HomeMy WebLinkAboutRES RD 1995 34 1995 0322RESOLUTION NO. 95 -34
A RESOLUTION OF THE MOORPARK REDEVELOPMENT
AGENCY RESCINDING RESOLUTION NO. 95--L3
AND REAFFIRMING THE SALE OF REAL PROPERTY
OWNED BY THE MOORPARK REDEVELOPMENT AGENCY
TO MISSION BELL PARTNERSHIP, A CALIFORNIA PARTNERSHIP
WHEREAS, the Moorpark Redevelopment Agency (the "Agency ")
under the provisions of the California Redevelopment Law (the
"CCRL"), intends to effectuate the Redevelopment Plan for Moorpark
Redevelopment Project as amended (the "Redevelopment Plan"); and
WHEREAS, in order to effectuate said Redevelopment Plan, the
Agency, with the approval of the City Council of the City of
Moorpark (the "City Council "), has agreed to sell 15 acres ± of
real property (the "Premises ") as described in the Summary Report
and in accordance with CCRL Section 33433 to Mission Bell
Partnership, a California Partnership (the "Developer "); and
WHEREAS, Developer has agreed to purchase the Premises by
entering into a Disposition and Development Agreement (the
"Agreement ") for a purchase price which is at least equal to the
fair market value of the Premises and for use in accordance with
the Redevelopment Plan; and
WHEREAS, the Agency purchased the Premises with the intention
of using it to entice commercial development, very low, low, and
moderate income housing, and park purposes for the Moorpark
community, and the Developer desired to develop the premises for
commercial use in accordance with the Agreement will generate a
substantial number of permanent jobs; and
WHEREAS, CCRL Section 33433 of the calls for a Summary Report
(the "Report ") pertaining to the Agreement which includes its
provision for sale subject to the terms of the Agreement, which
Report has been drafted and made available for public inspection;
and
WHEREAS, the Agreement contains all of the provisions, terms
and conditions required by State and local law and the Developer
possesses the qualifications and financial resources necessary to
purchase the Premises in accordance with the purpose and objectives
of the Redevelopment Plan; and
WHEREAS, a public hearing has been duly noticed and held on
the proposed sale of the property by the City Council; and
WHEREAS, the Agency has duly considered all terms and
conditions of the proposed sale and finds that the use of the
Premises pursuant to the Agreement is in the best interests of the
City and health, safety, morals and welfare of its residents, and
in accord with the public purposes and provisions of applicable
State and local law requirements: and
WHEREAS, the City Council has reviewed the Summary Report
pertaining to the Agreement.
NOW, THEREFORE, the MOORPARK REDEVELOPMENT AGENCY DOES HEREBY
FIND, DETERMINE, ORDER AND RESOLVE AS FOLLOWS:
Section 1. That the sale of the Premises, subject to the
terms of the Agreement, is at of above fair market value and is
justified.
Section 2. That the sale, with the stipulated purchase
price is in the best interests of the Agency and the City and that
the Agency and City Council have reviewed all the evidence and find
that it is reasonable to expect the purchase price specified is
above fair market value.
Section 3. That the findings and determinations set forth
in this resolution are true and correct.
Section 4. That, subject to the Moorpark Redevelopment
Agency approval, the Executive Director is hereby authorized to
take all 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.
PASSED, APPROVED AND ADOPTED
ATTE5
Secretary
SGR236R2- 03/06/95
PMENT
thi, 22nd day March, 1995.
Moorpark Redevelopm t Agency
.Chairman
4c�Fy
—( c�
EST SHED
* UAW,. _.1987 *
\1' Of M��
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) SS.
CITY OF MOORPARK )
I, Lillian E. Hare, Secretary of the Redevelopment Agency of
the City of Moorpark, California, do hereby certify under
penalty of perjury that the foregoing Resolution No. 95 -34
_ was adopted by the Redevelopment Agency of the City of
Moorpark at a meeting held on the 22nd day of March
_,_, 1995, and that the same was adopted by the
following vote:
AYES: Agency Members Hunter, M(- tgomery, Perez, Wozniak, and Chairman 1,awrason
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City
this 28th day of March ___ 1995.
Villian E. Hare
Secretary
(Seal)
-( ESTABLIM
,k MARCH I& My
'A►
Of