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HomeMy WebLinkAboutCC Reso 2015-21 RESOLUTION NO. 2015-21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY, CALIFORNIA, AUTHORIZING THE CITY MANAGER TO OBJECT TO RIVERSIDE COUNTY TAX-DEFAULT PROPERTY SALE OF ASSESSOR PARCEL 670-213-009-4 AND EXECUTE AN APPLICATION AND AGREEMENTS NECESSARY TO PURCHASE THE PROPERTY FROM RIVERSIDE COUNTY FOR THE APPROXIMATE AMOUNT OF $29,715.90 PLUS NOTICING, APPLICATION AND ADMINISTRATIVE COSTS. WHEREAS, the Riverside County Treasurer-Tax Collector's office has notified public agencies of its intent to sell tax-defaulted property for purposes of collecting back taxes and penalties; and WHEREAS, the City of Cathedral City ("City") received notice of intent to sell tax defaulted property located at the northwest corner of Ramon Road and El Toro Road in the City, bearing Riverside County Assessor's Parcel Number 670-231-009-4 ("Property"); and WHEREAS, the City reviewed the Property and determined that it is desirable for stormwater and drainage management purposes; and WHEREAS, on April 8, 2015, the City Council authorized the City Manager to submit an Application to Purchase Tax-Default property and make a minimum bid offer for the Property; and WHEREAS, the Property lot size is approximately nine thousand, seven hundred and twenty six feet (9,726) square feet; and WHEREAS, the cost for the City's acquisition is approximately $29,715.90, plus all cost of sale including, but not limited to, title, due diligence and non-refundable cost of the legal notices published in the Desert Sun newspaper ("Acquisition Cost"); and WHEREAS, based on research conducted by City Staff, the fair market value of the Property is in excess of the Acquisition Cost, and is very likely well in excess of the Acquisition Costs; and WHEREAS, the City desires to purchase the Property from the Riverside County Treasurer-Tax collector, and has sufficient available funds to complete the purchase; and WHEREAS, the acquisition of the Property furthers the City's Mission of "moving Cathedral City forward with commitment, pride and excellence; creating a safe, inclusive and progressive community; providing quality service; valuing fairness, balance and trust; building partnerships; honoring our similarities and differences; celebrating our independent spirit." NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY, DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: SECTION 1. The recitals set forth above are hereby adopted as findings in support of this Resolution. SECTION 2. Objection to Public Sale. The City Council objects to the public sale of the Property. SECTION 3. Offer to Purchase. The City Council offers to purchase the Property bearing County Assessor's Parcel Number 670-213-009-4, more particularly described in Exhibit "A" and incorporated herein by reference, for the Acquisition Cost ($29,715.90, plus all costs of the sale associated therewith, including, but not limited to, title, due diligence and non-refundable cost of the legal notices published in the Desert Sun newspaper). SECTION 4. Council Approval. The City Council approves the specific purchase of the Property for the purchase price of the Acquisition Cost ($29,715.90, plus all costs of the sale associated therewith, including, but not limited to, title, due diligence and non-refundable cost of the legal notices published in the Desert Sun newspaper). SECTION 5. Funding. The City Council authorizes the use of City CIP funds to pay the Acquisition Cost for the purchase of the Property. SECTION 6. Designation of Authority. The City Manager is authorized to execute a Purchase and Sale Agreement and any other related documents necessary to purchase the Property. SECTION 7. Effective Date. The Mayor shall sign this resolution and the City Clerk shall attest thereto, and this Resolution shall take effect and be inforce on the date of its adoption. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Cathedral City held on this 8th day of April, 2015, by the following vote: Ayes: 5 - Council Members Aguilar, Carnevale and Kaplan; Mayor Pro Tern Pettis and Mayor Henry Noes: None Absent: None Abstain: None Stanley E. enry, M. or ATTEST: , - Gary F. H°•,well,:City Clerk APPROVED AS TO FORM: For harles R. Green, City Attorney EXHIBIT"A" LEGAL DESCRIPTION LOT 2 OF RANCHO VISTA ESTATES NO. 3, AS SHOWN ON THE MAP FILED IN BOOK 29, AT PAGES 87 AND 88 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. (ASSESSOR PARCEL NO. 670-213-009)