2009-04 RESOLUTION NO. 2009-04
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF GRAND TERRACE, CALIFORNIA
AUTHORIZING THE PURCHASE OF CERTAIN CITY-OWNED
PROPERTY FOR AFFORDABLE HOSUING PURPOSES
WHEREAS, the City of Grand Terrace (hereinafter"City")is the owner of property
located at 11695 Canal Street, more particularly described in Exhibit"A" attached hereto; and
WHEREAS, said parcel was originally purchased by the Community Redevelopment
Agency of the City of Grand Terrace(hereinafter"Agency")using its Low and Moderate Income
Housing Fund in order to construct affordable housing pursuant to Health and Safetv Code
Section 33334.2; and
WHEREAS, the Agency has not been able to develop the property as affordable housing
or sell the property to an affordable housing developer because it was not feasible to develop
low,and moderate income housing that did not require an unreasonable subsidy; and
WHEREAS, the City purchased purchase the property for potential use as a City facility
on July 24, 2007; and
WHEREAS, the Agency now desires to repurchase the property for affordable housing
purposes with Low and Moderate Income Housing Funds.
NOW THEREFORE, THE COMMUNITY REDEVELOPMENT AGENCY DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. The foregoing recitals are true and correct and are incorporated hereat as if set
forth in full.
Section 2. The Agency agrees to purchase the property located at 11695 Canal Street for
$177,000 to the Agency, representing the fair market value of the subject property.
Section 3. The purchase by the Agency in is accordance with the Redevelopment Plan
adopted by the City.
Section 4. This resolution shall become effective immediately upon adoption.
PASSED AND ADOPTED by the Community Redevelopment Agency of the City of
Grand Terrace, California at a regular meeting held on the 12th day of May, 2009 by the
following vote:
ATTEST:
Agency Secretary Chairper of the Community
Redevel ment Agency
Resolution No. 2009-04
I, Brenda Mesa, City Clerk of the City of Grand Terrace, do hereby certify that the foregoing
Resolution was introduced and adopted at a regular meeting of the City Council of the City of
Grand Terrace held on the 12`h day of May, 2009, by the following vote:
AYES: -'�ouncilmembers Cortes, Miller and Stanckiewitz; Mayor
Pro Tem Garcia and Mayor Ferre
NOES: None
i
ABSENT: None
ABSTAIN: None
Brenda Mesa
City Clerk
Approved as to form:
John R. Harper,
a,en cj consel
a�
EXHIBIT A
Legal Description
11695 Canal Street
THAT PORTION OF LOT 4 AND A PORTION OF LOT 5, BLOCK "B", RESUBDIVISION
OF GRAND TERRACE TRACT AS PER PLAT RECORDED IN BOOK 1 OF RECORD OF
SURVEYS, PAGE 33, RECORDS OF THE COUNTY OF SAN BERNARDINO, DESCRIBED
AS FOLLOWS:
COMMENCING AT A POINT 247.81 FEET NORTHERLY ALONG THE CENTERLINE OF
MT. VERNON AVENUE FROM THE SOUTHERLY LINE OF LOT 4, RESUBDIVISION OF
GRAND TERRACE TRACT; THENCE NORTH 89 DEGREES 48' 16"WEST ON A LINE
PARALLEL TO SAID SOUTHERLY LINE OF LOT 4, 742.03 FEET TO THE TRUE POINT
OF BEGINNING;THENCE ALONG THE SAME LINE EXTENDED 291.76 FEET TO THE
SOUTHEASTERLY LINE OF THE RIGHT OF WAY OF THE GAGE CANAL AS SHOWN
ON MAP ON FILE IN BOOK 7, OF RECORDD OF SURVEYS, PAGES 88 TO 92,
RECORDS OF SAID COUNTY; THENCE NORTH 50 DEGREES 57' 41" EAST ALONG
SAID SOUTHEASTERLY LINE OF THE RIGHT OF WAY SAID GAGE CANAL, 300.99
FEET; THENCE CONTINUING ALONG SAID SOUTHEASTERLY LINE OF THE RIGHT
OF WAY OF SAID GAGE CANAL, NORTH 51 DEGREES 17' 20" EAST, 79.68 FEET;
THENCE SOUTH 01 DECGREES 00' 12"WEST, 240.36 FEET TO THE TRUE POINT OF
BEGINNING.
' THE ABOVE LEGAL DESCRIPTION IS PURSUANT TO CERTIFICATE OF
COMPLIANCE RECORDED NOVEMBER 6, 1986, AS INSTRUMENT NO. 86-330665,
OFFICIAL RECORDS.