HomeMy WebLinkAbout93-02 RDA ResolutionRESOLUTION NO. RDA 93-02
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF TEMECULA,
CALIFORNIA, AUTHORIZING THE PREPARATION OF A BONA FIDE
OFFER TO PURCHASE CERTAIN PROPERTY AND AFFIRMING THE
AGENCY'S COMMITMENT TO 1MEET THE LOWER-INCOME REQ~
MENTS OF THE RESOLUTION TRUST CORPORATION'S AFFORDABLE
HOUSING DISPOSITION PROGRAM
WHEREAS, through its Affordable Housing Disposition Program, the Resolution Trust
Corporation ("RTC") is offering to sell directly to any public agency serving Temecula a property
known as the Rancho West Apartments ("Rancho West"), located at 28680 Pujol Street,
Temecula, California, for operation as multi-family affordable housing; and
WHEREAS, any public agency interested in purchasing Rancho West must submit a
completed Notice of Serious Interest within the thirty day marketing period which commenced on
March 15, 1993; and
WHEREAS, the Notice of Serious Interest must be accompanied by a resolution of the
governing body of the public agency authorizing the preparation of a bona fide offer to purchase
the property; and
WHEREAS, the resolution must also affirm the public agency's commitment to meeting
the lower-income requirements of RTC's Affordable Housing Disposition Program;
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF TI~IECULA DOES
HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section l.That the Executive Director of the Redevelopment Agency of Temecula is
hereby authorized to prepare a bona fide offer to Purchase the Rancho West Apartments through
the RTC's Affordable Housing Disposition Program. The amount of the bona fide offer is subject
to the approval of the Redevelopment Agency of Temecula.
Section 2.That the Redevelopment Agency of Temecula's commitment to meeting the
lower-income requirements of RTC's Affordable Housing Disposition Program is hereby
affirmed.
Section 3.The City Clerk shall certify to the passage and adoption of this Resolution.
~,RDA\93-02 I 10/30/96
PASSED, APPROVED, AND ADOPTED this 13th day of April, 1993.
Ronald J. Parks, Chairperson
ATTEST:
Agency Secretary
{SEAL]
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF TEMECULA )
I, June S. Greek, City Clerk/Secretary to the Redevelopment Agency of Temecula, HEREBY
CERTIFY that the foregoing Resolution No. RDA 93-02 was duly adopted at a regular meeting
of the Redevelopment Agency of Temecula on the 13th day of April, 1993 by the following roll
call vote:
AYES: 5
AGENCY MEMBERS:
Birdsall, Parks, Roberts, Stone
Mufioz
NOES:
0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
'~June S. Greek,~ Cle'~rkClerk
Agency Secretary
Reao~.RDA\ 93-02 2 10/30/96