HomeMy WebLinkAboutCC RESO 2018-2RESOLUTION NO. 2018 — 2
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CITY MANAGER TO EXECUTE A REAL PROPERTY
PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS
FOR THE SALE OF PROPERTY LOCATED AT 130 EAST 8TH STREET
IN NATIONAL CITY TO PROTEA NATIONAL CITY, LLC
WHEREAS, the City owns certain real property ("Property") located at 130 East
8th Street in National City; and
WHEREAS, the Property was designated as a site for future development by the
Revised Long Range Property Management Plan approved by the State of California
Department of Finance for properties previously owned by the Successor Agency to Community
Development Commission of the City of National City as the National City Redevelopment
Agency; and
WHEREAS, IDNP Holdings, LLC ("Developer") responded to the Downtown
National City Smart Growth Request for Proposals ("RFP") issued by the City on March 15,
2017; and
WHEREAS, the City selected the Developer's proposal through the RFP process
and entered into an Exclusive Negotiating Agreement with the Developer on June 20, 2017; and
WHEREAS, the Developer has agreed to purchase the Property for the
appraised value of $520,000 and has formed Protea National City, LLC as the entity that will
purchase and hold title to the Property and construct the proposed project described in the
Developer's proposal; and
WHEREAS, the sale of the Property is subject to the execution of a
Compensation Agreement between the affected taxing entities.
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby authorizes
the City Manager to execute a real property Purchase and Sale Agreement and Joint Escrow
Instructions for the sale of property located at 130 East 8th Street in National City to Protea
National City, LLC.
PASSED and ADOPTED this 16`h day of Januar 018.
Morrison, Mayor
ATTEST: v APPROVED AS TO FORM:
ngil Dorris -Jo
Cityttdrney
Passed and adopted by the Council of the City of National City, California, on
January 16, 2018 by the following vote, to -wit:
Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY:
RON MORRISON
Mayor of the City of National City, California
/r Citytieltith/
lerk of the City ational City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2018-2 of the City of National City, California, passed and adopted
by the Council of said City on January 16, 2018.
City Clerk of the City of National City, California
By:
Deputy