Res 88-115RESOLUTION NO. 88-115
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF POWAY, CALIFORNIA,
APPROVING THE SALE OF CERTAIN REAL PROPERTY
PURSUANT TO AN AGREEMENT OF PURCHASE AND SALE
BETWEEN THE POWAY REDEVELOPMENT AGENCY
AND MCMILLIN COMMUNITIES
WHEREAS, the Poway Redevelopment Agency is authorized to conduct redevelop-
ment activities within the Paguay Project Area {"Project Area"}, which activi-
ties include the acquisition and conveyance of real property for private
development; and
WHEREAS, the Agency desires to enter into an Agreement of Purchase and Sale
("Agreement"} with McMillin Communities {"Developer") substantially in the form
approved hereby and on file in the City Clerk's Office, which Agreement provides
for the conveyance of certain real property located in the Project Area, which
real property is more particularly described in the Agreement, from the Agency
to the Developer for the development of an 17.8+ acre, 26 lot residential sub-
division {TTM 87-05); and -
WHEREAS, the Agency and the City Council of the City of Poway {"City
Council"} have conducted a duly noticed joint public hearing regarding the
Agreement in accordance with California Health and Safety Sections 33431 and
33433; and
WHEREAS, a copy of the Agreement and the summary setting forth the matters
required by California Health and Safety Code Section 33433 have been made
available for public inspection and copying.
NOW, THEREFORE, the City Council of the City of Poway does hereby resolve as
follows:
Section 1: The City Council finds and determines, based upon the testimony
and information presented during the public hearing with respect to the
Agreement, that the consideration for the real property to be conveyed to the
Developer by the Agency pursuant to the Agreement is the fair market value
thereof determined at the highest use permitted under the Redevelopment Plan for
the Project Area.
Section 2: The City Council hereby approves the sale of the real property
referred to in the recitals hereinabove to the Developer pursuant to the terms
and provisions of the Agreement and hereby approves all of the terms and provi-
sions of the Agreement.
PASSED, ADOPTED AND APPROVED, by the C~Council of the City of Poway,
California, at a regular meeting thereof ~Tls/4th day of October, 1988.
Carl R. ~ru~e, Deputy-Mayor
ATTEST:
Marjorie K~. Wahlsten, City Clerk
6/R/VALLEXt~
Resolution No. 88-115
Page 2
STATE OF CALIFORNIA )
) SS,
COUNTY OF SAN DIEGO )
I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify
under penalty of perjury that the foregoing Resolution No. 88-115 was duly
adopted by the City Council at a meeting of said City Council held on the 4th
day of October 1988, and that it was so adopted by the following vote:
AYES:
NOES: NONE
ABSTAIN: NONE
ABSENT: EMERY
BRANNON, HIGGINSON, KRUSE, TARZY
Marjorie . Wahlsten, Clerk
City of~P~Lay City