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HomeMy WebLinkAboutAGENDA REPORT 2022 1019 CCSA REG ITEM 10FCITY OF MOORPARK, CALIFORNIA City Council Meeting of October 19, 2022 ACTION ADOPTED RESOLUTION NO. 2022- 4141. (ROLL CALL VOTE: 3-0, COUNCILMEMBERS ENEGREN AND GROFF RECUSED) BY A. Hurtado. F. Consider Resolution Correcting Legal Description for Second Amendment to the Disposition and Development Agreement No. 2018-01 between the City of Moorpark and Daly Group, Inc. Staff Recommendation: Adopt Resolution No. 2022-4141, approving the legal description for the Second Amendment to Disposition and Development Agreement No. 2018-01. (Staff: Carlene Saxton, Community Development Director) (ROLL CALL VOTE REQUIRED) Item: 10.F. Item: 10.F. MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Carlene Saxton, Community Development Director DATE: 10/19/2022 Regular Meeting SUBJECT: Consider Resolution Correcting Legal Description for Second Amendment to the Disposition and Development Agreement No. 2018-01 between the City of Moorpark and Daly Group, Inc. BACKGROUND On September 21, 2022, the City Council adopted Resolution No. 2022-4131, approving the Second Amendment to the Disposition and Development Agreement (DDA) between the City of Moorpark and Daly Group Inc., for the High Street Depot Project. The Second Amendment to the DDA was requested by the Daly Group, Inc. in order to: (i)extend the close of escrow date from September 30, 2022 to April 8, 2023; (ii) to extend the effectiveness of the property’s appraisal date from six to nine months; and (iii)to exclude from the property to be conveyed by the City to the Daly Group, Inc. a small 240 square foot corner of that property so that corner is retained by the City and not conveyed to the Daly Group, Inc. DISCUSSION Following the City Council’s adoption and execution of Resolution No. 2022-4131, and the execution of the Second Amendment to the DDA, staff identified that the incorrect legal description of Excluded Property to be transferred was attached to the Second Amendment to the DDA. The description that was attached was incorrect because it contained both the 240 square foot excluded area but also land area that was never intended to be conveyed to the Daly Group, Inc. That incorrect legal description was included as part of the administrative action taken by the City Council. In order to correct the City Council’s official action in this matter and in order to correctly describe the portion of property to be excluded from the property to be conveyed at close of escrow, a new resolution had been prepared for Council adoption to formally approve of replacement of the incorrect legal description to the Second Amendment to the DDA with the correct legal description and to direct staff to carry out that replacement in all 538 Honorable City Council 10/19/2022 Regular Meeting Page 2 executed and file copies of the Second Amendment to the DDA with appropriate communications with, and copies to be sent to, the Daly Group, Inc.. FISCAL IMPACT There are no direct fiscal impacts associated with this request. COUNCIL GOAL COMPLIANCE This action does not support a current strategic directive. STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED) Adopt Resolution No. 2022-____, approving the legal description for the Second Amendment to Disposition and Development Agreement No. 2018-01. Attachment: Draft Resolution No. 2022-____ 539 RESOLUTION NO. 2022-_____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, CORRECTING THE LEGAL DESCRIPTION ATTACHED TO THE SECOND AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT NO. 2018-01 ADOPTED WITH RESOLUTION NO. 2022-4131 FOR THE SALE OF PROPERTY LOCATED AT 226 HIGH STREET WHEREAS, the City of Moorpark (the “City”) owns property located at 226 High Street in the City (the “Property”); and WHEREAS, the Daly Group, Inc. (the “Developer”) has agreed to purchase and develop the Property in accordance with the terms of a Disposition and Development Agreement (the “DDA”), and adopted Resolution No. 2020-3950 memorializing the same; and WHEREAS, on December 15, 2021, the City Council approved the First Amendment to the DDA, and adopted Resolution No. 2021-4057 memorializing the same; and WHEREAS, on September 21, 2022, the City Council approved the Second Amendment to the DDA, and adopted Resolution No. 2022-4131 memorializing the same; and WHEREAS, the need has arisen to correct the legal description attached to the Second Amendment to the DDA that was approved by Resolution No. 2022-4131 so as to accurately describe the “Excluded Portion” of the property to be conveyed to the Daly Group, Inc. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The legal description attached herewith as Exhibit A to this Resolution, and which describes approximately 240 square feet of land area, is hereby approved as the corrected and superseding legal description for the “Excluded Portion” of the property to be conveyed by the City to the Daly Group, Inc. SECTION 2. Exhibit A to this Resolution shall supersede and replace the legal description included as part of Resolution No. 2022-4131 and the Exhibit A in the Second Amendment to the DDA. ATTACHMENT 540 Resolution No. 2022-____ Page 2 SECTION 3. The City Clerk shall cause Exhibit A to this Resolution to replace the former Exhibit A in the executed and file copies of the Second Amendment to the DDA and shall provide appropriate communications and copies of the corrected Second Amendment to the DDA to the Daly Group, Inc. SECTION 4. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 19th day of October, 2022. _____________________________ Janice S. Parvin, Mayor ATTEST: ___________________________________ Ky Spangler, City Clerk Exhibit A – Legal Description 541 Resolution No. 2022-____ Page 3 EXHIBIT A DESCRIPTION OF EXCLUDED PORTION 542