HomeMy WebLinkAboutReso 2007-196 - Parkview Neighborhood
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RESOLUTION NO. 2007 - 196
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE DISPOSITION OF REAL PROPERTY IN THE
P ARKVIEW NEIGHBORHOOD TO HABITAT FOR HUMANITY SHASTA
CASCADE, ACCEPTING THE 33433 SUMMARY REPORT, AND FINDING
THAT THE DISPOSITION OF THE PROPERTY WILL ASSIST IN THE
ELIMINATION OF BLIGHT, IS CONSISTENT WITH THE
IMPLEMENTATION PLAN FOR THE MARKET STREET PROJECT
AREA, AND THA TTHE CONSIDERATION FOR THE PROPERTY IS NOT
LESS THAN THE FAIR MARKET VALUE AT ITS HIGHEST AND BEST
USE
WHEREAS, the Redding Redevelopment Agency (the "Agency") is presently engaged in
redevelopment activities in the Market Street Redevelopment Project Area and is implementing the
Parkview Neighborhood Strategic Revitalization Plan adopted by the City and the Agency on
January 2, 200 I; and
WHEREAS, between July 10,2002, and January 30,2003, the Agency acquired two parcels
ofland located at the northwest corner of Leland Avenue and Fell Street (the Leland AveI)ue Site),
three parcels ofland bounded by Lanning A venue, Leland A venue, and Grange Street (the Lanning
A venue Site) and one parcel of land at the easterly terminus of Grange Street (the Grange Street
Site), more particularly described in Exhibit A hereto, for the purpose of facilitating future
development of new housing (the "Property"); and
WHEREAS, proposed development on the Property consists of approximately 17 single-
family dwellings, all of which will remain affordable to and occupied by persons and families oflow
and moderate income (the "Project"); and
WHEREAS, the proposed Disposition and Development Agreement ("DDA") with Habitat
for Humanity Shasta Cascade provides for the disposition of the Property and the development of
the Project; and
WHEREAS, Community Redevelopment Law provides in Health & Safety Code Section
33433 that (I) before any property acquired, in whole or in part, directly or indirectly, with tax
increment monies is sold or leased for development pursuant to a redevelopment plan, such sale or
lease shall first be approved by the City Council, after a duly noticed public hearing of the City
Council, and (2) the Agency shall make available for publip inspection a copy' of the proposed sale
or lease and a summary which describes the financial aspects of the transaction; and
WHEREAS, a Summary Report has been prepared pursuant to Health & Safety Code
Section 33433, containing a summary describing the cost of the transaction to the Agency, the value g
ofthe property to be conveyed and other statutorily required information, and said report and copies
of the proposed DDA were made available to the public for inspection prior to the hearing, as
required by Community Redevelopment Law; and ,
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WHEREAS, notice of a joint public hearing by the City Council and the Agency's Board
of Directors on the proposed DDA has been duly published in accordance with the Community
Redevelopment Law; and
WHEREAS, the joint public hearing by the City Council and Agency's Board of Directors
was held on October 15,2007.
NOW, THEREFORE, IT IS RESOLVED that the City Council of the City of Redding
hereby:
I. Approves the disposition of the real property described in Exhibit A to Habitat for
Humanity Shasta Cascade;
2. Accepts the Summary Report of the Proposed DDA between the Agency and Habitat
for Humanity Shasta Cascade; and
3. Finds that the disposition of the Property will assist in the elimination of blight, is
consistent with the Implementation Plan for the Market Street Redevelopment Project
Area, and that the consideration for the Property is not less than the fair market value
of the interest to be conveyed determined at the highest and best use for the Property.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at
a special meeting ofthe City Council of the City of Redding on the 15th day of October 2007 by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Jones, Murray, Stegall, and Dickerson
None
None
None
(JV{ae~~
Dick Dickerson, Mayor
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connie:~~~ ayer, CVCl,erk
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APPROVED AS TO FORM:
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EXHIBIT A
LELAND SITE - .32 Acres, more or less
Shasta County Assessor's Parcel Numbers
104-250-024
104-250-025
LANNING AVENUE SITE - .28 Acres, more or less
Shasta County Assessor's Parcel Numbers:
104-230-068 (to be retained by Agency)
104-230-069 (to be retained by Agency)
104-230-070 (portion)
104-230-071 (portion)
104-230-072
104-230-073
GRANGE SITE - 1.24 Acres, more or less
Shasta County Assessor's Parcel Numbers
108-010-043
108-010-044