HomeMy Public PortalAbout2011.016 - LRA (03-01-11) RESOLUTION NO. 2011.016
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY OF
LYNWOOD AUTHORIZING THE PURCHASE OF TAX DEFAULT PARCEL NUMBER
6168-011-012, COMMONLY KNOWN AS 3303 MAGNOLIA AVENUE, LYNWOOD,
CALIFORNIA FROM THE CHAPTER 8 PROGRAM WITH THE COUNTY OF LOS
ANGELES FOR THE SUM OF $65,077.69
WHEREAS, the Redevelopment Agency of the City of Lynwood ("Agency") is a
public body, corporate and politic, organized and existing under the California
Community Redevelopment Law (Health & Safety Code § 33000, et seq.) ("CRL"); and
WHEREAS, by previous action of the Agency and the City Council of the City of
Lynwood (the "City Council" or "City" as appropriate) the Redevelopment Plan for the
Agency's Project Area A was established by Ordinance No. 945 of the City Council on
July 10, 1973, and has been amended from time to time; and
WHEREAS, to effectuate the Redevelopment Plan, over the past several years,
the Agency has conducted activities on Magnolia Avenue to reduce or eliminate blight
within Project Area A; and
WHEREAS, the purchase of Parcel Number 6168-011-012, commonly known
as 3303 Magnolia Avenue, Lynwood, California would further the aims of the Agency to
remove blight in the project area; and
WHEREAS, the Agency is desirous of developing the site for a constructive use;
and
WHEREAS, the development of the site commonly known as 3303 Magnolia
Avenue, Lynwood, California would be of benefit to Project Area A; and
WHEREAS, the County of Los Angeles can sell property, including 3303
Magnolia Avenue, pursuant to Division 1, Part 6, Chapter 8 of the Revenue and
Taxation Code (Chapter 8 Program); and
WHEREAS, the cost to purchase the property includes the payment of all back
taxes on the property including costs involved in the sale of the property which is
$65,077.69; and
WHEREAS, the purchase price does not exceed the value of the property.
NOW, THEREFORE, THE LYNWOOD REDEVELOPMENT AGENCY
HEREBY RESOLVES AS FOLLOWS:
Section 1. The Agency authorizes payment in the amount of $65,077.69 for
the purchase of 3303 Magnolia Avenue, Lynwood, California and directs the City
Treasurer and the Finance Department to use unappropriated Redevelopment Low
Mod Income Housing Funds (LMIHF) (Fund 9752) to make the purchase.
Section 2. The Agency's purchase of the property commonly known as 3303
Magnolia Avenue, Lynwood, California is consistent with the Agency's adopted
Implementation Plan for Project Area A and will be of benefit to Project Area A.
Section 3. The development of the Site will assist in the elimination of blight in
the Project Area.
Section 4. The Executive Director of the City of Lynwood (Executive Director)
is authorized and directed to take such actions and execute such documents as may be
necessary to acquire 3303 Magnolia Avenue, Lynwood, California through the County
of Los Angeles's Chapter 8 program in a form approved by Agency Counsel.
Section 5. This Resolution is effective immediately upon adoption.
PASSED, APPROVED and ADOPTED THIS 1 day of March, 2011.
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ATTEST:
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Maria Quinonez, Secre ary Roger L. ale , xecutive Director
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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Fred Galante, gency Counsel r . � ers, Director of
Re velopment
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the foregoing Resolution was passed and adopted by the Agency at its
regular meeting held on the 1 day of March, 2011.
AYES: MEMBERS FLORES, RODRIGUEZ, SANTILLAN, MORTON AND
CASTRO
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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Maria Quinonez, Secretary
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above foregoing is a full, true and correct copy of Resolution No.
2011.016 on file in my office and that said Resolution was adopted on the date and by
the vote therein stated. Dated this 1 day of March, 2011.
aria uinonez, Sec etary