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Res 05-070 RESOLUTION NO. 05-070 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY CONSENTING TO THE APPROVAL OF A DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE POWAY REDEVELOPMENT AGENCY AND A LA CARTE, INC., AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH WHEREAS, the Poway Redevelopment Agency (the "Agency") is engaged in activities necessary to carry out and implement the Redevelopment Plan for the Paguay Redevelopment Project (the "Project"); and WHEREAS, in order to carry out and implement such Redevelopment Plan the Agency proposes to enter into that certain Disposition and Development Agreement (the "Agreement") with A La Carte, Inc. (the "Developer") for the development of certain property located within the Project Area adjacent to and west of Community Road, and sOluth of Hilleary Place in the City of Poway (the "Site"), all as described in the Agreement; and WHEREAS, the Developer desires to acquire the Site for the purpose of developing an office building (the "Office Development") on the Site, with associated parking and landscaping; and WHEREAS, the Purchase Agreement between the Agency and Jeffries, Pagnini & Nunn requires the Agency to provide Donald A. Nunn (the "Buyer") an opportunity to purchase the completed Office Development on the Site; and WHEREAS, the Developer and the Buyer have entered into a Purchase Agreement which provides for the Buyer to purchase the Site after the Office Development has been completed, and, in addition, the Agency and the Developer have concurrently entered a separate purchase agreement which provides for the Agency to purchase the Site after the completion of the Office Development in the event that the Buyer does not purchase the Site pursuant to the Purchase Agreement; and WHEREAS, the Developer has submitted to the Agency and the City Council of the City of Poway (the "City Council") copies of the Agreement in a form executed by the Developer; and WHEREAS, pursuant to the Agreement, the Agency would sell the Site to the Developer, and the Developer would construct the Office Development on the Site; and WHEREAS, the purchase price payable by Developer for the Site pursuant to the Agreement is not less than the fair reuse value of the Site, as determined by a reuse value analysis commissioned by the Agency; and WHEREAS, pursuant to Section 33433 of the Community Redevelopment Law (California Health and Safety Code Section 33000, et seq.), the Agency is authorized, with the approval of the City Council after a duly noticed public hearing, to sell the Site for development pursuant to the Redevelopment Plan upon a determination by the City Council that the sale of the property will either assist in the elimination of blight or provide affordable housing for low and moderate income persons, that the consideration for such sale is not less than either the fair market value or fair reuse value of the Site in Resolution No. 05-070 Page 2 accordance with the covenants and conditions governing the sale and the development costs required thereof, and that the sale is consistent with the implementation plan which has been adopted by the Agency for the Project; and WHEREAS, a joint public hearing of the Agency and City Council on the proposed Agreement was duly noticed in accordance with the requirements of Health and Safety Code Sections 33431 and 33433; and WHEREAS, the proposed Agreement, and a summary report meeting the requirements of Health and Safety Code Section 33433, were available for public inspection prior to the joint public hearing consistent with the requirements of Health and Safety Code Section 33433; and WHEREAS, on June 28, 2005, the Agency and City Council held a joint public hearing on the proposed Agreement, at which time the City Council reviewed and evaluated all of the information, testimony, and evidence presented during the joint public hearing; and WHEREAS, all actions required by all applicable law with respect to the proposed Agreement have been taken in an appropriate and timely manner; and WHEREAS, the City Council has reviewed the summary required pursuant to Health and Safety Code Section 33433 and evaluated other information provided to it pertaining to the findings required pursuant to Health and Safety Code Section 33433; and WHEREAS, the City Council has previously determined, in its adoption of the ordinance approving the Paguay Redevelopment Project, that the Site was blighted; and WHEREAS, the Agreement would provide for the elimination of such blighting conditions by providing for the construction of a high quality office building on the Site; and WHEREAS, the Agency has adopted an Implementation Plan pursuant to Health and Safety Code Section 33490, which identifies the goals and objectives of the enhancement and renovation of businesses to promote their economic viability; the expansion of the resource of developable land by making underutilized land available for development; the assembly and disposition of land into parcels suitable for modern, integrated development with improved pedestrian and vehicular circulation; and the replanning, redesign and development of underdeveloped areas, which are stagnant or improperly utilized; and WHEREAS, the Agreement will assist the Agency in meeting the objectives set forth in the Implementation Plan by providing for the development and operation of the Office Development on the Site; and Resolution No. 05-070 Page 3 WHEREAS, the City Council, as the Lead Agency pursuant to the California Environmental Quality Act, California Public Resources Code Section 21000, et seq. ("CEQA"), has adopted on May 31, 2005 a Mitigated Negative Declaration in connection with the City Council's approval of General Plan Amendment 05-01, Zone Change 05- 01, Specific Plan 05-01, Development Review (DR) 05-05, and DR 05-06; and WHEREAS, the City Council has duly considered all terms and conditions of the proposed Agreement and believes that the redevelopment of the Site pursuant thereto is in the best interests of the City of Poway and the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws and requirements. that: NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway Section 1. Each of the foregoing recitals is true and correct. Section 2. The City Council finds and determines that, based upon substantial evidence provided in the record before it, the consideration for the Agency's sale of the Site pursuant to the terms and conditions of the Agreement is not less than the fair reuse value of the Site, in accordance with covenants and conditions governing the sale, and the development costs required under the Agreement. Section 3. The City Council hereby finds and determines that the disposition of the Site pursuant to the Agreement will eliminate blight within the Project Area by providing for the proper reuse and redevelopment of a portion of the Project Area which was declared blighted for the reasons described above. Section 4. The City Council hereby finds and determines that the Agreement is consistent with the provisions and goals of the Implementation Plan. Section 5. The City Council hereby consents to the Agency's approval of the Agreement and its sale of the Site pursuant to the Agreement. Section 6. The City Council hereby finds and determines that there have been no substantial changes in the Office Development project or the circumstances under which the Office Development project is undertaken, and there is no new information with respect to the Office Development Project, which would require any further environmental analysis or approvals pursuant to CEQA. Section 7. This Resolution shall take effect from and after its date of adoption. Resolution No. 05-070 Page 4 PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway, at a regular meeting, this 28th day of June 2005. STATE OF CALIFORNIA ) ) ss. COUNTY OF SAN DIEGO) I, L. Diane Shea, City Clerk of the City of Poway, do hereby certify that the foregoing Resolution No. 05-070, was duly adopted by the City Council at a meeting of said City Council held on the 28th day of June 2005, and that it was so adopted by the following vote: AYES: BOYACK,EMERY,REXFORD,CAFANGA NOES: NONE ABSENT: HIGGINSON DISQUALIFIED: NONE ~,b~~ City of Poway