HomeMy WebLinkAbout2004 003 CC RESO2004 003 CC RESO (Ìì H CFORESOLUTION NO. 2004-003
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BALDWIN PARK APPROVING THE PROPOSED TRANSFER
OF CERTAIN PROPERTY IN THE SIERRA VISTA PROJECT
AREA TO M&A GABAEE, LP AND APPROVING THE
OWNER PARTICIPATION AND DISPOSITION AGREEMENT
PERTAINING THERETO
WHEREAS, the Baldwin Park Redevelopment Agency the Agency") is engaged
in activities necessary to execute and implement the Redevelopment Plan the
Redevelopment Plan") for the Baldwin Park Redevelopment Project Area the
Project"),
WHEREAS, in order to execute and implement the Redevelopment Plan, the
Agency proposes to sell certain real property located at 3145 Baldwin Park Boulevard,
Baldwin Park, California the Property"), pursuant to the terms and provisions of the
Owner Participation and Disposition Agreement the Agreement") to be entered into
with M&A GABAEE, LP the Developer"), which Agreement contains a description of
the Property; and
WHEREAS, the Agreement contains all the provisions, terms and conditions, and
obligations required by State and local law; and
WHEREAS, the Developer possesses the qualifications and financial resources
necessary to acquire and develop the Property in accordance with the purposes and
objectives of the Redevelopment Plan; and
WHEREAS, the Agency has prepared, and the City Council has reviewed and
considered a summary report setting forth the cost of the Agreement to the Agency, the
estimated value of the interests to be conveyed determined at the highest uses
permitted under the Redevelopment Plan, the purchase price, and the manner in which
the sale will assist with the elimination of blight the Summary Report"); and
WHEREAS, the Summary Report was made available for public inspection in
accordance with the California Community Redevelopment Law: and
WHEREAS, the Agreement and development is categorically exempt for the
California Environmental Quality Act CEQA") and the State CEQA Guidelines pursuant
to Section 15332 of the Guidelines; and
WHEREAS, the City Council has considered all terms of the proposed sale, and
believes the development of the property pursuant to the Agreement is in the best
interest of the City and the health, safety, morals, and welfare of its residents, and in
accord with the public purpose and provisions of applicable State and local law
requirements.
NOW. THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK
DOES HEREBY RESOLVE AS FOLLOWS:
BIB]
38044-U01
2004-U02
003-U02
CC-U02
RESO-U02
LI3-U03
FO8417-U03
FO35399-U03
DO38928-U03
C6-U03
RESO-U03
2/26/2004-U04
ROBIN-U04
2004 003 CC RESO (Ìì H CFOResolution 2004-003
Page 2
1. The City Council hereby finds and determines the consideration for
the transfer of ownership of the Property pursuant to the Agreement is not less
than the fair reuse value of the Property in accordance with the covenants and
conditions governing such transfer.
2. The City Council hereby finds and determines that the consideration
for the transfer of the Property pursuant to the Agreement is necessary to
effectuate the purpose of the Redevelopment Plan.
3. The City Council hereby finds and determines the transfer of the
Property will eliminate blight in the manner described in the Summary Report.
4. The transfer of the Property by the Agency to the Developer and the
Owner Participation and Disposition Agreement, which establishes the terms and
conditions for the transfer of the Property, are hereby approved.
PASSED. APPROVED AND ADOPTED this 21st day of January, 2004.
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF BALDWIN PARK
I, KATHLEEN SESSMAN. Deputy City Clerk of the City of Baldwin Park. do hereby
certify that the foregoing resolution was duly and regularly approved and adopted by the
City Council of the City of Baldwin Park at a regular meeting of the City Council on
January 21, 2004. by the following vote:
AYES: COUNCILMEMBERS: Marlen Garcia, David Olivas, Ricardo Pacheco,
Mayor Pro Tern Bill Van Cleave and Mayor
ManuelLozano
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS: None
fy^ U^LAO^ JjL^yflCL
Kathleen R. Ses^man
Deputy City Clerk
BIB]
38044-U01
2004-U02
003-U02
CC-U02
RESO-U02
LI3-U03
FO8417-U03
FO35399-U03
DO38928-U03
C6-U03
RESO-U03
2/26/2004-U04
ROBIN-U04