HomeMy WebLinkAboutRDA Resolution 05-2007
RESOLUTION NO. 05-2007
REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO,
STATE OF CALIFORNIA
A RESOLUTION APPROVING AN AMENDED
PURCHASE AND SALE AGREEMENT FOR THE SALE
OF UNIMPROVED PROPERTY FROM THE CITY AND
COUNTY OF SAN FRANCISCO PUBLIC UITLITlES
COMMISSION TO THE REDEVELOPMENT AGENCY
OF THE CITY OF SOUTH SAN FRANCISCO
WHEREAS, the City and County of San Francisco owns a certain unimproved
located in South San Francisco, east of the BART SFO Extension right-of-way, more
particularly described in Exhibit A, which is incorporated by reference and attached
hereto; and
WHEREAS, the City and County of San Francisco desires to sell the property
and the Redevelopment Agency of the City of South San Francisco desires to
purchase the unimproved real property; and
WHEREAS, the Redevelopment Agency of the City of South San Francisco
desires to acquire the property to facilitate development and construction of public
benefits within the EI Camino Redevelopment Project area; and
WHEREAS, the Redevelopment Agency and the City and County of San
Francisco have mutually agreed to a purchase price of $21,060,000 for the
unimproved real property.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of
the City of South San Francisco that it hereby approves the purchase of the property
from the City and County of San Francisco and authorizes the Agency Director to
execute the Purchase and Sale Agreement, the Grant Deed and the escrow
instructions on behalf of the Redevelopment Agency.
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I hereby certify that the foregoing Resolution was regularly introduced and adopted
by the City Council of the: City of South San Francisco at a regular meeting held on the 11 th
day of July, 2007 by the DJIlowing vote:
AYES:
Councilmembers Mark N. Addiego, Joseph A. Fernekes and Karyl Matsumoto,
Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST:~-1u'~
Interi ity Clerk