HomeMy WebLinkAbout2008 CC RESO 2008-48 CDCRESOLUTION NO. 2008 — 48
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CHAIRMAN TO EXECUTE
A QUITCLAIM DEED TO WELLS FARGO BANK
IN ORDER TO RELEASE A DEED RESTRICTION UPON
REAL PROPERTY LOCATED AT THE SOUTHEAST
CORNER OF 22ND STREET AND HOOVER AVENUE
WHEREAS, in 1969, the CDC created a redevelopment project known as the
E.J. Christman Business and Industrial Park I, with a project area consisting of two parcels
located at the southeast corner of 22nd Street and Hoover Avenue (herein referred to as " the
Property") ; and
WHEREAS, the project area was later consolidated into the larger project area
created by the current National City Redevelopment Plan; and
WHEREAS, in furtherance of the E.J. Christman Project, in 1982 the CDC
conveyed the property to Great American Federal Savings and Loan Association for
development purposes, pursuant to a grant deed that included a deed restriction containing
restrictive covenants that required Great American to construct improvements on the property,
and when the improvements were completed, to provide the CDC a certificate acknowledging
their completion; and
WHEREAS, the required improvements have been constructed, and the property
has been conveyed; and
WHEREAS, a potential buyer for the property has requested that the CDC
execute a quitclaim deed to Wells Fargo Bank in order to release the deed restriction.
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City hereby authorizes the Chairman to execute a quitclaim
deed to Wells Fargo Bank in order to release a deed restriction upon real property located at the
southeast corner of 22nd Street and Hoover Avenue.
PASSED and ADOPTED this 18th day of March
on Morrison, Chairma
APPROVED AS TO FORM:
George H. Eiser, III
Legal Counsel
Passed and adopted by the Community Development Commission of the City of
National City, California, on March 18, 2008, by the following vote, to -wit:
Ayes: Commissioners Morrison, Natividad, Parra, Ungab, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secretary, unity Development Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2008-48 of the Community Development Commission of the City of
National City, Califomia, passed and adopted on March 18, 2008.
Secretary, Community Development Commission
By:
Deputy