HomeMy Public PortalAbout2005-059 (04-19-05)RI:SOLUTION NO. 2005.059
A RESOLUTION OF CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE
DISPOSITION OF AGENCY OWNED PROPERTY LOCATED AT THE SOUTHWEST
CORNER OF STATE STREET AND FERNWOOD AVENUE (APN 6169-002-901 & 902)
AND THE PURCHASE AND SALE AGREEMENT BY AND BETWEEN THE AGENCY
AND M+D PROPERTIES
WHEREAS, the Redevelopment Plan for Lynwood Project Area "A"
("Redevelopment Plan"), was duly approved and adopted on July 3, 1973 by Ordinance
No. 945 and subsequently amended on December 27, 1973 by Ordinance No. 960, on
August 19, 1975 by Ordinance No. 990, on June 1, 1976 by Ordinance No. 1000, on
December 7, 1976 by Ordinance No. 1010, on December 16, 1980 by Ordinance No.
1111, July 19, 1988 by Ordinance No. 88-1308, and on March 20, 2001 by Ordinance
No. 1504; and
WHEREAS, the Lynwood Redevelopment Agency ("Agency") is engaged in
activities necessary to execute and implement the Redevelopment Plan for
Redevelopment Project Area "A" ("Redevelopment Project") in the City of Lynwood and in
order to do so the Agency proposes to enter into a Purchase and Sale Agreement (the
"Agreement") with M+D Properties ("Buyer"), which provides for the sale of Agency-
owned property (the "Site") at the appraised value of $895,885 for the development of a
parking lot; and
WHEREAS, the Agency desires to consider the disposition of the Agency property
in connection with the development of the adjacent site by the Buyer; and
WHEREAS, the proposed Purchase and Sale Agreement contains all the
provisions, terms, conditions and obligations required by state and local law; and
WHEREAS, the Agency and City Council of the City of Lynwood have held a duly
noticed joint public hearing on the proposed disposition and related agreements;
WHEREAS, the Agency and the City Council have duly considered the proposed
agreement and believe that development pursuant thereto is in the best interest of the
City of Lynwood and in furtherance of the goals and objectives of the Lynwood
Redevelopment Agency to reduce blight in the Project Area;
NOW, THEREFORE, IT IS RESOLVED by the City Council of the City of Lynwood
and the Lynwood Redevelopment Agency as follows:
Section 1. The Agency and City Council hereby find and determine that the
development of the Site pursuant to the Agreement is in the best interest of the City of
Lynwood and the health, safety, morals and welfare of its residents, and in accord with
the public purposes and provisions of applicable State and local law.
Section 2. The Agency and City Council hereby find and determine that the
development of the Site pursuant to the proposed Agreement is necessary to effectuate
the purpose of the Redevelopment Plan for the Redevelopment Project Area.
Section 3. The Agency and the City Council hereby find and determine that the
development of the Site pursuant to the proposed Agreement will be consistent with the
development permitted at that location by Lynwood's Zoning Ordinance.
Section 4. The Agency has held a joint public headng with the City Council and has
received, heard and considered all oral and written objections to the proposed Agreement
H:WORD/RE DEVELP/LMORALES/MDProp FmwdStatSaleCCRes041905
and to the actions connected therewith, and hereby overrules all such oral and wdtten
objections.
Section 5. The City Council finds that the sale of the property contemplated by the
proposed Agreement will assist in the elimination of blight and cost to the Agency. The
property is currently an undeveloped remnant property with several development
constraints. The agreement provides that the Site be used as a parking lot.
Section 6. The City Council finds that the consideration for the sale is not less
than fair market value since the estimated fair market value of the property is $895,885
and the Agency will receive $895,885 for the sale of the Site.
Section 7. The City Council finds that the sale of the Site as contemplated by the
proposed Agreement is in the interests of the health, safety and welfare of the City, is in
accordance with the Redevelopment Plan, is consistent with the Implementation Plan
adopted pursuant to Health and Safety Code Section 33490 and will be of benefit to the
Project Area.
Section 8. The City Council approves the sale of the Site contemplated by the
proposed Agreement.
APPROVED AND ADOPTED this 19t~ day of April, 2005.
~DRIQUEZ, MAYOR
ATTEST:
Andrea L. Hooper, City Clerk
~/'N.~ Er~ri~ue~rti~'c~z,'City~nager
APPROVED AS TO FORM:
Ar~oldo Beltran
CiI Attorney
APPROVED AS TO CONTENT:
~l~ouis Mor~es, Director
y Redevelopment Department
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STATE OF CALIFORNIA )
)
COUNTY OF LOS ANGELES )
SS.
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that
the foregoing Resolution was passed and adopted by the City Council of the City
of Lynwood at a regular meeting held on the 19th day of Apri 1 ,
2005.
AYES:
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
COUNCILMEN BYRD, PEDROZA, SANTILLAN, VASQUEZ AND RODRIGUEZ
Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA )
)
COUNTY OF LOS ANGELES )
SS.
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true
and correct copy of Resolution No. 2005.059 on file in my office and that said
resolution was adopted on the date and by the vote therein stated.
Dated this 19th dayof April ,2005
Andrea L. Hooper, City Clerk