HomeMy WebLinkAboutRDA Reso No 2009-10Page 1 of 3
RESOLUTION NO. 2009-10
RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LAKE ELSINORE APPROVING THE
ACQUISITION OF REAL PROPERTY FROM THE CITY OF
LAKE ELSINORE
WHEREAS, the Redevelopment Agency of the City of Lake Elsinore
(the "Agency"), a public body, corporate and politic, established pursuant to and
existing under the California Community Redevelopment Law (the "CRL"; Health and
Safety Code Section 33000 et seq.), was created by the City Council of the City of
Lake Elsinore (the "City"); and
WHEREAS, the Agency is undertaking activities necessary for the
implementation of the Redevelopment Plan (the "Redevelopment Plan") for the
Rancho Laguna Redevelopment Project Area No. I; and
WHEREAS, the City is authorized pursuant to authority provided under
CRL Section 33220 to sell property to the Agency; and
WHEREAS, the City owns certain real property identified on the
Property Map attached hereto as Exhibit "A" (the "Property") which is in the
Redevelopment Project Area No. I ("Project Area"); and
WHEREAS, the City Council desires to convey and the Agency desires
to acquire the Property and the Agency finds that such acquisition by the Agency will
aid in redevelopment of the Project Area consistent with the Redevelopment Plan by
providing an opportunity for the development of an affordable housing project
consisting of approximately 111 very-low income dwelling units and two (2) resident
manager units; and
NOW THEREFORE, THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE DOES
HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. The Agency Board hereby finds and determines that the
acquisition of the Property by the Agency and the development of an affordable
housing project consisting of approximately 111 very-low income dwelling units and
two (2) resident manager units thereon (i) is consistent with the Redevelopment
Plan and the Agency's 2005-2009 Housing and Redevelopment Implementation
Plan and (ii) is of benefit to the Project Area and the immediate neighborhood in
which the project is located because the proposed project will provide affordable
housing opportunities for qualifying very low income households.
RDA Resolution No. 2009-10
Page 2 of 3
SECTION 2. The Agency agrees to purchase the Property from the
City for Six Hundred Eight Thousand One Hundred Ninety Two Dollars ($608,192).
SECTION 3. The Agency authorizes the Executive Director to execute
the certificate of acceptance and such other documents as may be reasonably
necessary or prudent to complete this transaction as provided in this Resolution.
its adoption.
SECTION 4. The effective date of this Resolution shall be the date of
PASSED, APPROVED AND ADOPTED this 26th day of May, 2009.
Thoma ey, Chairma
ATTEST:
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Debora Thomsen, Agency Secretary
w : AUGUST ; 0
1980
APPROVED AS TO FORM: Barbara Leibold, Agency Counsel
RDA Resolution No. 2009-10
Page 3 of 3
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE SS
CITY OF LAKE ELSINORE
I, Debora Thomsen, Agency Secretary for the Redevelopment Agency of the
City of Lake Elsinore, California, hereby certify that Resolution No. 2009-10 was
adopted by the Redevelopment Agency of the City of Lake Elsinore, California, at a
regular meeting held on the 26th day of May 2009, and that the same was adopted
by the following vote:
AYES: Bhutta, Buckley, Hickman, Magee, Melendez.
NOES: None.
ABSENT: None.
ABSTAIN: None.
DEBORA THOMSEN
AGENCY SECRETARY
AUGUST
1980
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