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Res 90-183RESOLUTION NO. 90483 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY APPROVING THE SALE OF POWAY REDEVELOPMENT AGENCY OF REAL PROPERTY IN THE PAGUAY REDEVELOPMENT PROJECT AREA, MAKING FINDINGS OF ENVIRONMENTAL IMPACT AND AUTHORIZING THE EXECUTION OF A DISPOSITION AND DEVELOPMENT AGREEMENT WHEREAS, the Poway Redevelopment Agency (hereinafter referred to as the "Agency"), under the provisions of the California Community Redevelopment Law, is engaged in activities necessary for the execution of the Redevelopment Plan for the Paguay Redevelopment Project Area (hereinafter referred to as the "Project Area:); and WHEREAS, in order to effectuate the provisions of that Redevelopment Plan, the Agency proposes to sell certain property owned by the Agency within the Project Area (hereinafter referred to as the "Site"), generally described and depicted on the attached "Site Map"; and WHEREAS, Bruce Carey and Eileen L. Carey (hereinafter referred to, collectively, as the "Developer") have submitted to the Agency a written offer in the form of a Disposition and Development Agreement (hereinafter referred to as the "Agreement") to purchase the site as a price less than the fair value of the Site, for uses in accordance with the Redevelopment Plan; and WHEREAS, the proposed Agreement contains all the provisions, terms and conditions, includes all obligation required by State and local law, and Developer possesses the qualifications and financial resources necessary to acquire and insure development of the Site in accordance with the purposes and objectives of the Redevelopment Plan for the Project; and WHEREAS, the Agency and the City Council of the City of Poway held a joint public hearing on the proposed sale of the Site pursuant to published notice as required by law; and WHEREAS, the Agency has duly considered all terms and conditions of the proposed sale and believes that the development of the Site pursuant to the subject Agreement is in the best interest of the City and the health, safety, morals and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law requirements. Resolution No. 90-183 Page 2 NOW, THEREFORE, the City Council of the City of Poway does hereby find, dete£mine, order and resolve as follows: Section 1. The recitals hereof are true and correct and are incorporated herein by reference. Section 2. The sale of the real property by the Poway Redevelopment Agency to the Developer by the Agency as described in the Agreement is hereby approved. PASSED, ADOPTED, AND APPROVED, by the City Council of the City of Poway, California, at a regular meeting thereof this 4th day of ~, 1990. Don Higginson, ATTEST: Marjo~i~K. Wahlsten, City Clerk 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. 90-183 was duly adopted by the City Council at a meeting of said City Council held on the 4~h day of September, 1990, and that it was so adopted by the following vote: AYES: BRANNON, EMERY, GOLDSMITH, KRUSE, HIGGINSON NOES: NONE ABSTAIN: NONE ABSENT: NONE C:~WP51~RES~CAREY1.RES Marjo~i~ K. Wahlsten, City Clerk City ~Poway SITE MAP Page 3 POR~ON OF POWAY SET LEAD & TAG S'P*4PD. ON PARCEL LINE EX-- . .~ - BASIS OF BEARING STI~PD. RCE 9647 PER 0.10' N'LY OF POWAY ROAD SEARCHED. / SET NTNO. VARIES 131.68' PrR ROS I I I ~ ~ I~ ~ 50'X 2' MURAL INGRESS AND EGRESS ~ I ~ ~ J~ ~l~ R~SER~D HEREON FOR PARCELS 1 AND ACRES NET ~ J ROS 10274) N89'~'43'W 619.96' / ' MAP 6950) J ~ CITY OF POWAY