HomeMy WebLinkAboutRES CC 1995 1106 1995 0315RESOLUTION NO. 95 -1106
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF MOORPARK APPROVING THE
SALE OF PROPERTY OWNED BY THE MOORPARK
REDEVELOPMENT AGENCY TO MISSION BELL
PARTNERS, A CALIFORNIA PARTNERSHIP
WHEREAS, the Moorpark Redevelopment Agency (the "Agency ")
acquired certain real property (the "Premises ") with a loan from
the City of Moorpark which shall be repaid with tax increment
monies; and
WHEREAS, the Agency is proposing to sell the Premises to
Mission Bell Partners, a California Partnership (the "Developer ")
subject to a Disposition and Development Agreement (the
"Agreement "); and
WHEREAS, pursuant to California Community Redevelopment Law
("CCRL") Section 33433, the City Council of the City of Moorpark
(the "City Council ") is required to approve the sale or lease of
all real property acquired by the Agency with tax increment monies
and make certain findings, as defined; and
WHEREAS, the City Council has reviewed the Summary Report
pertaining to the Agreement required by CCRL Section 33433 which
Summary Report more fully describes the Premises and the terms of
purchase; and
WHEREAS, the Agency purchased the Premises with the intention
of using it to entice commercial development, development for very
low, low and moderate income housing, and park purposes for the
Moorpark community and the developer desires to construct a
commercial development on 15 + acre portion of the property
purchased by the Agency (the "Premises ") which will generate a
substantial number of permanent jobs; and
WHFRZ A ,9, the City Council is aware that the Agreement provides
for the -sole of the Premises to the Developer subject to its
perfgrpgppp under the Agreement; and
WHEREAS, a public hearing has been duly noticed and held on
the proposed sale of the Premises.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
HEREBY FIND, DETERMINE, ORDER AND RESOLVE AS FOLLOWS:
Section 1. That the sale of the Premises will assist in
the elimination of blight.
Section 2. That consideration for the sale as specified in
the Agreement is at or greater than the fair market value of the
Premises at its highest and best use which is a commercial
development as proposed by the Agreement.
Section 3. That the findings and determinations set forth
in this resolution are true and correct.
Section 4. That, subject to City Council adoption of this
resolution, the Executive Director is hereby authorized to execute
the Agreement and to take steps and sign all documents and
instruments including, but not limited to, the grant deed to carry
out the Agreement on behalf of the Agency and City Council.
PASSED, APPROVED AND ADOPTED this 15th day of March, 1995.
ATTEST:
C
City of Moorpark a
Mayor
SGH237- 03/06/95
MOORPARK
1 799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Lillian E. Hare, City Clerk of the City of Moorpark,
California, do hereby certify under penalty of perjury that
the foregoing Resolution No. 95 -1106 was adopted by the
City Council of the City of Moorpark at a meeting held on
the 15th day of MARCH , 1995, and that
the same was adopted by the following vote:
AYES: COUNCILMEMBERS HUNTER, MONTGOMERY, PEREZ AND WOZNIAK
NOES: NONE
ABSENT: MAYOR LAWRASON
ABSTAIN: NONE
WITNESS my hand and the official seal of said City
this 21st day of MARCH , 1995.
illian E. Hare
City Clerk
PAUL W. LAWRASON JR. BERNARDO M. PEREZ PATRICK HUNTER SCOTT MONTGOMERY JOHN E. WOZNIAK
Mayor Mayor Pro Tem Councilmember Councilmember Councilmember