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HomeMy WebLinkAboutReso RDA 01-2005RESOLUTION NO. 01-2005 REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO STATE OF CALIFORNIA A RESOLUTION APPROVING THE PURCHASE AND SALE AGREEMENT FOR THE PROPERTY LOCATED AT 380 AUI'A VISTA DRIVE AND AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE THE AGREEMENT AND CERTIFICATE OF ACCEPTANCE WHEREAS, the residential property located at 380 Alta Vista Drive has, over the years, become dilapidated and a continuing source of concern for the neighborhood due to illegal construction and upward of six living units within the dwelling; and WHEREAS, the Agency will rehabilitate the property, and after rehabilitation is complete, will lease it as a single family residence with a possible residential second unit both of which may be leased by persons of very low and/or low income; and WHEREAS, sufficient funds are available from the Agency's low and moderate income housing funds to acquire and rehabilitate the property. NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of South San Francisco that the Redevelopment Agency hereby approves the Purchase and Sale Agreement for the property located at 380 Alta Vista Drive and authorizes the Executive Director to execute the Agreement and Certificate of Acceptance. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a regular meeting held on the 26th day of January 2005 by the following vote: AYES: Boardmembers Richard A. Garbarino, Pedro Gonzalez, and Karyl Matsumoto, Vice Chair Joseph A. Femekes and Chair Raymond L. Green NOES: None. ABSTAIN: None. ABSENT: None ATTEST://~' ~',,~ '~/"~), ~ :~_~ / Clerk