HomeMy WebLinkAboutRes 505 Extending Period of Retention for APN 625-061-022 and 021PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: ADOPT RESOLUTION NO. 505 , EXTENDING THE
PERIOD FOR RETENTION OF APN 625-061-022 & 021 (VACANT
LOTS — NORTHWEST CORNER AT PORTOLA AND EL CORTEZ
WAY) FOR AN ADDITIONAL FIVE-YEAR PERIOD AND
REAFFIRMING THE AGENCY BOARD'S INTENTION THAT THE
PROPERTY SHALL BE USED TO DEVELOP AFFORDABLE
HOUSING.
FROM: JANET M. MOORE, HOUSING AUTHORITY ADMINISTRATOR
DATE: OCTOBER 13, 2005
CONTENTS: RESOLUTION NO. 505
Recommendation:
That the Agency Board adopt Resolution No. 505 , reaffirming its intent
that affordable housing be developed on an Agency owned vacant lots
known as APN's 625-061-022 & 021, and extending the time period for
retention of such property for an additional five years.
Executive Summarv:
When property is purchased by the Agency with 20% Set -Aside funds and has not been
developed within five years of its original date of purchase, Health and Safety Code
Section 33334.16 requires that the Agency Board reaffirm its intent to develop the
property for affordable housing. Based on this, a five-year extension for retention of the
property is recommended to August 15, 2010.
Discussion:
On August 15, 2000, the Agency purchased APN 625-061-022 & 021, two vacant lots on
Portola Avenue and El Cortez Way, for the purpose of developing affordable housing.
Health and Safety Code Section 33334.16 requires the legislative body to reaffirm its
intent to develop property purchased with the Agency's 20% Set -Aside fund if the property
has not been developed within five years from the date of purchase.
Resolution No. 505
Staff Report
El Cortez Way and Portola Ave., APN 626061-022 & 021
October 13, 2005
Page 2 of 2
The property remains undeveloped. Although the Agency has taken steps towards
development, staff recommends that the Agency Board reaffirm its intent to develop the
lot with affordable housing and as provided for in the code, extend the time frame for
development for an allowable one-time period of five years.
Submitted By:
Department Head:
anet . Moore Dave Yrigo
sing Authority Administrator Director edevelopmentfflousing
Approval:
J i McCarthy
ACM for Red
evelopm
Carlos L. Ortega v
Executive Director
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G.IRDAIPatty LeonlWpdocsUMVWaN reportlEt Cortez and Portola properties.doc
RESOLUTION NO. 505
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY AFFIRMING ITS INTENTION THAT CERTAIN
PROPETY BE USED FOR THE DEVELOPMENT OF
HOUSING AFFORDABLE TO PERSONS AND FAMILIES OF
LOW AND MODERATE INCOME
Section 1. On August 15, 2000, the Palm Desert Redevelopment Agency
acquired certain property identified as Assessor's Parcel No. 625-061-022 & 021. The
Agency acquired such property for the development of housing affordable to persons and
families of low and moderate income. Agency staff has initiated certain activities consistent
with the development of the property for that purpose, but such activities to date have been
unsuccessful.
Section 2. The Agency Board hereby extends the period during which the
Agency may retain the above -described property to August 15, 2010. The Agency Board
hereby affirms its intention that the property be used for the development of housing
affordable to persons and families of low and moderate income.
PASSED, APPROVED, and ADOPTED by the Palm Desert Redevelopment
Agency, this 13th day of October, 2005, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Buford A. Crites, Chair
Palm Desert Redevelopment Agency
ATTEST:
Rachelle D. Klassen, City Clerk
G 1RDAIPATTY LEONUNPDOCSUMMISTAFF REPORTIRESOLUTIONSIEL CORTEZ AND POTOLA RES.DOC