HomeMy WebLinkAboutRES NO 123-83 COUNCIL RESOLUTION NO. 123-83
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF BAKERSFIELD APPROVING AND AUTHORIZING
THE EXECUTION OF A DISPOSITION AND DEVEL
OPMENT AGREEMENT BETWEEN THE BAKERSFIELD
REDEVELOPMENT AGENCY AND MORELAND CORPORATION
WHEREAS, the Bakersfield Redevelopment Agency (the
"Agency") is carrying out the Redevelopment Plan (the
"Redevelopment Plan") for the Downtown Bakersfield Redevel-
opment Project (the "Project"); and
WHEREAS, the Agency has received a proposed Disposi-
tion and Development Agreement (the "DDA") from Moreland
Corporation (the "Redeveloper") as executed by the Redevel-
oper, providing for the sale of certain real property (the
"Site") to the Redeveloper for the development of a multi-
use office/retail complex; and
WHEREAS, the Community Redevelopment Law of the State
of California (Health and Safety Code Section 33000 et
seq.) provides in Section 33431 that any sale or lease of
Agency property may be made only after a public hearing of
the Agency after publication of notice as provided by law;
and
WHEREAS, the Community Redevelopment Law further pro-
vides in Section 33433, that before any property acquired,
in whole or in part, with tax increment monies, is sold or
leased for development pursuant to a redevelopment plan,
such sale or lease shall first be approved by the City
Council after a public hearing, that notice of the time and
place of the hearing shall be published in a newspaper of
general circulation in the community for at least two (2)
successive wee~s prior to the hearing, and that the Agency
shall make available for public inspection a copy of the
proposed sale or lease and a summary of the financial
aspects of t~e proposal; and
WHEREAS, notice of joint public hearing by the City
Council of the City of Bakersfield and the Agency was pub-
lisned in the Bakersfield Californian on October 3,
OctoDer 7, and October 11, 1983; and
WHEREAS, the Agency prepared a report pursuant to
Section 33433 of the Health and Safety Code containing a
copy of the DDA and a summary describing the cost of the
DDA to the Agency, the value of the property interest to be
conveyed, the purchase price and other information required
by said Section 33433, and said report was made available
to the public for inspection; and
WHEREAS, the City Council and the Agency held a joint
public hearing on October 18, 1983, in the City Council
Chambers to consider and act on the disposition and devel-
opment of the Site pursuant to the DDA; and
WHEREAS, an Environmental Impact Report for the pro-
posed Project was certified on August 17, !983;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
BAKERSFIELD DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The City Council hereby finds and deter-
mines that the consideration for the Site pursuant to the
DDA constitutes a fair and equitable price for the land
according to its value and taking into account the improve-
ments required to be built by the Redeveloper, and such
consideration is necessary to effectuate the purposes of
the Redevelopment Plan. This finding is based upon the
reasons contained in the financial summary prepared pur-
suant to Health and Safety Code Section 33433.
Section 2. The City Council hereby approves and
authorizes execution of the DDA by the Agency.
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I HEREBY CERTIFY that the foregoing Resolution was
passed and adopted by the Council of the City of Bakersfield at a
regular meeting thereof held on the 18th day of October, 1983, by
the following vote:
CItY CLERK'and ~x Officio Clerk of
Council of the City of Bakersfield
the
APPROVED this 18th day of October, 1983
MAYOR ~,/the City'of Bakersfield
APPROVED as to form:
C TY~AT~OR~N off'the ~ Bakersfield
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