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NOTICE AND CALL OF A SPECIAL MEETING
OF THE REDEVELOPMENT AGENCY
OF THE CITY OF MOORPARK
TO THE MEMBERS OF THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK:
NOTICE IS HEREBY GIVEN that a Special Meeting of the Redevelopment Agency of
the City of Moorpark is hereby called to be held on Wednesday, June 16, 2010,
commencing at 6:45 p.m. Said meeting will convene in the Community Center located at
799 Moorpark Avenue, Moorpark, California.
Said Special Meeting shall be for the purpose of considering the following:
1. CALL TO ORDER:
2. ROLL CALL:
3. PUBLIC COMMENT:
4. REORDERING OF, AND ADDITIONS TO, THE AGENDA:
All writings and documents provided to the majority of the Agency regarding all open- session agenda items are
available for public inspection at the City Hall public counter located at 799 Moorpark Avenue during regular
business hours. The agenda packet for all regular Redevelopment Agency meetings is also available on the City's
website at www.ci.mooroark.ca.us.
Any member of the public may address the Agency during the Public Comments portion of the Agenda, unless it is
a Public Hearing or a Presentation /Action/ Discussion item. Speakers who wish to address the Agency concerning
a Public Hearing or Presentations /Action /Discussion item must do so during the Public Hearing or
Presentations /Action/ Discussion portion of the Agenda for that item. Speaker cards must be received by the City
Clerk for Public Comment prior to the beginning of the Public Comments portion of the meeting; for a
Presentation /Action /Discussion item, prior to the Chair's call for speaker cards for each Presentation /Action/
Discussion agenda item; and for a Public Hearing item, prior to the opening of each Public Hearing, or beginning
of public testimony for a continued hearing. A limitation of three minutes shall be imposed upon each Public
Comment and Presentation /Action /Discussion item speaker. A limitation of three to five minutes shall be imposed
upon each Public Hearing item speaker. Written Statement Cards may be submitted in lieu of speaking orally for
open Public Hearings and Presentation /Action /Discussion items. Any questions concerning any agenda item may
be directed to the City Clerk's office at 517 -6223.
SPECIAL MEETING NOTICE — Redevelopment Agency
June 16, 2010
Page 2
5. PRESENTATION /ACTION /DISCUSSION:
A. Consider Resolution Authorizing the Acquisition of 112 First Street for a
Revised Sale Price, Accepting the Grant Deed for Recordation, Amending the
Fiscal Year 2009/10 Budget to Fund the Purchase, and Rescinding Resolution
No. 2010 -226. Staff Recommendation: 1) Adopt Resolution No. 2010- ;
2) Authorize the Executive Director to execute all documents necessary to
complete this transaction; and 3) Authorize the Agency Secretary to accept
and consent to the recordation of any deed. ROLL CALL VOTE REQUIRED
(Staff: David Moe)
6. CLOSED SESSION:
A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Significant exposure to litigation pursuant to Subdivision (b) of Section
54956.9 of the Government Code: (Number of cases to be discussed - 4)
B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Initiation of litigation pursuant to Subdivision (c) of Section 54956.9 of the
Government Code: (Number of cases to be discussed - 4)
C. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Pursuant to Government Code Section 54956.8)
Property: 450 High Street (APN 512 -0- 082 -02 & 03)
Agency Negotiator: Redevelopment Agency of the City of Moorpark - Steven
Kueny, Executive Director
Negotiating Parties: Jim Clark
Under Negotiation: Price and terms of sale
7. ADJOURNMENT:
Dated: June 15, 2010.
Deborah S. Traffensted , Ity Clerk
In compliance with the Americans with Disabilities Act, if you need special assistance to review an agenda or
participate in this meeting, including auxiliary aids or services, please contact the City Clerk's Division at (805)
517 -6223. Upon request, the agenda can be made available in appropriate alternative formats to persons with a
disability. Upon advance notification of the need for disability- related modification or accommodation, reasonable
arrangements will be made by City staff to provide accessibility to the meeting (28 CFR 35.102 - 35.104; ADA Title II).
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss
CITY OF MOORPARK )
AFFIDAVIT OF POSTING
I, Maureen Benson, declare as follows:
That I am the Assistant City Clerk of the City of Moorpark and that a notice for a Special
Meeting of the Redevelopment Agency of the City of Moorpark will be held Wednesday,
June 16, 2010, commencing at 6:45 p.m. at the Moorpark Community Center, located at
799 Moorpark Avenue, Moorpark, California.
A copy of said Notice was posted on June 15, 2010, at a conspicuous place at the
Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California.
I declare under penalty of perjury that the foregoing is true and correct.
Executed on June 15, 2010.
Maureen Benson, Assistant City Clerk
ITEM 5.A.
CITY OF MOORPARK, CALIFORNIA
Redevelopment Agency Meeting
of
MOORPARK REDEVELOPMENT Alf
AGENDA REPORT
To: Honorable Agency Board of Directors 1 BY:
From: David C. Moe II, Redevelopment Manager
Date: June 15, 2010 (Special Agency Meeting of 6116/10)
Subject: Consider Resolution Authorizing the Acquisition of 112 First Street
for a Revised Sale Price, Accepting the Grant Deed for Recordation,
Amending the Fiscal Year 2009/10 Budget to Fund the Purchase, and
Rescinding Resolution No. 2010 - 226
BACKGROUND AND DISCUSSION
On June 2, 2010, the Agency Board approved the purchase of 112 First Street and
authorized the Redevelopment Manager to present the offer to the Ventura County
Probate Court and adopted Resolution 2010 — 226 for a purchase price of $258,000.00.
On June 15, 2010, the Redevelopment Manager attended Court to present the
Agency's offer of $258,000.00. The Judge stated that any higher bid will need to be
$260,000 and proceed in increments of $1,000.00. Another bidder presented a counter
offer of $260,000.00. After a flurry of bidding, the Agency was the high bidder with a
purchase price of $291,000.00 subject to Agency Board ratification. If the Agency
decides to purchase the property at this higher amount, a resolution approving the
higher sale price will need to be filed with the Courts by June 22, 2010.
The purchase price of the property is $291,000.00 plus half of the escrow expenses. A
$298,000.00 budget appropriation is required for the purchase, and Resolution No.
2010 — 226 must be rescinded.
FISCAL IMPACT
A budget amendment in the amount of $298,000.00 from the MRA 2001 Tax Allocation
Bond Proceeds Fund (2904) is needed to close escrow for the purchase of 112 First
Street.
STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED)
1. Adopt Resolution No. 2010— ; and
2. Authorize Executive Director to execute all documents necessary to complete
this transaction; and
Honorable Agency Board of Directors
Date 06/15/10
Page 2
3. Authorize the Agency Secretary to accept and consent to the recordation of any
deed.
Attachment "A" Resolution No. 2010 -
ATTACHMENT A
RESOLUTION NO. 2010 -
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK, CALIFORNIA, RESCINDING
RESOLUTION NO. 2010 -226, APPROVING ACQUISITION OF
112 FIRST STREET, ACCEPTANCE OF GRANT DEED,
AMENDING THE FISCAL YEAR 2009/2010 BUDGET BY
APPROPRIATING $291,000.00 PLUS $7,000.00 CONTINGENCY
FOR ESCROW FEES FOR A TOTAL OF $298,000.00 FROM
THE MRA 2001 TAX ALLOCATION BOND PROCEEDS FUND
(2904)
WHEREAS, the City Council of the City of Moorpark, adopted the
Redevelopment Plan for the Moorpark Redevelopment Project on July 5, 1989, by
Ordinance No. 110, in accordance with the California Community Redevelopment Law
(CCRL; Health and Safety Code Section 33000 et seq.); and
WHEREAS, CCRL Section 33342 provides that redevelopment plans may
include authority for the Agency to acquire by gift, purchase, lease or condemnation, all
or part of real property in the Project Area; and
WHEREAS, the Redevelopment Agency of the City of Moorpark desires to
purchase the property known as 112 First Street in the City of Moorpark, for the purpose
of affordable housing activities; and
WHEREAS, the purchase of 112 First Street is a probate purchase governed by
the Ventura County Superior Court; and
WHEREAS, on June 2, 2010, the Redevelopment Agency of the City of
Moorpark approved Resolution No. 2010 -226; and
WHEREAS, subsequent negotiations have resulted in a higher purchase price,
necessitating rescission of the previous resolution and adoption of a new resolution; and
WHEREAS, on July. 1, 2009, the Board of Directors adopted the Budget for
Fiscal Year 2009/2010; and
WHEREAS, a staff report has been presented to the Board of Directors
requesting a budget adjustment in the aggregate amount of $298,000.00 in the MRA
2001 Tax Allocation Bond Proceeds Fund (2904); and
WHEREAS, Exhibit "A ", attached hereto and made a part hereof, describes said
budget amendment and the resultant impact to the budget line item.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
3
Resolution No. 2010 —
Page 2
SECTION 1. Resolution No. 2010 -226 is hereby rescinded.
SECTION 2. The purchase of the property at 112 First Street is hereby approved.
SECTION 3.The Agency Secretary shall accept and consent to the recordation of
the grant deed.
SECTION 4. A budget amendment in the amount of $291,000.00 plus $7,000.00
for escrow fees for a total of $298,000.00 from the MRA 2001 Tax Allocation Bond
Proceeds Fund (2904), as more particularly described in Exhibit "A ", attached hereto, is
hereby approved for property acquisition.
SECTION 5. The Agency Secretary 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 16th day of June 2010.
Janice S. Parvin, Chair
ATTEST:
Deborah S. Traffenstedt, Agency Secretary
Attachment: Exhibit A — Budget Amendment
2
EXHIBIT A
BUDGET AMENDMENT FOR
MRA 2001 TAX ALLOCATION BOND PROCEEDS FUND FOR ACQUISITION OF 112 FIRST STREET
2009110
FUND ALLOCATION FROM:
Fund
Account Number
Amount
MRA 2001 TAX ALLOCATION PROCEEDS
2904 -5500
$ 298,000.00
$ 298,000.00
$ 298,000.00
Total
$ 298,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2904 - 2420 - 5082 -9610
$ -
$ 298,000.00
$ 298,000.00
Total
$ -
$ 298,000.00
$ 298,000.00
Approved as to Form: Adl�
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