R 4292 RESOLUTION NO. 4292
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO
GRANDE APPROVING A PROPERTY CONVEYANCE AGREEMENT
BETWEEN THE CITY AND THE ARROYO GRANDE
REDEVELOPMENT AGENCY TO EFFECT THE SALE TO, AND
PURCHASE BY, THE AGENCY OF APPROXIMATELY 7.16 ACRES OF
CITY -OWNED PROPERTY COMMONLY KNOWN AS THE PEARWOOD
HILLS PROPERTY
WHEREAS, City is the owner in fee of that certain real property consisting of
approximately 7.16 acres of land area, commonly known as the Pearwood Hills
property, located on the north side of Huasna Road at the east edge of the City limits,
which real property is currently the subject of proceedings to annex the property to the
City ( "Property"); and
WHEREAS, Agency is a public body, corporate and politic, exercising governmental
functions and powers and organized and existing under the Community Redevelopment
Law of the State of California (California Health and Safety Code Section 33000 et
seq.); and
WHEREAS, City is authorized by Government Code Section 37350 to dispose of real
property owned by it for the common benefit; and
WHEREAS, City and Agency propose to enter into that certain Property Conveyance
Agreement to effect the sale of the Property by the City to Agency for Nine Hundred
Eighty Thousand Dollars ($980,000.00) which is the fair market value of the Property as
determined by an independent appraisal; and
WHEREAS, on June 1, 2010, the Planning Commission considered and approved a
project consisting of a tentative tract map and planned unit development on the property
for intended conveyance to the Agency and found it to be consistent with the General
Plan; and
WHEREAS, all actions required to be taken by the City Council precedent to adopting
this Resolution have been taken in accordance with applicable law.
NOW, THEREFORE, the City Council of the City Arroyo Grande resolves as follows:
Section 1. The foregoing Recitals are true and correct and incorporated herein.
Section 2. The City Council hereby approves the Property Conveyance Agreement in
the form reviewed by the City Council concurrently with the adoption of this Resolution
and authorizes and directs the Mayor to sign the Property Conveyance Agreement on
behalf of the City. The City Manager and City Attorney are authorized to make any final
technical or clerical modifications to the form of Property Conveyance Agreement
approved hereby prior to its execution by the Mayor. In approving the Property
Conveyance Agreement the City Council finds and determines that the sale of the
RESOLUTION NO. 4292
PAGE 2
Property to the Agency is for the benefit of the City and promotes the public health and
welfare of its residents by effecting a conveyance that will lead to the redevelopment of
the Property while at the same time disposing of property for fair market value to the
benefit of the City's general fund.
Section 3. The City Manager is authorized and directed to sign such other and further
documents and instruments, and to take such other and further actions, as may be
required to effectuate the Property Conveyance Agreement and the purposes of this
Resolution on behalf of the City.
Section 4. The City Clerk shall certify to the adoption of this Resolution.
On motion of Council Member Costello, seconded by Council Member Fellows, and on
the following roll call vote, to wit:
AYES: Council Members Costello, Fellows, Ray, Guthrie, and Mayor Ferrara
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 22 day of June 2010.
RESOLUTION NO.
PAGE 3
TONY F ARA, MAYOR
ATTEST:
KELLY W TM E, CITY CLERK
APPROVED AS TO CONTENT:
ST VEN ADAMS, CITY MANAGER
APPROVED AS TO FORM:
TIM THY J. MEL, CITY ATTORNEY
OFFICIAL CERTIFICATION
1, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis
Obispo, State of California, do hereby certify under penalty of perjury, that the attached
Resolution No. 4292 is a true, full, and correct copy of said Resolution passed and
adopted at a Regular meeting of the City Council /Redevelopment Agency of the City of
Arroyo Grande on the 22 day of June 2010.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 25"" day of
June 2010.
KE4
T RE, CITY CLERK