HomeMy WebLinkAboutReso 2006-186 - Surplus property
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RESOLUTION NO. 2006 - 186
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
DECLARING PARKING LOT NO.4 (APN 101-660-027) SURPLUS AND
APPROVING THE TRANSFER OF PARKING LOT NO.4 TO THE REDDING
REDEVELOPMENT AGENCY FOR THE PURPOSE OF FACILITATING THE
DEVELOPMENT OF AFFORDABLE HOUSING PURSUANT TO AN
AGREEMENT BETWEEN REDDING REDEVELOPMENT AGENCY AND
HABIT A T FOR HUMANITY SHASTA CASCADE HOLDINGS, INC.
WHEREAS, the City desires to declare as surplus property, Parking Lot No.4, located at
1795 Pine Street, Redding, CA, APN: 101-660-027, described in Exhibit A hereto (the "Property"); and
WHEREAS, the fair market value of the Property, as determined by an appraisal prepared
by Shasta-Tehama Appraisal Services dated May 24, 2006, is $588,000.00.
WHEREAS, Section 54222 of the Government Code requires that the City, prior to
disposing of surplus land, send to public entities a written offer to sell or lease the property as follows: for
the purpose of developing low- and moderate-income housing; for park and recreational or open space
purposes; for school facilities construction if the land is so suitable; for enterprise zone purposes if the land
is located within a designated enterprise zone; or for the purpose of development within a designated infill
opportunity zone established pursuant to Section 65088.4 of the Government Code; and
WHEREAS, the Executive Director of the Redding Redevelopment Agency ("Agency") has
duly notified the City ofthe Agency's intent to purchase the Property for the purpose of developing low-
and moderate- income housing, and each other recipient of the City's offer declined to purchase or lease the
Property; and
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WHEREAS, after acquisition, the Agency intends to convey the Property to Habitat for
Humanity Shasta Cascade Holdings, Inc. ("Habitat") subject to the terms of a Disposition and Development
Agreement ("DDA") between the Agency and Habitat which, among other things, ensures the long-term
affordability of at least four (4) of the units to be constructed by Habitat.
NOW, THEREFORE, the City Council FINDS, RESOLVES, and ORDERS as follows:
1. The above recitals are true and correct.
2. The Property is hereby declared surplus.
3. The Mayor is authorized to execute a grant deed transferring the Property to the
Agency, subject to the Agency executing a note and deed of trust in favor of the City
in the amount of $588,000.00.
4. The Agency is authorized to reconvey the Property at its fair market value of
$588,000.00 to Habitat for development of market-rate and low- and moderate-
income housing, subject to the terms of the DDA.
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I HEREBY CERTIFY that the foregoing resolution was introduced and read at a special
meeting of the Redding City Council on the 16th day of October, 2006, and was duly adopted at said meeting
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST: .:'
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
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Dickerson, Mathena, Stegall, and Murray
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Pohlmeyer
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RICHARD A. DUVERNAY, C. Attorney
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EXHIBIT A
LEGAL DESCRIPTION
ALL OF THAT CERTAIN REAL PROPERTY SITVA TED IN THE CITY OF REDDING, COUNTY OF
SHASTA, STATE OF CALIFORNIA, DESCRIBED AS FOLLOWS:
Lots 7,8,9 and 10 in Block 40 of the Original Town of Redding as shown on map thereof filed September
15, 1872, in Book of Old Plats at Page 65, in the office of the County Recorder of said County.
APN: 101-660-027