HomeMy Public PortalAbout18. Resolution RA-2010-01IN THE REDEVELOPMENT AGENCY OF THE CITY OF LIVERMORE, CALIFORNIA
A RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT BETWEEN
THE AGENCY, MAROON BEAR, AND THE LIVERMORE VALLEY PERFORMING
ARTS CENTER FOR THE AGENCY TO ACQUIRE APPROXIMATELY 5,278
SQUARE FEET OF THE PROPERTY LOCATED AT 39 SOUTH LIVERMORE
AVENUE FOR $288,000, AND AN APPROPRIATION OF UP TO $300,000 IN ,
REDEVELOPMENT TAX ALLOCATION BOND FUNDS (TAB — F586) FOR THE
PURCHASE AND ALL ASSOCIATED COSTS.
Maroon Bear, a California Limited Partnership, has agreed to donate approximately 5,278
square foot portion of its property located at 39 South Livermore Avenue, APN 097 - 0001 - 031 -00,
Subject Property) to the Livermore Valley Performing Arts Center, a nonprofit public benefit
corporation.
The Livermore Valley Performing Arts Center has offered sell the Subject Property to the
Redevelopment. Agency of the City of Livermore (Agency) for $288,000.
It is desirable for the Agency to purchase the Subject Property and to incorporate it into the
adjacent Agency owned Livermore Village site.
IT IS RESOLVED by the Redevelopment Agency of the City of Livermore that the Executive
Director on behalf of the Agency is authorized to enter into the agreement presented at the
meeting on January 11, 2010, with Maroon Bear and the Livermore Valley Performing Arts Center
for the Agency to purchase the Subject Property that is more particularly described in the
agreement.
BE IT FURTHER RESOLVED by the Redevelopment Agency of the City of Livermore that
up to $300,000 in Redevelopment Tax Allocation Bond funds (TAB — F583) funds is hereby
appropriated and approved for the purchase of the Subject Property described in the agreement
and all related associated purchase costs.
BE IT FURTHER RESOLVED by the Redevelopment Agency of the City of Livermore that
the Executive Director on behalf of the Agency is authorized to execute all related documents to
complete the transaction.
On the motion of Agencymember Marchand, seconded by Agencymember Leider, the
foregoing resolution was passed and adopted on the 11 day of January, 2010, by the
following vote:
AYES: Agencymembers Leider, Marchand, Williams, Vice Chair Horner
NOES: None
ABSENT: Chairperson Kamena
ABSTAIN: None
ATTEST:APPROVED AS TO FORM:
7, _ 72 , e1A)ii
r ., e_____
SECRETARY ASSISTANT GENERAL COUNSEL
SUSAN NEER"JASON ALCALA
DATE: January 12, 2010
RESOLUTION NO. RA- 2010 -01