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RES-ORA-0482 Acquisition Approval of Real Property 154 S. Grand StreetRESOLUTION NO. ORA- 0482 A RESOLUTION OF THE ORANGE REDEVELOPMENT AGENCY APPROVING THE ACQUISITION FROM THE CITY OF ORANGE OF THAT CERTAIN CITY-OWNED REAL PROPERTY LOCATED AT 154 SOUTH GRAND STREET IN THE CITY OF ORANGE.WHEREAS, the City of Orange (the City) is a municipal corporation exercising governmental functions and powers, organized and existing under the laws of the State of California, and authorized to sell and otherwise convey real property to the Orange Redevelopment Agency (the Agency) under the California Community Redevelopment Law commencing with Section 33000 of the Health and Safety Code and hereinafter referred to as the Redevelopment Law); and WHEREAS, the Agency has been duly created, established and authorized to transact business and exercise its powers under and pursuant to the Redevelopment Law; and WHEREAS, the City owns that certain real property located at 154 S. Grand Street in the City of Orange, which has been improved and is being used as a parking lot for City employees and members of the general public (herein referred to as the Property). The Property is depicted on the map attached hereto as Exhibit B and more particularly described on Exhibit A, attached hereto and incorporated herein by this reference; and WHEREAS, the Agency owns that certain real property located adjacent to the Property which, together with the Property, has been improved and is being used as a parking lot for City employees and members of the general public; and WHEREAS, as authorized by Section 37350 of the Government Code of the State of California, the City Council has heretofore found and determined that the sale of the Property to the Agency is for the common benefit ofthe City; and WHEREAS, the Property is located within the boundaries of the Orange Merged and Amended Redevelopment Project Area (the Redevelopment Project Area), which Redevelopment Project Area was duly established by the City Council of the City of Orange on November 27,2001 by Ordinance No. 21-01, pursuant to the Redevelopment Law; and WHEREAS, Section 33391 of the Law authorizes the Agency to acquire for purposes of redevelopment any real or personal property; and WHEREAS, the Agency proposes to acquire the Property from the City pursuant to the terms and provisions of a Purchase and Sale Agreement in the form presented at this meeting (the Agency WHEREAS, the Property has been appraised as having a fair market value of 430,000.00 and the purchase price set forth in the Agency Purchase Agreement is in accordance with said appraisal; and WHEREAS, the Agency Purchase Agreement by and between the City and the Agency has been prepared and submitted, providing for the conveyance of the Property by the City to the Agency for the purchase price and upon the terms stated therein; and WHEREAS, the Board of Directors of the Agency, along with the City Council, has duly considered all of the terms and conditions of the Agency Purchase Agreement, as set forth in the agenda report presented to it and any testimony received at the meeting at which this matter was considered, and believes that the acquisition of the Property is in the best interests of the City and the health, safety, morals and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law requirements, and that such activities promote the objectives of the Redevelopment Law as well as the Redevelopment Plan for the Redevelopment Project Area. NOW, THEREFORE, the Board of Directors of the Orange Redevelopment Agency the Agency Board) resolves, on the basis of the facts set forth in the agenda report presented to it and any testimony received at the meeting at which this matter was considered, as follows: 1. The foregoing recitals are true and correct. 2. The Agency Board hereby approves the acquisition by the Agency from the City for redevelopment purposes of the fee simple estate in and to the Property, subject to easements, covenants, rights and rights-of-way of record, for the sum of $430,000.00 in cash in accordance with the terms and provisions of the Agency Purchase Agreement.Accordingly, the Agency Board hereby finds and determines that the terms and provisions of the Agency Purchase Agreement between the Agency and the City with respect to the acquisition of the Property, in the form as submitted by the Executive Director, are approved.3. The Chairman is hereby authorized and directed to execute on behalf of the Agency the Agency Purchase Agreement, together with any and all documents necessary and appropriate to carry out and implement the Agency Purchase Agreement and to administer the Agency's obligations, responsibilities and duties to be performed thereunder, including the acceptance in the name and on behalf of the Agency of a grant deed conveying to this Agency the above-described interest in ADOPTED this 25th day of March, 2008. ATTEST: I, MARY E. MURPHY, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the Orange Redevelopment Agency at a regular meeting thereof held on the 25th day of March, 2008, by the following vote: AYES: NOES: ABSENT: ABSTAIN: DIRECTORS: Smith, Murphy, Cavecche, Dumitru, Bilodeau DIRECTORS: None DIRECTORS: None DIRECTORS: None r a Mary E,:., 3 EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY Behind this sheet.] In the State of California, County of Orange, Town of Orange, being all of Lot 6, Block E as shown on a Map recorded in book 2, page 630 of Miscellaneous Records of Los Angeles County described as follows: Begimung at the Northeast comer of said Lot.6, said point being also a point on the westerly right-of-way of Grand Street, (previously shown as "Grape Street") being 66.00 feet wide;Thence South 000 DO' 00" East, along said easterly line of said Lot 6 and along the westerly right-of-way of said Grand Street, adistance of 59.40 feet to the Southeast corner of said Lot 6;Thence South 900 00' 00" West, along the southerly line of said Lot 6, a distance of 132. 00 feet to the Southwest corner thereof;Thence North 00 00' 00" West, along the westerly line of said Lot 6, adistance of 59. 40 feet to the Northwest comer thereof;Thence North 90000'00" East, along the northerly line of said Lot 6, a distance of 132. 00 feet to the Northeast corner of said Lot 6 and the Point of Beginning.Containing 7,840.80 SF All as shown on Exhibit "B" and by this reference made a part hereof.Prepared by:3 -/ g - l boti Jens Thielmann R.C.E. 25742 My Lic. Expires 12/31/ 09 Page 1 of EXHIBIT B MAP DEPICTING THE PROPERTY Behind this sheet.] o N~ Vl CHAPMAN t AVENUE 11 I 18 I~TOWN OF ORANGE BLOCK E N 90'00'00" E 132.00' b _ 00 v o .om bl{) Z o v m It) 6 3:b o o 10 bZ I J N 90. 00'00" E 132.00'LA I r page 630 MISC. RECORDS.I' .'book 21 ALMOND AVENUE t t:i UJ33' 33' c z C!) THIELMANN ENGINEERS 221 S GLASSELL ST ORANGE. CA 92866 714) 744- 9700 LOT 6, BLOCK E, L.A. BOOK 21/630 MISC. RECORDS DRAWING NO.1 SHEEr 1 OF 1