HomeMy WebLinkAboutCC RESO 96-71 Sale of CDC-Owned Vacant Lot 1603 Euclid AvenueRESOLUTION NO. 96-71
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AUTHORIZING THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY TO SELL
A CDC -OWNED VACANT LOT LOCATED AT 1603 EUCLID AVENUE
(SOUTHEAST CORNER OF EUCLID AVENUE AND 16TH STREET)
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 1603 Euclid Avenue, National City,
from the City of National City for the purpose of rehabilitating a blighted, housing -code
deficient structure, and selling such unit to a low-income family; and
WHEREAS, said structure was demolished in 1994 due to structural
deficiencies and obsolescence; 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
1603 Euclid Avenue to Frank Magdaleno and Xochitl G. Magdaleno for a purchase price
of $25,000.
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 property will eliminate a blighting influence on the
neighborhood, in that the sale and development of said property will eliminate a
substandard, vacant lot.
2. The sales price of $25,000 is not less than fair -market value for the
highest and best use of the property, given the construction requirements for the property.
3. The property will be sold in fee -simple ownership and the use will
be construction of a single-family detached residence.
4. The sale of said property is consistent with the implementation plan
adopted pursuant to Health and Safety Code Section 33490.
Continued on Page Two
Resolution No. 96-71
Page 2 of 2
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.
PASSED and ADOPTED this 28th day of May, 1996.
George H. aters, Mayor
ATTEST:
o Anne Peoples, City Clerk
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney