HomeMy WebLinkAboutCC RESO 96-70RESOLUTION NO. 9 6 - 7 0
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AUTHORIZING THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY TO SELL
ITS 60% INTEREST IN A RESIDENTIAL UNIT
LOCATED AT 906 "A" AVENUE
WHEREAS, the Community Development Commission of the City of
National City (CDC), using Low -and -Moderate Income Housing Trust Funds, indirectly
derived from tax increment financing, purchased a 60 % interest in 906 "A" Avenue,
National City, for the purpose of rehabilitating a blighted, housing -code deficient
structure, and selling such unit to a low-income family; and
WHEREAS, the City Council of the City of National City provided public
notice and held a public hearing on May 28, 1996 to consider the sale of its interest in
906 "A" Avenue to Carl T. McVeagh and Mary Ann McVeagh for a total sales price of
$150,000, of which the CDC will receive 60%.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of National City that this Council finds the proposed sales transaction of subject property
to be in accordance with State Redevelopment Law, and further finds as follows:
1. The sale of said unit will tend to eliminate a blighting influence on
the neighborhood.
2. The sales price of $150,000 is not less than fair -market value for the
highest and best use of the property.
3. The property will be sold in fee -simple ownership and the use will
be a single-family, owner -occupied resident with covenants relating to maintenance and
association dues.
4. The sale of said unit is consistent with the implementation plan
adopted pursuant to Health and Safety Code Section 33490.
BE IT RESOLVED that the Community Development Commission of the
City of National City is hereby authorized to sell subject property in accordance with
authorized CDC procedures.
Continued on Page Two
Resolution No. 96-70
Page 2 of 2
PASSED and ADOPTED this 28th day of May, 1996.
George H. aters, Mayor
ATTEST:
nne Peoples, City Clerk
APPROVED AS TO FORM:
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George H.'Eiser, III
City Attorney