HomeMy WebLinkAboutReport - SEC 33433(C) H&SWE
PALM DESERT REDEVELOPMENT AGENCY
REQUEST:
SUBMITTED BY:
DATE:
CONTENTS:
Recommendation
STAFF REPORT
RECEIVE AND FILE REPORT PURSUANT TO SECTION 33433(C)
OF THE HEALTH AND SAFETY CODE
Janet Moore, Director of Housing
Jessica Gonzales, Management Analyst -Housing
December 9, 2010
Report Pursuant to Section 33433(c) of the Health and Safety Code
By Minute Motion: Receive and file this report pursuant to Section 33433(c)
of the Health and Safety Code.
Backaround
Resolution No. 03-34, was adopted on April 10, 2003, authorizing the Agency to sell small
housing projects in accordance with Health and Safety Code Section 33433(c).
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 Agency held its public
hearing on the conveyance of the property pursuant to Section 33431.
The following three properties were sold during the fiscal year 2009/2010, and meet the
definition of a "small housing project' because they were sold to persons or families of low
or moderate income. The Agency conveyed the properties pursuant to Health and Safety
Code Section 33433(c) and 33431.
Falcon Crest Development:
74530 King Fisher Circle (APN 624-440-009)
Public Hearing: September 24, 2009
Owner/Purchaser: Ramon and Erika Heredia
Date of Purchase: February 11, 2010
Sales Price: $224,997.00
Staff Report
Receive and File Report Pursuant to Section 33433(c)
December 9, 2010
Page 2 of 2
Desert Rose Development:
75434 Wildflower Lane (APN 634-061-008)
Public Hearing:
December 10, 2009
Owner/Purchaser:
Cassandre M. Clarke
Date of Purchase:
May 28, 2010
Sales Price:
$134,912.00
43980 Blueberry Lane (APN 634-061-027)
Public Hearing:
May 27, 2010
Purchaser:
Filomena O. Richardson
Date of Purchase:
June 30, 2010
Sales Price:
$131,100.00
All three properties were restricted by an "Affordable Housing Restriction and Lien
Agreement," 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.
Staff recommends that the Agency Board receive and file this report pursuant to Health and
Safety Code Section 33433(c).
Fiscal Analysis
There is no fiscal impact to the Agency to receive and file this report.
Submitted By:
Jessi�4 Gonzales,
n McCarthy,
Department Head:
Mar agement Analyst Janet N}6ore, Director of Housing
evelopment
WWohimuth, Executive Director
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