HomeMy WebLinkAboutRDA Reso No 2009-07
RESOLUTION NO. 2009- 07
Fill RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE, CALIFORNIA, APPROVING THE
ACQUISITION BY THE AGENCY OF CERTAIN TAX-DEFAULTED
REAL PROPERTIES AND AUTHORIZING THE EXPENDITURE OF
AGENCY FUNDS FOR SUCH PURPOSE
WHEREAS, on February 26, 2008, the City Council of the City of Lake Elsinore
approved Resolution No. 2008-38 objecting to the sale of certain tax-defaulted
properties in the City; applying to the County Board of Supervisors, County Tax
Collector and Treasurer, and State Controller to purchase the tax-defaulted properties;
and authorizing and directing the City Manager to execute the Purchase Tax-Defaulted
Property Agreement; and
WHEREAS, since, February 2008, the City Council and Redevelopment Agency
have continued to evaluate which properties are suitable for acquisition by the City or
the Agency for public purposes; and
WHEREAS, in accordance with Resolution No. 2008-38, the City Manager
executed the Purchase Tax-Defaulted Property Agreement on February 3, 2009 (the
"Agreement") identifying 12 parcels for acquisition for a total purchase price of
$110,462.32; and
WHEREAS, of the 12 properties, 2 are being acquired by the City for right-of-way
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purposes, 2 are being acquired by the Redevelopment Agency for downtown public
parking, and 8 are being acquired by the Redevelopment Agency for low and moderate
income housing; and
j WHEREAS, in order to fulfill the purpose and intent of the acquisition of these
properties, the Agency desires to formally approve the expenditure of Agency funds for
such purposes.
NOW, THEREFORE, the Redevelopment Agency of the City of Lake
Elsinore does hereby resolve, determine, and order as follows:
SECTION 1. The Agency hereby approves the expenditure of not to exceed
$106,725.85 for the purchase of 10 tax-defaulted properties which sum includes the
expenditure of $58,123.23 of unencumbered funds from the Agency's Low and
Moderate Income Housing Fund (LMIHF) for affordable housing purposes, $47,887.62
of unencumbered funds from the Agency's Rancho Laguna Redevelopment Project
Area No. I for downtown public parking, and an amount not to exceed $715 to pay for
administrative expenses (including filing public notices) to be prorated between the
Agency accounts funding the acquisition. A breakdown of the parcels to be acquired by
the Agency is set forth below:
APN Price Purpose Source
375293029-2 $ 10,633.21 Affordable Housing LMIHF
375293030-2 $ 12,087.15 Affordable Housing LMIHF
375321029-8 $ 5,093.32 Affordable Housing LMIHF
375321030-8 $ 14,186.88 Affordable Housing LMIHF
375321031-9 $ 1,634.51 Affordable Housing LMIHF
375321032-0 $ 1,634.51 Affordable Housing LMIHF
375321033-1 $ 3,040.63 Affordable Housing LMIHF
374072026-9 $ 9,813.02 Affordable Housing LMIHF
374262011-2 $ 5,625.07 Downtown Public Parking RDA #1
374262004-6 $ 42,262.55 Downtown Public Parking RDA #1
TOTAL: $106,010.85
SECTION 2. The Executive Director, or his designee, is hereby authorized and directed
to take all necessary and desirable steps to effectuate the Agreement to Purchase Tax
Defaulted Property and to fund the acquisition by the Agency of the properties
consistent with this Resolution for and on behalf of the Redevelopment Agency of the
City of Lake Elsinore.
PASSED, APPROVED AND ADOPTED this 28th day of April 2009, by the
following vote:
AYES: Chairman Thomas Buckley, Vice-Chairwoman Amy Bhutta,
Member Daryl Hickman, Member Robert E. Magee, Member
Melissa Melendez
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NOES: None
ABSENT: None
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ABSTAIN: None
TH BUCKL CHAIRMAN
A EST
A ENCY'SECRETARY
AP ROVED.AS O FORM:
RBARA LEIBOLD, AGENCY COUNSEL
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )ss.
CITY OF LAKE ELSINORE )
I, DEBORA THOMSEN, Agency Secretary of the Redevelopment Agency of the
City of Lake Elsinore, California, hereby certify that Resolution No. 2009-07 was
adopted by the Redevelopment Agency of the City of Lake Elsinore, California, at a
regular meeting held on the 28th day of April 2009, and that the same was adopted by
the following vote:
AYES: Chairman Thomas Buckley, Vice-Chairwoman Amy Bhutta,
Member Daryl Hickman, Member Robert E. Magee, Member
Melissa Melendez
NOES: None
ABSENT: None
ABSTAIN: None
~ ~ DE ORATHOMSEN_~
AGENCY SECRETARY.
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