HomeMy WebLinkAboutResolution 030-85 RESOLUTION NO. 30-85
A RESOLUTION OF THE COUNCIL OF THE CITY OF ATASCADERO
APPROVING ACQUISITION AND CONVEYANCE OF LAND AT 10165
EL CAMINO REAL FOR THE ATASCADERO SENIOR CITIZENS
CONGREGATE RENTAL UNITS PROJECT (YOUNG/COMMUNITY
DEVELOPMENT BLOCK GRANT)
WHEREAS, the State of California' s Department of Housing and Com-
munity Development has approved funds in the amount of $600 , 000 to
accomplish senior citizens housing project activity under the Housing
and Community Development Act of 1974 as amended; and
WHEREAS, California Manor has received approval of Conditional Use
Permit 3-84 (as amended December 3, 1984) for a 95 unit senior citi-
zens congregate housing project utilizing a Farmers Home Administra-
tion loan for construction and a Community Development Block Grant to
provide for site acquisition; and
WHEREAS, Community Development Block Grant funds are to be used to
purchase the site and shall be applied on a dollar-for-dollar basis to
reduce the Farmers Home Administration mortgage; and
WHEREAS, the City has entered into a development agreement and a
regulatory agreement to implement said project; and
WHEREAS, the grant agreement with the Department of Housing and
Community Development provides for up to $577,500 towards purchase of
said site; provided that, in no event, would more than fair market
value be paid; and
WHEREAS, an appraisal has been prepared by Dennis E. Greene and
Company establishing a fair market value for the site of $532, 000 ; and
WHEREAS, acquisition of this property for the provision of low
cost senior citizen housing is in conformity with the City' s adopted
General Plan.
NOW, THEREFORE, the Council of the City of Atascadero resolves as
follows:
Section 1.
The Council authorizes the City Manager-as soon as programatically
feasible after receipt of California Manor ' s fee simple title to the
project site-reimburse California Manor , utilizing $532, 000 of the
awarded Community Development Block Grant funds for said fee simple
title for the site at 10165 E1 Camino Real more particularly described
as follows:
i 5
Parcel A of Parcel Map AT 81-183, from the City of Atascadero,
County of San Luis Obispo, State of California, filed for record
November 25 , 1981 in the Office of the County Recorder of said
County in Book 31 at Page 26 of Parcel Maps (APN: 30-461-13) .
Funds are to be transferred to the seller of the site upon close
of escrow. California Manor shall bear the fees of transfer of
title to the City.
Section 2.
The Council further authorizes the City Manager to convey the pro-
ject site for the amount of one dollar with any and all escrow expen-
ses incurred to be paid by California Manor . The City is authorized
to execute and record all documents of title transfer for said
property.
-On motion by Councilman Molina , and seconded by Councilwoman ►
mnrrig the foregoing resolutidn is hereby adopted in its
entirety by the following vote:
AYES: Councilman Handshy and Molina; Councilwoman Mackey and Norris
and Mayor Nelson.
NOES: None
ABSENT: None
DATE ADOPTED: 4-22-85
CITY OF TASCADERO, CALIFORNIA
By
ROL D NELSON, Mayor
ST:
ROBERT ty Clerk
APPROVED AS TO FORM:
ak&,Vv
ALLEN GRIMES, City Attorney
APPROVED AS TO CONTENT:
ffCHAEL SHELT , City Manager