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Home My WebLink About10/20/1999 - STAFF REPORTS DATE: SEP1EMBER 15, 1999 TO: CONOAUNITY REDEVELOPMENT AGENCY FROM: ACTING DIRECTOR OF THE OFFICE OF MANAGEMENT&BUDGET PUBLICHEARINGFORTHE SALE OFA 10,918 SQUAREFOOT AGENCY-OWNED PARCEL TO EDDIE LEON SOMMERSET MARKETING, INC., FOR THE PURPOSE OF CONSTRUCTING A SINGLE FAMILY HOME RECOMMENDATION: It is recommended that the Agency approve the sale of an Agency-owned 10,918 square foot parcel at the corner ofDeborah Road and Rochelle Road in Desert Pads Estates to Eddie Leon-Sommerset Marketing,Inc. BACKGROUND: In May, 1998,the.City Council and Community Redevelopment Agency listed several unused properties for sale with a local real estate broker. To date,the City has sold one parcel and the Agency has another set of properties(one City-and one Agency-owned)under an Exclusive Agreement to Negotiate, pending the negotiation of a Disposition and Development Agreement. The subject property in this action is the second Agency-owned parcel to receive an acceptable offer. It was originally listed for$14,000,the average of the three competing brokers' estimates of value, but was reduced in price to $10,000 in November, 1998 because of a lack of interest in the site on the part of homebuilders or home buyers. Staff received an offer of$7,000 from another buyer in July, 1999. That buyer intended to construct anew home on the site. Because the offer was lower than the$10,000 listing price,staff commissioned R.F. Sweet&Associates to appraise the parcel. The appraised value was$8,000. Subsequently,staffcounter-offered the property at the appraised value of$8,000. The buyers did not raise their price,and the item was withdrawn prior to the public hearing. A new offer was received in September from Eddie Leon-Sommerset Marrketing, Inc., representing a residential builder that intends to construct a single family home on the lot. This offer was for$8,500, more than the most recent appraised price. Attached is a proposed resolution approving the sale of this property. JOHN S RA 0 / Acting irect ofManageanet0ireMr- ATTACHMENTS: /a APPROVED: t Execut 1. Resolution Pursuant to Section 37421,a seq. Cra _a PROOF OF PUBLICATION This is space for County Clerk's Filing Stamp (2015.5.C.C.P) STATE OF CALIFORNIA County of Riverside I am a citizen of the United States and a resident of Proof of Publication of the County aforesaid;I am over the age of eighteen — years,and not a party to or interested in the above-eutitled matter.I am the principal clerk of a printer of the,DESERT SUN PUBLISHING COMPANY a newspaper of general circulation, printed and published in the city of Palm Springs, No.2800 CITY OF _ County of Riverside,and which newspaper has been NOTICE OF P PUBLIC ALM PHEARING adjudged a newspaper of general circulation b the NOTICE IS HEREBY GIVEN, that the Community 1 gg y Redevelopment Agency of the City of Palm Springs Superior Court of the County of Riverside,State of will hold a Public Hearing in fhe City council California under the date of March 24,1988.Case Chambers, located at 3200 Tahquitz Canyon Wayy Palm Springs, California 92262, beq inning at 7:00 Number 191236;that the notice,of which the p m., Wednesday, October 20, 1999, to consider annexed is a printed co set in a not smaller the follow'"q: P PY( type Sale of 70,978 Sq. Ft. Property located than non panel,has been published in each regular on the comer of Deborah antl Rochelle Roads and entire issue of said newspaper and not in any All interested pe Coosa e of almviSpri tosattend the supplement thereof on the following dates,to wit: Public Hearingq and express opinions on the-item listed above. If you challenge the nature of the pro- posed action in court, you may be limited to rais- in g only those issues yyou or someone else raised at the Public Hearing tlascribed in this notice,or in written correspondence delivered to the City Clerk, at the address,listed above, at or prior to the Pub- lic Hearing. Further information, in accordance with Health and Safety Code Section 33433,is available in the Eco- nomic Development Department, at the above ad- dress. AB in the year 1999 PUB: Oct. 4, 11, 119919 IA A. SANDERS, City Clerk I certify(or declare)under penalty of perjury that the foregoing is true and correct. 12th Dated at Palm Springs,California this day October of , ,1999 t2SL c`�X�lJ,ty...� Signature c'� r RESOLUTION NO. 1085 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTION 37421 HL Ug.FOR THE SALE OF AGENCY-OWNED PROPERTY WHEREAS, the Community Redevelopment Agency of the City of Palm Springs is desirous of selling certain Agency-owned property located in the City of Palm Springs ("Sale Property'), located at the corner of Rochelle Road and Deborah Road,in accordance with Government Code Section 37420 cl=.; WHEREAS, the Community Redevelopment Agency is informed that Eddie Leon-Sommerset Marketing, Inc. ("Buyer") has applied to the City for the purchase the Sale Property; WHEREAS, the Agency finds that there is no present or anticipated future use of the Sale Property for public purposes,and that the Sale Property is zoned for single family residential use; WHEREAS, the sale of the Sale Property is consistent with the City's General Plan; WHEREAS, the Agency has performed an appraisal of the Sale Property, through the services of R.F. Sweet&Associates, and is satisfied that the report by R.F. Sweet&Associates provides a reasonably accurate assessment of the fair market value of the Sale Property for$8,000; WHEREAS,the Agency has published notice of the public hearing for October 20, 1999 at 7 p.m. for consideration of the sale of the Sale Property, pursuant to California Government Code Sections 37421, 37422 and 37423, NOW,THEREFORE,BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs as follows: SECTION 1. The Agency hereby finds that the sale of the Agency-owned property located at the southeast corner of Rochelle Road and Deborah Road, more specifically described as Assessors Parcel Number 501-294-018, to Eddie Leon-Sommerset Marketing, Inc., is in the public interest because the Sale Property is zoned for single family residential development and the Buyer proposes to construct a new home on the Sale Property. SECTION 2. The Agency hereby finds that the sale of the Sale Property for the collective amount of$8,500 is in the public interest and is not below the fair market value of the Sale Property. SECTION 3. The Agency hereby finds that no protest was made pursuant to California Government Code Section 37425 for the sale of the Sale Property, or any protest made pursuant to Section 37425 was overruled by four-fifths vote of the members of the Agency. C rog R1085 Page 2 Lra �a-3 SECTION 5. Agency staff is authorized to execute the sale of the Sale Property pursuant to this Resolution, in accordance with California Government Code Section 37426. ADOPTED this 20th day of October , 1999. AYES: Councilmembers Barnes, Hodges, Reller-Spurgin and Chairman Kleindienst NOES: None ABSENT: Coucilmember Oden ATTEST: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA By Assistant Secretary Chairman REVIEWED AND APPROVED: -2- EXHIBIT"A" TO RESOLUTION 105 LEGAL DESCRIPTION OF THE PROPERTY Lot 56 MB 029/043 Desert Park Estates 3. Southeast corner of Deborah Road and Rochelle Road. ra -a- y