HomeMy WebLinkAbout2005-06-07; City Council; Resolution 2005-1671
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RESOLUTIOP
RESOLUTION NO. 2005-167
OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL DOCUMENTS ASSOCIATED
WITH THE PURCHASE AND TRANSFER OF INTEREST IN
AYALA, APPROVING APPROPRIATION OF F'UNDING FROM
PURCHASE AND PAYMENT OF FEES AND EXPENSES
ASSOCIATED WITH THE PROPERTY
3380 MADISON STREET, APN 204-093-09 FROM ANDREW L.
THE PARK IN LIEU FUND - NW QUADRANT, FOR THE
WHEREAS, the City Council of the City of Carlsbad has determined that it is in the best
interest of the City to acquire 3380 Madison Street from the current owner, Andrew L. Ayala,
due to its proximity to the Pine Park site; and
WHEREAS, the City Council has further determined a purchase price of $6 10,000 for the
property, based on a property appraisal is appropriate; and
WHEREAS, the total cost for acquisition of the property, including fees, studies, reports
and other related expenses is estimated at $620,000; and
WHEREAS, funding of the property acquisition will be made from the Park-In-Lieu
Northwest Quadrant Fund; and
WHEREAS, the acquisition of this property is contingent upon a finding that the
acquisition is consistent with the Carlsbad General Plan, and completion of due diligence.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad, California as follows:
I//
1.
2.
That the above recitations are true and correct.
Upon approval as to form, by the City Attorney, the City Manager is authorized to
execute all documents associated with the purchase and transfer of interest in
3380 Madison Street to the City of Carlsbad.
That an appropriation of $620,000 for purchase of the property, including all
associated escrow fees and expenses be allocated to the acquisition from the Park
In Lieu - Northwest Quadrant Fund.
3.
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PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council on the
7th day of June 2005, by the following vote to wit:
AYES: Council Members Hall, Kulchin, Packard, Sigafoose
NOES: None
ABSENT: Council Member Lewis
Mayor
MATT HALL, Mayor Pro-Tem
ATTEST:
n
LORRAINE M. WOOD - City Clerk
(SEAL)
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