Reso 18-005RESOLUTION NO. OSB 18-005
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE POWAY REDEVELOPMENT
AGENCY APPROVING THE SALE OF CERTAIN REAL PROPERTY
LOCATED AT 14082 STOWE DRIVE TO MOHAN PATEL AND ANIL
PATEL PURSUANT TO THE LONG-RANGE PROPERTY
MANAGEMENT PLAN AND RELATED ACTIONS
WHEREAS, Assembly Bill 26X1, as amended by AB 1484, AB 1585, SB 341, SB 107, and
other statutes, together, being referenced below as the "Dissolution Act" dissolved redevelopment
agencies and required successor agencies to wind down redevelopment agencies' affairs;
WHEREAS, pursuant to the Dissolution Act, all real property owned by the dissolved Poway
Redevelopment Agency has been transferred to the control of the Successor Agency to the Poway
Redevelopment Agency (the "Successor Agency");
WHEREAS, Health and Safety Code section 34191.5(b) requires the Successor Agency to
prepare a long-range property management plan (the "LRPMP") that addresses the disposition and
use of the real properties of the former Poway Redevelopment Agency within six months of receiving
a "finding of completion;"
WHEREAS, Health and Safety Code section 34191.5(b) also requires the Successor
Agency to submit the LRPMP to its Oversight Board and the California Department of Finance (the
"DOF") for approval,
WHEREAS, on December 2, 2015, DOF approved the LRPMP prepared by the Successor
Agency and approved by the Oversight Board to the Successor Agency to the Poway
Redevelopment Agency (the "Oversight Board");
WHEREAS, DOF's letter approving the LRPMP provides that "pursuant to HSC section
34191.3(a) the approved LRPMP shall govern, and supersede all other provisions relating to, the
disposition and use of all the real property assets of the former redevelopment agency;"
WHEREAS, the LRPMP provides for the sale of the property located at 14082 Poway Road
in the City of Poway, and shown in the attached Exhibit A — Vicinity Map (the "Property") and
provides for distribution of the proceeds to affected taxing agencies;
WHEREAS, in February 2018, staff began advertising to adjacent property owners, local
commercial realtors, local and regional real estate companies, real estate trade organizations,
people on the City -maintained interest list, and information was placed on the City's website and
commercial real estate websites LoopNet, Costar and OpSites;
WHEREAS, staff received one bid for the Property for $501,000;
WHEREAS, the Successor Agency desires to sell the Property to Mohan Patel and Anil Patel
(the "Buyers") for $501,000 ("Purchase Price"), which represents the highest offer received for the
Property;
Resolution No. OSB 18-005
Page 2
WHEREAS, the Successor Agency and the Buyers prepared a proposed Purchase and Sale
Agreement which provides for the sale of the Property to the Buyers for the Purchase Price;
WHEREAS, on April 3, 2018, the Successor Agency adopted a resolution recommending
approval to the Oversight Board of a Purchase and Sale Agreement for the sale of certain real
property to the Buyers pursuant to the Long -Range Property Management Plan, and related actions;
WHEREAS, public notice of the Oversight Board's proposed approval of the sale of the
Property to the Buyers was published in a newspaper of general circulation on April 12, 2018;
WHEREAS, the sale of properties by the Successor Agency (i.e. the former Poway
Redevelopment Agency) is exempt from the California Environmental Quality Act (CEQA), pursuant
to section 15061(b)(3) of the CEQA Guidelines, in that the sale of governmental property will not
result in an impact on the environment. Future actions regarding the Property will be subject to
further environmental assessment; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred
NOW, THEREFORE, BE IT RESOLVED by the Governing Board of the Successor Agency
to the Poway Redevelopment Agency, as follows:
Section 1: The foregoing recitals are true and correct and are a substantive part of this
Resolution.
Section 2: The Oversight Board hereby approves the sale of the Property from the Successor
Agency to the Buyers in the sum of Five Hundred One Thousand Dollars ($501,000) pursuant to
the Purchase and Sale Agreement presented at this meeting.
Section 3: If any provision of this Resolution or the application of any such provision to any
person or circumstance is held invalid, then such invalidity shall not affect other provisions or
applications of this Resolution that can be given effect without the invalid provision or application,
and to this end the provisions of this Resolution are severable. The Oversight Board declares that
it would have adopted this Resolution irrespective of the invalidity of any particular portion of this
Resolution.
Section 4: This Resolution shall take effect upon the date of its adoption.
PASSED, ADOPTED AND APPROVED by the Oversight Board to the Successor Agency
of the Poway Redevelopment Agency at a regular meeting this 23rd day of April 2018.
f �
Lois Fong Sakai, Ohair
ATTEST:
Y4141�
N ncy a felt, Secretary
Resolution No. OSB 18-005
Page 3
STATE OF CALIFORNIA )
) SS
COUNTY OF SAN DIEGO )
I, Nancy Neufeld, Secretary of the Oversight Board to the Successor Agency of the
Redevelopment Agency, do hereby certify, under penalty of perjury, that the foregoing
Resolution No. OSB 18-005 was duly adopted by the Oversight Board to the Successor Agency
of the Poway Redevelopment Agency at a meeting of said Board held on the 23rd day of April
2018, and that it was so adopted by the following vote:
AYES: FONG-SAKAI, HERNDON, LYON, CONIGLIO
NOES: NONE
ABSENT: LITTLE, SCOTT
DISQUALIFIED: NONE
Na cy a eld?Secretary
Oversight Board to the Successor Agency
of the Poway Redevelopment Agency