Home
Clerk
>
Redevelopment Agency
>
Resolutions
>
2005
>
R-779
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/22/2005 4:51:18 PM
Creation date
11/22/2005 4:50:58 PM
Metadata
Fields
Template:
General
General - Type
Resolutions
General 2 - Date
11/15/2005
Number
R-779
Description
Purchase and sale between Redevelopment Agencya and TSJ Electrical and Communications
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
RESOLUTION NO. 779 <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 TSJ ELECTRICAL & <br />COMMUNICATIONS, INC. <br /> <br /> WHEREAS, the Redevelopment Agency of the City of Riverside, California ("Agency") <br />is engaged in activities necessary to execute and implement the Redevelopment Plan for the <br />Merged Downtown/Airport Industrial Redevelopment Project Area ("Redevelopment Project <br />Area"); and <br /> <br /> WHEREAS, in order to implement the Redevelopment Plan for the Redevelopment <br />Project Area, the Agency proposes to sell 2.42 acres of surplus property, (the "Property") located <br />at 7490 Jurupa Avenue, pursuant to the terms and provisions ora certain Agreement of Purchase <br />and Sale and Escrow Instructions ("Agreement") by and between the Agency and TSJ Electrical <br />& Communications, Inc. ("Buyer"); and <br /> <br /> WHEREAS, the Agreement proposes that the Agency will sell to Buyer real property <br />located in the Redevelopment Project Area and which property is described in said Agreement; <br />and <br /> <br /> WHEREAS, the proposed Agreement contains all the provisions, terms, conditions and <br />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 thc cost of the Agreement to the Agency and including the <br />sale of real property to the Buyer and has made said summary available for public inspection in <br />accordance with the California Community Redevelopment Law, Health and Safety Code section <br />33433 ("Section 33433 Report"); and <br /> <br /> WHEREAS, pursuant to provisions of California Community Redevelopment Law, <br />Health & Safety Code, the Agency and the City Council have noticed and held a duly noticed <br />joint public hearing and on the proposed Agreement; and <br /> <br /> WHEREAS, the City Council has considered all terms and conditions of the proposed <br />Agreement, and has determined that the sale of the Property pursuant to the proposed Agreement <br />is consistent with the Redevelopment Plan and in the best interests of the City and in accord with <br />the public purposes and provisions of applicable State and local laws. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of thc City <br />of Riverside as follows: <br /> <br /> Section 1. The Agency hereby finds and determines that the sale of the Property, <br />pursuant to the Agreement between the Agency and Buyer, will assist in the elimination of blight <br />and is necessary to effectuate the purposes of the Redevelopment Plan for the reasons set forth in <br />the Section 33433 Report. <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.