HomeMy WebLinkAboutRDA Resolution 09-2007RESOLUTION NO. 09-2007
REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO,
STATE OF CALIFORNIA
A RESOLUTION APPROVING A PURCHASE AND
SALE AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF
SOUTH SAN FRANCISCO AND CALIFORNIA WATER
SERVICE COMPAI\"Y FOR THE PURCHASE OF REAL
PROPERTY LOCATED AT 80 CHESTNUT AVENUE IN
SOUTH SAN FRANCISCO, AUTHORIZING THE
EXECUTION OF DOCUMENTS IN CONNECTION
THEREWITH AND APPROVING AN AMENDMENT
TO THE 2007-2008 CAPITAL IMPROVEMENT
PROGRAM BUDGET FOR A TOTAL OF $1,200,000
FROM AGENCY BOND PROCEEDS TO CAPITAL
IMPROVEMENT PR OJECT NO. 0720
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, California Water Service Company (the "Owner") is the owner of
real property in San Mateo County, California located at 80 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,
recordation of a first right of refusal to purchase adjacent property owned by California
Water Service Company, a copy of which is on file with the Agency Secretary; and
WHEREAS, the Agency previously set aside monies in the capital. budget for Project
No. 0720, "Orange Park Site Expansion/Site Acquisition"; and
WHEREAS, the Agency wishes to amend the capital budget for Project No. 0720
to a total budget of One Million 7Cwo Hundred Thousand Dollars ($1,200,000) to be
funded from Agency bond proceeds; 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 California Water Service Company.
2. Approves the amendment to the Capital Improvement Budget for a total budget of
$1,100,000 from RDA bond proceeds to Project No. 0720.
3. Authorizes the Executive Director of the Agency (or his designee) to execute the
Purchase and Sale Agreement, and to make such other changes, with the advice of
counsel, which do not rriaterially 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.
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 special meeting held on the
28th day of November, 2007 by thf; 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
ABSENT: