Moore, Director of Housing
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