HomeMy WebLinkAbout79-111 - Authorizing Execution of Grant Deed - Casa BellaRESOLUTION NO. 79-111
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" (herein-
after 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 CALIFORNIA GENERAL PARTNERSHIP, an entity con-
sisting of Milton B. Wolff and Robert Coles as all the general partners;
and
WHEREAS, CASA BELLA, a CALIFORNIA GENERAL PARTNERSHIP (hereinafter
called "Redeveloping Entity") has exhibited the qualifications and
financial responsibility necessary and adequate to fulfill the obliga-
tions undertaken in the Disposition and Development Agreement by COLES;
and
WHEREAS, each of REDEVELOPING ENTITY, COLES, Robert Coles, and
Milton Wolff agree to be bound by each and every provision of the
Disposition and Development Agreement, and further agree that each pro-
vision of said agreement may and shall constitute a restriction upon
title to PROPERTY; and
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.
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PASSED AND ADOPTED this 4th day of September, 1979.
ATTEST:
e0o C _4. j ( I (:Ci y C erk of the City of Cos Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
r_IAX
Ra - oro the ty of C sta 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. 79-111 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 4th
day of September, 1979.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 5th day of September, 1979.
Cit Clerk and ex -officio Clerk-OK/the
City Council of the City of Cost esa