HomeMy WebLinkAbout79-121 - Grant Deed - Casa BellaRESOLUTION NO. 79-121
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, AUTHORIZING AND DIRECTING
THE MAYOR AND CITY CLERK TO EXECUTE GRANT DEED.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE
AS FOLLOWS:
WHEREAS, in furtherance of the objectives of the California
Community Redevelopment Law, Costa Mesa Redevelopment Agency is engaged
in carrying out a redevelopment project known as CASA BELLA (hereinafter
called "Project"); and
WHEREAS, the City of Costa Mesa is cooperating in carrying out
said Project; and
WHEREAS, the City has previously offered to sell and Robert and
Sinee Coles, a partnership, has previously agreed to purchase certain
real property (hereinafter called "Property") which is described in a
document called "Contract For the Sale of Land for Private Redevelopment
By and Between the City of Costa Mesa, a Municipal Corporation, the Costa
Mesa Redevelopment Agency, and Robert and Sinee Coles" (hereinafter called
"Disposition and Development Agreement"); and
WHEREAS, under said Disposition and Development Agreement Robert
and Sinee Coles, a partnership, (hereinafter called "COLES"), agreed to
perform all duties described in said agreement; and
WHEREAS, COLES has proposed that all duties described in the
Disposition and Development Agreement to be performed by COLES be per-
formed by CASA BELLA, A LIMITED PARTNERSHIP, an entity consisting of
four partners: Robert Coles, general partner; Shapell Government Housing,
Inc., general partner; Elliott Maltzman, limited partner; and Shapell
Government Housing, Inc., limited partner; and
WHEREAS, CASA BELLA, A LIMITED PARTNERSHIP (hereinafter called
"Redeveloping Entity") has exhibited the qualifications and financial
responsibility necessary and adequate to fulfill the obligations under-
taken in the Disposition and Development Agreement by COLES; and
WHEREAS, each of REDEVELOPING ENTITY, COLES, Robert Coles, and
Elliott Maltzman agree to be bound by each and every provision of the
Disposition and Development Agreement, and further agree that each provi-
sion of said agreement may and shall constitute a restriction upon title
to PROPERTY;
WHEREAS, the participation of REDEVELOPING ENTITY as Redeveloper
under the terms of the Disposition and Development Agreement is in
accordance with the public purposes and provisions of the applicable
Federal, State, and local laws and requirements under which the Project
has been undertaken; and
WHEREAS, the City will receive substantial consideration in
exchange for the PROPERTY;
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
1. That the City Council hereby approves of the sale pursuant
to the terms of the Disposition and Development Agreement
for a sum stated therein, and pursuant to the terms of the
Addendum to said Disposition and Development Agreement;
2. That the Mayor and City Clerk are hereby authorized and
directed to execute a Grant Deed to Redeveloping Entity in
conveying title to the aforedescribed property. CITY
ATTORNEY shall prepare or approve as to form documents
necessary and appropriate to carry out that transfer of
title.
3. It is intended that this resolution shall supersede City
Council Resolution Number 79-111.
PASSED AND ADOPTED this 1st day of October, 1979.
Vice Mayor of the City of Co to esa
ATTEST:
City Clerk ofthe City ofCo aMesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and
foregoing Resolution No. 79-121 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 1st
day of October, 1979.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 2nd day of October, 1979.
-(:: Z4�-� (;p (I A)� " 0
City Clerk and ex -officio Clerk/,f the
City Council of the City of Co a Mesa