HomeMy WebLinkAbout5/20/2015 - STAFF REPORTS - 4.A. of 9 PAM$
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CITY COUNCIL AS SUCCESSOR
AGENCY STAFF REPORT
DATE: May 20, 2015 UNFINISHED BUSINESS
SUBJECT: RESCIND PURCHASE AND SALE AGREEMENT AND ESCROW
INSTRUCTIONS WITH RICHARD MEANEY AND YOKANG ZHOU FOR
A SUCCESSOR AGENCY-OWNED PROPERTY LOCATED AT 1479
NORTH PALM CANYON DRIVE, (APN 505-182-004), CASA DEL
CAMINO.
FROM: David H. Ready, City Manager
BY: Douglas Holland, City Attorney
SUMMARY
On December 3, 2014, the City Council approved a Purchase and Sale Agreement
between the City acting as the Successor Agency of the Community Redevelopment
Agency ("Successor Agency") and Richard Meaney and Yokang Zhou, as individuals,
for a property located at 1479 N. Palm Canyon Drive, known as the Casa Del Camino
property. The Mayor, who had a business relationship with Mr. Meaney at the time
Council considered this matter, inadvertently overlooked this consent agenda item and
voted to approve the sale. For that reason the City Attorney recommends the Council
rescind its action to approve the sale and thereby void its prior action. Any sale of the
property will require approval of the City Council at a future council meeting.
RECOMMENDATION:
1. Rescind Council's Approval of the Purchase and Sale Agreement and Escrow
Instructions for the Casa Del Camino property; and
2. Direct the City Manager to terminate all actions related to the sale of the Casa
Del Camino property.
Douglas olland, City Attorney David H. Ready, Ci ger
mNO. 4 A .