HomeMy WebLinkAboutRDA Resolution 07-2007
RESOLUTION NO. 07-2007
REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO,
STATE OF CALIFORNIA
A RESOLUTION EXECUTION OF A PURCHASE AND
SALE AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF
SOUTH SAN FRANCISCO AND RON M. AND
FLORINE J. PRICE FOR THE PURCHASE OF REAL
PROPERTY LOCATED AT ONE CHESTNUT STREET
IN SOUTH SAN FRANCISCO, AND AUTHORIZING
THE EXECUTION OF DOCUMENTS IN CONNECTION
THEREWITH
WHEREAS, the Redevelopment Agency of the City of South San Francisco ("Agency")
is a redevelopment agency existing pursuant to the Community Redevelopment Law, California
Health and Safety Code Section 33000, et seq., and pursuant to the authority granted thereunder,
has the responsibility to carry out the Redevelopment Plan ("Redevelopment Plan") for the
El Camino Corridor Area Project ("Project Area "); and
WHEREAS, Ron M. and Florine J. Price (the "Owners") are the owner of real
property in San Mateo County, California located at 1 Chestnut Avenue in the City of
South San Francisco, (the "Property"); and
WHEREAS, the Owners desire to sell the Property; and
WHEREAS, the Agency desires to acquire the Property to facilitate development
and construction of public benefits within the Project Area; and
WHEREAS, the Agency and the Owners have negotiated a purchase and sale
agreement ("Purchase and Sale Agreement") substantially in the form on file with the
Agency Secretary; and
WHEREAS, the Purchase and Sale Agreement conditions, among other things,
Agency's purchase of the Property on Agency's review and approval of the
environmental condition of the Property; and
WHEREAS, the Property is located in the Project Area, and the purchase of the Property
as provided for in the Purchase and Sale Agreement is consistent with and furthers the goals and
objectives of the Redevelopment Plan.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the
City of South San Francisco that it hereby:
1. Approves the purchase of the Property from Ron M. and Florine J. Price.
2. Authorizes the Executive Director of the Agency (or his designee) to execute the
Note, and to make revisions to the Purchase and Sale Agreement, and to make
such other changes, with the advice of counsel, which do not materially or
substantially increase the Agency's obligations thereunder, to sign all documents,
to make all approvals and take all actions necessary or appropriate to carry out
and implement the Purchase and Sale Agreement and to administer the Agency's
obligations, responsibilities and duties to be performed under the Purchase and
Sale Agreement.
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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
14th day of November, 2007 by the following 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
ATTEST:
ABSENT: None