HomeMy Public PortalAbout2006-011RESOLUTION NO. 2006.011
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A PURCHASE
AND SALE AGREEMENT FOR PROPERTY LOCATED WITHIN THE
WHISPERING GLEN PROJECT AREA AT 4327 CARLIN AVENUE
WHEREAS, the Lynwood Redevelopment Agency (Agency) approved a
Disposition and Development Agreement with Whispering Glen, LLC
("Developer") providing that the Agency was to assemble and acquire property
located within the area bounded by Atlantic Avenue and Carlin Avenue and as
more specifically described in Attachment A; and
WHEREAS, after the Agency has acquired certain amounts of property
described in Attachment A, the Developer is to build up to 46 homes, 20% of
which are to be purchased and occupied by households with moderate and low
income; and
WHEREAS, on August 26, 2004, the Agency approved Resolution No.
2004-029A providing the Executive Director authority to negotiate the acquisition
of certain real property located within the Whispering Glen Site area described in
Attachment A.; and
WHEREAS, Resolution No. 2004-029A required the specific terms of any
negotiated sale agreement to be subject to Agency approval; and
WHEREAS, the purchase ' and sale agreements negotiated by
Redevelopment Staff for property located at 4327 Carlin Avenue, Lynwood,
California 90262 is within the Whispering Glen Site area; and
WHEREAS, the agreed prices and terms for the property located at 4327
Carlin Avenue is fair and provides for adequate compensation to the property
owner.
NOW THEREFORE, IT IS RESOLVED by the Lynwood Redevelopment Agency
as follows:
Section 1. The Agency hereby finds that the purchase and sale
agreement between the Lynwood Redevelopment Agency and the property
owner provide fair and adequate prices and terms to the property owner located
at 4327 Carlin Avenue.
Section 2. The Agency finds that the purchase of the property located
at 4327 Carlin Avenue is in the best interest of the City, is in accordance with the
Redevelopment Plan, is consistent with the Third 5 Year Implementation Plan
adopted pursuant to Health and Safety Code Section 33490 and is in furtherance
of the Disposition and Development Agreement entered into between Whispering
Glen, LLC and the Agency.
Section 3. The Executive Director of the Agency, or his designee, is
hereby authorized, on behalf of the Agency to execute the purchase and sale
agreement for 4327 Carlin Avenue in the City of Lynwood, California 90262.
Section 4. I he Executive Director of the Agency, or his designee, is
hereby authorized, on behalf of the Agency, to sign all documents necessary and
appropriate to carry out and implement the purchase and sale agreements and to
administer and implement the Agency's obligations, responsibilities and duties to
be performed under the purchase and sale agreements for 4327 Carlin Avenue.
Section 5. This resolution shall become effective immediately upon
adoption.
APPROVED AND ADOPTED THIS 7t" day of March, 2006.
LETICIA VASQUEZ, CHAIR
N. Enriqu Martinez
Executive Director
APPROVED AS TO FORM:
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Ronald N. Wilson
Agency Counsel
APPROVED AS TO CONTENT:
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Deputy Executive Director
ATTEST:
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Andrea L. Hooper, Secretary
STATE OF CALIFORNIA )
SS.
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
the City of Lynwood at a regular meeting held in the City Hall of said City on the
7th day of March , 2006 and passed by
the following vote:
AYES: COUNCILMEN BYRD, JOHNSON, PEDROZA, SANTILLAN AND VASQUEZ
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
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Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA )
SS.
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. 2006.011 in my office and that said
Resolution was adopted on the date and by the vote therein stated.
Dated this 7th day of March , 2006.
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Andrea L. Hooper, City Clerk