HomeMy WebLinkAboutRES RDA 2010 236 2010 1103RESOLUTION NO. 2010 -236
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK, CALIFORNIA, APPROVING
ACQUISITION OF 450 HIGH STREET, LEASE BACK OF
450 HIGH STREET TO THE OWNER, J.E. CLARK,
ACCEPTANCE OF GRANT DEED, AND AMENDING THE
FISCAL YEAR 2010/2011 BUDGET BY APPROPRIATING
$905,592.00 PLUS $10,000.00 CONTINGENCY FOR
ESCROW FEES FOR A TOTAL OF $915,592.00 FROM
THE MRA 2001 TAX ALLOCATION BOND (TAB)
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, on June 16, 2010, the Board of Directors adopted the Operating and
Capital Improvement Projects Budget for Fiscal Year 2010/2011; and
WHEREAS, the Redevelopment Agency of the City of Moorpark desires to
purchase the property known as 450 High Street in the City of Moorpark, for
redevelopment purposes; and
WHEREAS, the Redevelopment Agency of the City of Moorpark desires to
provide a non - operating lease back to the property owner of 450 High Street; and
WHEREAS, a staff report has been presented to the Board of Directors
requesting a budget adjustment in the aggregate amount of $915,592.00 from the MRA
2001 TAB Proceeds Fund (2904) to fund the purchase of the property; 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:
SECTION 1. The purchase of the property at 450 High Street and lease back
to property owner is hereby approved.
Resolution No. 2010 -236
Page 2
SECTION 2. The Agency Secretary shall accept and consent to the
recordation of the grant deed.
SECTION 3. A budget amendment in the amount of $905,592.00 plus
$10,000.00 for escrow fees for a total of $915,592.00 from the MRA 2001 TAB
Proceeds Fund (2904), as more particularly described in Exhibit "A ", attached hereto, is
hereby approved for property acquisition.
SECTION 4. 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 3rd day of November, 2010.
ATTEST:
Maureen Benson, Assistant Secretary
Exhibit A — Budget Amendment
J ice S. Parvin, Chair
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MARCH 18, 1887
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Resolution No. 2010 -236
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, Assistant Secretary of the Redevelopment Agency of the
City of Moorpark, California, do hereby certify under penalty of perjury that the foregoing
Resolution No. 2010 -236 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 3rd day of November, 2010, and that the
same was adopted by the following vote:
AYES: Agency Members Mikos, Millhouse, Pollock, Van Dam, and Chair
Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 10th day of November, 2010.
Maureen Benson, Assistant Secretary
(seal)
ESTABL,SHED
MARCH 16,1987
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