HomeMy Public PortalAbout03. Resolution RA-2009-11IN THE REDEVELOPMENT AGENCY OF THE CITY OF LIVERMORE
STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING EXECUTION OF A COOPERATION AGREEMENT
WITH THE CITY OF LIVERMORE TO ACCEPT A LOAN NOT TO EXCEED $1,370,000
IN HOUSING TRUST FUNDS (FUND 611) FOR THE PURCHASE OF REAL PROPERTY
AND THE RELOCATION BENEFITS OF THE BUSINESS, CIRCUIT TEST, LOCATED
AT 2139 RAILROAD; AND, EXECUTING A PURCHASE AND SALE AGREEMENT AND
FULL SETTLEMENT AND RELEASE IN THE AMOUNT $1,360,000 WITH GEORGE
KIBLER RELATED TO THE ACQUISITION OF PROPERTY LOCATED AT 2139
RAILROAD AVENUE, ESCROW COSTS, OPERATING COSTS, AND RELOCATION
COSTS ASSOCIATED WITH THE BUSINESS CIRCUIT TEST
It is desirable for the Redevelopment Agency of the City of Livermore (Agency) to
purchase the real property located at 2139 Railroad Avenue (APN 098-0289-002-01) from
George Kibler and provide relocation benefits to George Kibler, owner of Circuit Test, the
business located at 2139 Railroad; in the amount of $1,360,000; and, to borrow Housing Trust
Funds (F611) in an amount not to exceed $1,370,000 from. the City for that purpose, including
the administrative and transactional costs associated with the purchase and settlement.
IT IS RESOLVED by the Redevelopment Agency of the City of Livermore that the
Executive Director on behalf of the Redevelopment Agency is authorized to:
Enter into a Cooperation Agreement with the City of Livermore to borrow an amount not
to exceed $1,370,000 in Housing Trust Funds (F611) from the City for the purchase of 2139
Railroad Avenue and all claims for relocation benefits and services associated with Circuit
Test; and
BE IT FURTHER RESOLVED by the Redevelopment Agency of the City of Livermore
that the Executive Director on behalf of the Redevelopment Agency is authorized to:
Execute the Purchase and Sale Agreement and Full Settlement and Release with
George Kibler related to the acquisition of property located at 2139 Railroad Avenue and the
associated relocation benefits and services of the business Circuit Test in the amount not to
exceed $1,370,000; and, sign all related documents.
On the motion of Agencymember Horner, seconded by Agencymember Leider, the
foregoing resolution was passed and adopted on the 11th day of May, 2009, by the following
vote:
AYES: Agencymembers Horner, Leider, Vice Chair Marchand, Chairperson Kamena
NOES: None
ABSENT: Agencymember Williams
ABSTAIN: None
ATTEST:
I TERIM SECRETARY
SUSAN GIBBS
DATE: May 12, 2009
APPROVED AS TO FORM:
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AGENCY GENERAL COUNSEL
JOHN J. POMIDOR
RESOLUTION NO. RA-2009-011