Res 91-002RESOLUTION NO. 91-002
A RESOLUTION OF THE POWAY CITY COUNCIL APPROVING THE SALE BY
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 provision 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 provision 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, Poway Motors, Incorporated (hereinafter referred to
as the "Developer") has 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 at a price
less than fair value of the land for uses in accordance with the
Redevelopment Plan; and
WHEREAS, the proposed Agreement contains all the provisions,
terms and conditions, includes all obligations 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 and 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
interests of the City and health, safety, morals and welfare of its
residents, and in accord with the public purposes and provisions of
applicable State and local law requirements; and
Resolution No. 91-002
Page 2
NOW THEREFORE, THE City Council of the City of Poway does
hereby find, determine, 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 Redevelopemtn
Agency to the Developer by the Agency as described in the Agreement
is hereby approved.
PASSED, APPROVED AND ADOPTED this
1991.
ATTEST:
8th
~Jan~-~.IG° l~dsmi
day of January
:h, Mayor
Marjorie ~K. Wahlsten, City Clerk
Resolution No. 91-002
Page 3
COUNTY OF SAN DIEGO )
)
STATE OF CALIFORNIA )
ss.
I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do
hereby certify, under the penalty of perjury, that the foregoing
Resolution No. 91-002 , was duly adopted by the City Council at
a meeting of said City Council held on the 8th day of
Janua~ , 1991, and that it was so adopted by the
following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
EMERY, HIGGINSON, MCINTYRE, SNESKO, GOLDSMITH
NONE
NONE
NONE
Marjori~ K. Wahlsten, city Clerk
City of Poway
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