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HomeMy WebLinkAboutCC RESO 2000-96RESOLUTION NO. 2000 - 96 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY APPROVING A COMMUNITY DEVELOPMENT COMMISSION (CDC) SALE OF LAND TO SOUTHERN CALIFORNIA HOUSING DEVELOPMENT CORPORATION (SoCal) WHEREAS, the Community Development Commission (CDC) owns a parcel of land identified as assessors parcel number 557-440-56 located in the fourteen hundred block between Sheryl Lane and "Q" Avenue; and WHEREAS, the CDC has an approved development plan with Southern California Housing Development Corporation ("SoCal") to rehabilitate the apartments along "Q" Avenue including the revitalization of the street and parking areas which plan includes the sale of the aforementioned parcel to SoCal for One Dollar; and WHEREAS, Section 33433 of the Health and Safety Code requires the City Council to approve the sale of any property acquired by the CDC in whole or in part with tax increment monies; and WHEREAS, a public hearing was properly held on August 1, 2000, regarding the sale of the aforementioned parcel. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of National City hereby finds as follows: 1. That the sale of the subject property will assist in the elimination of blight and provide housing for low or moderate income persons. 2. The consideration is not less than the fair reuse value at the use and with the covenants and conditions and development costs authorized by the sale or lease. BE IT FURTHER RESOLVED that the City Council of the City of National City hereby approves the sale of APN 557-440-56 to SoCal for One Dollar, as well as the development of said parcel by SoCal. PASSED and ADOPTED this 1" day of August, 2000. George H. Waters, Mayor ATTEST: / / APPROVED AS TO FORM: Micha-I R. Dalla George H. riser, III City Clerk City Attorney