HomeMy Public PortalAbout2021.142 - (12-14-21) RESOLUTION NO. 2021.142
A RESOLUTIONOF THE CITY COUNCIL OF THE CITY OF LYWOOD,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA,
AUTHORIZING THE MAYOR TO EXECUTE, IN A FORM
SATISFACTORY TO THE CITY ATTORNEY, An EXLCUSIVE
NEGOTIATION AGREEMENT BETWEEN THE CITY AND
PRIMESTOR DEVELOPMENT, LLC FOR THE PURPOSE
FACILITATING THE SALE AND DEVELOPMENT OF CITY OWNED
LAND (PARCEL NO. 6169-002-004)
WHEREAS, the City is the owner of that certain real property located at southwest
corner of Fernwood Avenue and Imperial Highway, Lynwood (APN 6169-002-904) and
more specifically described in Exhibit A attached hereto ("City Land"). The City Land is
also referred to as the"Property"; and
WHEREAS, Primestor Development, LLC has presented the City with a proposed
Project (as defined in Exhibit B, "Project") that the City is interested in exploring as a
potential development of affordable residential within the City; and
WHEREAS, the intent of the City and the Developer in entering into this Agreement is
to establish a specific, limited period of time to negotiate an agreement between them
governing the potential acquisition of the City Land and development of the Project, all
subject to mutually agreeable terms, conditions, covenants, restrictions and agreements
to be negotiated and documented in a future disposition and development agreement or
Purchase and Sale Agreement (collectively "DDA"); and
WHEREAS, the DDA is anticipated to cause the City to sell the City Land subject to
development obligations. The City shall have the right to enforce all rights and obligations
associated with the development of the Land after the close of escrow to Developer
pursuant to the terms and conditions of the DDA,
NOW, THEREFORE, THE CITY COUNCIL OF TH CITY OF LYNWOOD DOES HEREBY
FIND, DETERMINE, ORDER AND RESOLVE AS FOLLOWS:
Section 1. The City Council of the City of Lynwood hereby finds and declares that the
foregoing recitals are true and correct, and incorporates them herein as findings and as
a substantive part of this Resolution.
Section 2. The City Council authorizes the Mayor to execute the Exclusive Negotiation
Agreement (ENA) with Primestor Development, LLC on behalf of the City of Lynwood,
substantially in the form attached to this resolution as Exhibit A. The ENA shall be in a
form satisfactory to the City Attorney.
Section 3. The City Clerk shall certify to the adoption of this Resolution and hereafter
the same shall be in full force and effective immediately.
PASSED, APPROVED AND ADOPTED this 14th day of December 2021.
Jo sanova, Mercer'
ATTEST:
Alth .J
Maria Quinonez,
City Clerk
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
/Noel Tapia, Ernie Her -v�j.ez,
City Attorney City Manaser
STATE OF CALIFORNIA )
) §
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the
above and foregoing resolution was duly adopted by the City Council of said City at its
regular meeting thereof held in the City Hall of the City on the 14th day of December,
2021 and passed by the following vote:
AYES: COUNCIL MEMBERS FLORES, SANTANA, SOTO, MAYOR PRO TEM
SOLACHE AND MAYOR CASANOVA
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
•
`-
L4 - �/
Maria Quinonez,
City Clerk
STATE OF CALIFORNIA )
) §
COUNTY OF LOS ANGELES )
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. 2021.142 on file in my office and that said resolution was
adopted on the date and by the vote therein stated. Dated this 14th day of December,
2021.
Maria Quinonez, '
City Clerk