HomeMy WebLinkAboutCC RESO 2018-20RESOLUTION NO. 2018 — 20
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CITY MANAGER TO EXECUTE A COMPENSATION
AGREEMENT WITH THE AFFECTED TAXING ENTITIES PERTAINING TO
THE SALE OF PROPERTY LOCATED AT 130 EAST 8TH STREET
IN NATIONAL CITY TO PROTEA NATIONAL CITY, LLC, PURSUANT
TO THE REVISED LONG RANGE PROPERTY MANAGEMENT PLAN
WHEREAS, the Community Development Commission as the National City
Redevelopment Agency ("Redevelopment Agency") owned that certain real property generally
located at 130 East 8th Street (Assessor's Parcel Nos. 569-472-26) within the City of National
City, County of San Diego, State of California ("Property"); and
WHEREAS, pursuant to California Health and Safety Code Section 34172, the
Redevelopment Agency was dissolved by operation of law as of February 1, 2012, and pursuant
to California Health and Safety Code Section 34173, the Successor Agency to the Community
Development Commission as the National City Redevelopment Agency ("Successor Agency")
became the successor agency and successor -in -interest to the Redevelopment Agency,
confirmed by Resolution No. 2012-15 adopted on January 10, 2012, by the City Council of the
City of National City ("City"); and
WHEREAS, in accordance with California Health and Safety Code Section
34191.5, the Property was listed on the Successor Agency's Revised Long Range Property
Management Plan ("Revised LRPMP"), which provides that the Property is to be sold at fair
market value, and the Revised LRPMP has been approved by the Oversight Board of the
Successor Agency ("Oversight Board") and the California Department of Finance ("DOF"); and
WHEREAS, at its regular meeting on May 17, 2016, the Successor Agency met and
pursuant to Resolution No. 2016-77 approved the transfer of the Property, among other properties, from
the Successor Agency to the City in accordance with the Revised LRPMP; and
WHEREAS, at its regular meeting on May 17, 2016, the City Council met, and
pursuant to Resolution No. 2016-70, accepted the transfer of the Property, among other properties,
from the Successor Agency to the City in accordance with the LRPMP; and
WHEREAS, in accordance with the DOF-approved Revised LRPMP, the net
proceeds from the sale of the Property pursuant to the Purchase and Sale Agreement will be
distributed as property tax to each taxing entity in an amount proportionate to its share of
property tax revenues; and
WHEREAS, on January 16. 2018, the City Council adopted Resolution No. 2018-
2, approving the sale of the property located at 130 East 8th Street to Protea National City, LLC;
and
WHEREAS, pursuant to Health and Safety Code Section 34188, upon the sale of
any Future Development Parcel, the City shall remit the hereinafter defined "Net Unrestricted
Sales Proceeds" for such Future Development Parcels among the affected taxing entities on a
pro rata basis in proportion to each entity's respective share of the property tax base; and
WHEREAS, all of the affected taxing agencies have approved the Compensation
Agreement as to form, which includes the County of San Diego, National School District,
Resolution No. 2018 — 20
Page Two
Sweetwater Union High School District, Southwestern College, San Diego County Office of
Education, San Diego County Water Authority, and the City of National City; and
WHEREAS, the sales price of the property is $520,000, with an estimated
$24,700 being deducted for holding costs incurred by the City for marketing and managing the
property, and when the sale is finalized, the net sale proceeds of $495,300 will be distributed to
the taxing entities based on each entity's proportional share of base property tax for the parcel;
and
WHEREAS, according to County Auditor and Controller records, the City's
proportional share for the parcel is 17.992109%, resulting in $89,114.87 in estimated revenue.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorizes the City Manager to execute a Compensation Agreement with
the affected Taxing Entities pertaining to the sale of the property located at 130 East 8th Street
in National City sold to Protea National City, LLC, pursuant to the Revised Long Range Property
Management Plan. A copy of said Compensation Agreement is on file in the office of the City
Clerk.
ATTEST:
A
Mic ael R. Dalla, ty Clerk
PASSED and ADOPTED this 6th day of February, 018.
Ron orrison, Mayor
APPROVED AS TO FORM:
Angil
Cittorney
s- . nes
Passed and adopted by the Council of the City of National City, California, on
February 6, 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
City erk of the City of rational City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2018-20 of the City of National City, California, passed and adopted
by the Council of said City on February 6, 2018.
City Clerk of the City of National City, California
By:
Deputy