Loading...
Resolution - 2006-77RESOLUTION NO.2006-77 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA APPROVING AND AUTHORIZING THE EXECUTION OF THE PURCHASE AND SALE AGREEMENT BY AND BETWEEN THE COMMUNITY DEVELOPMENT COMMISSION AND TROJAN TIRE CENTER, INC., AND MAKING CERTAIN FINDINGS IN CONNECTION • THEREWITH WHEREAS, the Community Development Commission of the City of West Covina (the "CDC") is engaged in activities necessary to carry out and implement the Redevelopment Plan as amended (the "Redevelopment Plan") for the West Covina Redevelopment Project Area (the "Project Area"); and WHEREAS, in order to carry out and implement such Redevelopment Plan the CDC proposes to enter into that certain Purchase and Sale Agreement (the "Agreement") with Trojan Tire Center, Inc. (the "Developer") for the development of certain property located'af 2533 E. Workman Avenue within the Project Area (the "Site"), all as described in the Agreement; and WHEREAS, the Site is approximately .26 acres in size and is composed of real property, owned by the CDC (referred to as Assessor Parcel Map Numbers 8453-001-902 and 8453-001- 904 collectively referred to as the "CDC's Parcels), which has been acquired by the CDC; and WHEREAS, the Developer desires to acquire fee simple title to the Site for the purpose of developing thereon an automobile tire and repair shop (the "Development"); and WHEREAS, the Developer and CDC are submitting to the CDC and the City Council of the City of West Covina (the "City Council") copies of the Agreement in a form executed by the Developer; and WHEREAS, pursuant to the Agreement, the CDC desires to convey fee title to the CDC's Parcels to the Developer in consideration for the Developer's construction and operation of the Development on the Site; and WHEREAS, pursuant to Section 33433 of the Community Redevelopment Law (California Health and Safety Code Section 33000, et seq.), the CDC is authorized, with the approval of the City Council after a duly noticed public hearing, to transfer the CDC's Parcels for development pursuant to the Redevelopment Plan upon a determination by the City Council that the transfer of the property will assist in the elimination of blight, that the consideration for such transfer is not less than either the fair market value or fair reuse value of the CDC's Parcels in accordance with the covenants and conditions governing the transfer and the development costs required thereof, and that the transfer is consistent with the Redevelopment Plan which has been adopted by the CDC for the Project; and WHEREAS, a joint public hearing of the CDC and City Council on the proposed Agreement was duly noticed in accordance with the requirements of Health and Safety Code Sections 33431 and 33433; and WHEREAS, the proposed Agreement, and a summary report meeting the requirements of Health and Safety Code Section 33433, were available for public inspection consistent with the requirements of Health and Safety Code Section 33433; and WHEREAS, on September 5, 2006, the CDC and City Council held a joint public hearing on the proposed Agreement, at which time the CDC reviewed and evaluated all of the • information, testimony, and evidence presented during the joint public hearing; and WHEREAS, all actions required by.all applicable law with respect to the proposed Agreement have been taken in an appropriate and timely manner; and WHEREAS, the CDC has reviewed the summary required pursuant to Health and Safety Code Section 33433 and evaluated other information provided to it pertaining to the findings required pursuant to Health and Safety Code Section 33433; and Resolution No. 2006-77 September 5, 2006 WHEREAS, the City Council has previously determined, in its adoption of the resolution. adding the Site to the West Covina Redevelopment Project, that the Site was blighted; and WHEREAS, the CDC has adopted a Redevelopment Plan pursuant to CRL Section 33490, which sets forth the objective of eliminating blight; and • WHEREAS, the Agreement furthers the goals of the CDC set forth in the Redevelopment Plan by removing such blighted conditions as it will facilitate the creation of a automobile tire and repair shop on underutilized properties, increase employment and tax revenues; and E WHEREAS, the City has duly considered all terms and conditions of the proposed Agreement and believes that the redevelopment of the Site pursuant thereto is in the best interests of the City of West Covina and the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws and requirements. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of West Covina as follows: SECTION l The City Council finds and determines that, based upon substantial evidence provided in the record before it, the consideration for the CDC's disposition of the CDC's Parcels pursuant to the terms and conditions of the Agreement is not less than the fair market value and the fair reuse value of the CDC's Parcels, in accordance with covenants and conditions governing the transfer, and the development costs required under. the Agreement. SECTION 2_ The City Council hereby finds and determines that the disposition of the Site pursuant to the Agreement will eliminate blight by the construction and development of the retail commercial center contemplated by the agreement within the Project Area by providing for the proper reuse and redevelopment of a portion of the Project Area, which was declared blighted for the reasons described above. SECTION 3 The City Council hereby finds and determines that the Agreement is consistent with the provisions and goals of the Five -Year Redevelopment Implementation Plan approved December 21, 2004, and with the provision and goals of the Redevelopment Plan as amended. SECTION 4 The City hereby finds and determines that the project is categorically exempt from the provisions of the California Environmental Quality Act ("CEQA") pursuant to California Code of Regulation, title 14, sections 15301 and 15302. SECTION 5- The City Council hereby concurs with the approval of the Agreement and concurs with the authorization that the Chairman of the CDC execute the Agreement on behalf of the CDC in substantially the form as presented in Exhibit A of the CDC Board Resolution approving the agreement. A copy of the Agreement when executed shall be placed on file in the office of the CDC Secretary/City Clerk. The Executive Director of the CDC, or his designee, is authorized to implement the Agreement and take all further actions and execute all escrow documents and other documents, -including amendments to the agreement, which are necessary or appropriate to carry out the Agreement. SECTION 6 The City Clerk shall certify to the adoption of this Resolution. PASSED AND APPROVED on this 5`h day September 2006. ATTEST: City Clerk Laurie Carrico 54_�� - Mayor Ste v erfert 2 Resolution No. 2006-77 September 5, 2006 • 0 I, LAURIE CARRICO, CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing resolution was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 5`h day of September 2006, by the following vote of the City Council: AYES: Lane, Sanderson, Herfert NOES: None ABSTAIN: Touhey ABSENT: Hernandez APPROVED AS TO FORM: City Attorney Aold Alvarez-Glasman i City Clerk Laurie Carrico