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Resolutions
General 2 - Date
10/15/2002
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R-703
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RESOLUTION NO. 703 <br /> <br />A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE <br />CITY OF RIVERSIDE, CALIFORNIA, APPROVING THAT CERTAIN <br />AGREEMENT OF PURCHASE AND SALE AND ESCROW <br />INSTRUCTIONS BY AND BETWEEN THE REDEVELOPMENT <br />AGENCY OF THE CITY OF RIVERSIDE AND CHARLES AVILA <br />AND NAOMI AVILA <br /> <br /> WHEREAS, the Redevelopment Agency of the City of Riverside, California <br />("Agency") is engaged in activities necessary to execute and implement the Redevelopment Plan <br />for the Merged Downtown/Airport Industrial Redevelopment Project Area ("Redevelopment <br />Project Area"); and <br /> <br /> WHEREAS, in order to implement the Redevelopment Plan for the <br />Redevelopment Project Area, the Agency proposes to sell approximately 3,527 square feet of <br />vacant land within APN 213-222-006 and 213-222-008 (the "Property") located within the <br />downtown Main Street mall, pursuant to the terms and provisions of a certain Agreement of <br />Purchase and Sale and Escrow Instructions ("Agreement") by and between the Agency and <br />Charles Avila and Naomi Avila ("Buyer"); and <br /> <br /> WHEREAS, the Agreement proposes that the Agency will sell real property <br />located in the Redevelopment Project Area and which property is described in said Agreement <br />by entering into the Agreement with the Buyer; and <br /> <br /> WHEREAS, the proposed Agreement contains all the provisions, terms, <br />conditions aud obligations required by State and local law; and <br /> <br /> WHEREAS, the Agency has prepared, and the City Council has reviewed and <br />considered, a summary setting forth the cost of the Agreement to the Agency and has made said <br />summary available for public inspection in accordance with the California Community <br />Redevelopment Law, Health and Safety Code §33433; and <br /> <br /> WHEREAS, pursuant to provisions of California Community Redevelopment <br />Law, Health & Safety Code, the Agency and the City Council have noticed and held a duly <br />noticed joint public hearing on the proposed Agreement; and <br /> <br /> WHEREAS, the City Council has considered all terms and conditions of the <br />proposed Agreement, and has determined that the redevelopment of the Project pursuant to the <br />proposed Agreement is in the best interests of the City and in accord with thc public purposes <br />and provisions of applicable State and local laws. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of <br />the City of Riverside as follows: <br /> <br /> Section 1. The Agency hereby finds and deternfines that the sale of the <br />Property, pursuant to the Agreement of Purchase and Sale and Escrow Instructions between the <br />Agency and Buyer, will assist in the elimination of blight and is necessary to effectuate the <br />purposes of the Redevelopment Plan for the reasons set forth in the summary. <br /> <br /> <br />
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