R-795 - Laserfiche WebLink

Home

I RESOLUTION NO. 795 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, CALIFORNIA, APPROVING THE SALE OF REAL PROPERTY AND THAT CERTAIN DISPOSITION AND DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF RIVERSIDE, THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE AND MARY ERICKSON COMMUNITY HOUSING DEVELOPMENT CORPORATION WHEREAS, the Redevelopment Agency of the City of Riverside, California ("Agency") is engaged in activities necessary to execute and implement the Redevelopment Plans for the Project Areas within the City, including increasing, improving and preserving the community's supply of housing available to low and moderate income households at an affordable housing cost; and WHEREAS, in order to implement the Redevelopment Plans, the Agency proposes to sell the parcel of real property located at 2550 Fourteenth Street known as Assessor's Parcel Number 221-084-015 ("Property"), pursuant to the terms and provisions of a certain Disposition and Development Agreement ("Agreement") by and among the City of Riverside ("City"), the Agency and Mary Erickson Community Housing Development Corporation ("Developer"); and I WHEREAS, the proposed Agreement contains all the provisions, terms, conditions and obligations required by State and local law; and WHEREAS, the Agency and the City Council have noticed and held a duly noticed joint public hearing on the proposed Agreement and disposition of the Property; and WHEREAS, the disposition of the Property pursuant to the Agreement qualifies as a small housing project as defined in Health and Safety Code Section 33433(c)(I); and WHEREAS, the Agency has considered all terms and conditions of the proposed Agreement, and has determined that the approval of the Agreement and sale of the Property is in the best interests of the City and in accord with the public purposes and provisions of applicable State and local laws. NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of Riverside as follows: Section 1. The Agency hereby finds and determines that the sale of the Property, pursuant to the Agreement between the City, Agency and Developer will provide housing available to low income households in conformity with the Redevelopment Plans, the Agency's Implementation Plan and the California Community Redevelopment Law. I Section 2. The Agency hereby authorizes the Executive Director or his designee to execute the Agreement, including making minor, non-substantive changes to the Agreement, and to sign all documents and instruments necessary to implement and carry out this Agreement on behalf of the Agency. -1-