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Res 01-003RESOLUTION NO. 01-003 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA AUTHORIZING THE SALE OF A PORTION OF 13202 POWAY ROAD APN 317-101-10 WHEREAS, the City of Poway owns that certain real property located at 13202 Poway Road, consisting of approximately 15,000 square feet of land, upon which the Community Services building is located; and WHEREAS, on May 9, 2000 the City Council and the Redevelopment Agency approved a targeted rehabilitation loan for the Poway Library Plaza to be developed by Meissner Jacquet Investment Management Services on adjacent property and on so much of the City property as the City is willing to sell to the developer; and WHEREAS, on December 18, 2000 the City and Meissner Jacquet executed an Option Agreement granting to the developer an option to purchase for $17.00 per square foot the square footage of the property in excess of the minimum lot size and agreeing to reconfigure the lot by means of a lot line adjustment to accommodate the redevelopment of the Poway Library Plaza and the continued use by the City of the Community Services building; and WHEREAS, the portion of the property to be sold to Meissner Jacquet is needed for the redevelopment of the Poway Library Plaza, is surplus to the needs of the City, and is sold for the fair market value thereof. NOW, THEREFORE, BE IT RESOLVED by the city council of the City of Poway as follows: Section 1. The sale of that portion of 13202 Poway Road in excess ofthe minimum lot size as depicted in the lot line adjustment plat on the terms and conditions set forth above is hereby approved, subject to the execution of a reciprocal access and parking agreement approved by the City Attorney. Section 2. The City Council declares that the subject property is surplus to the City's needs, is needed for the redevelopment of the adjoining property, that said redevelopment serves an important public purpose, and that the property is sold for fair market value pursuant to the terms of the previously executed Option Agreement. Section 3. The City Manager is hereby authorized to execute the grant deed, reciprocal access and parking agreement, and any and all other documents necessary to complete the sale of the subject property on the terms and conditions approved hereby. Section 4. Resolution No. Page 2 This Resolution shall take effect upon its adoption by this Council. ~1-003 PASSED, ADOPTED, and APPROVED by the City Council of the City of Poway, California, at a regular meeting this 16th day of January 2001. ATTEST: Michael P.~___~ ~r ~[~Mayor Lori Anne Peoples, City Clerk STATE OF CALIFORNIA ) ) SS COUNTY OF SAN DIEGO ) I, Lori Anne Peoples, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 0t-003 was duly adopted by the City Council at a meeting of said City Council held on the 16th day of January, 2001 and that it was adopted by the following vote: AYES: EMERY, GOLDBY, HIGGINSON, REXFORD, CAFAGNA NOES: NONE ABSTAIN: NONE ABSENT: NONE Lori Anne Peoples, City Clerk- ' City of Poway