HomeMy WebLinkAboutReso 2005-041 - Linden Avenue Sale
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RESOLUTION NO. 2005-41
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE SALE OF THE REDDING REDEVELOPMENT AGENCY
PROPERTY LOCATED AT 1850 AND 1854 LINDEN AVENUE TO
COMMUNITY HOUSING IMPROVEMENT PROGRAM, INC.
WHEREAS, the Redding Redevelopment Agency ("Agency") is proposing to sell Agency
property located at1850 and 1854 Linden Avenue; and
WHEREAS, before any property of the Agency acquired in whole or in part, directly or
indirectly, with tax-increment moneys is sold, the sale shall first be approved by the legislative body
of the City by resolution after public hearing; and
WHEREAS, proceedings have been duly conducted and held in accordance with the
provisions of the California Health and Safety Code Section 33430, et seq., including publication
of the notice of hearing; and
WHEREAS, the public hearing was held on this date, prior to the adoption of this
resolution.
NOW, THEREFORE, the City Council FINDS, RESOLVES AND ORDERS as follows:
1. The above recitals are true and correct.
. 2. The City Council makes the following findings in connection with the proposed sale to the
Community Housing Improvement Program, Inc., as evidenced in the Disposition Report,
incorporated herein by reference:
(a) The sale of the property at 1850 and 1854 Linden Avenue will assist in the
elimination of blight, and is consistent with the implementation plan adopted
pursuant to Section 33490; and
(b) The consideration is not less than the fair market value at its highest and best use in
accordance with the plan.
3. The City Council hereby approves the sale of the Redding Redevelopment Agency property
located at 1850 and 1854 Linden Avenue to the Community Housing Improvement Program,
Inc.
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I HEREBY CERTIFY that the foregoing resolution was introduced, read and adopted by
a majority vote at a regular meeting of the City Council on the 15th day of March 2005 by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEl\'IBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
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ATTEST: ~" J ." '
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j~ Clerk
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Dickerson, Murray, Stegall, and Mathena
None
Kight
None
FORM APPROVED:
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RICHARD A. DUVERNAY ity Attorney