HomeMy WebLinkAbout2000-12-05; City Council; Resolution 2000-3591
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RESOLUTION NO. 2000-359
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING THE MAYOR TO
EXECUTE ALL DOCUMENTS ASSOCIATED WITH THE
PURCHASE AND TRANSFER OF INTEREST IN 3354 AND 3366
MADISON STREET, APN 204-093-04 AND APN 204-093-05
FROM JOHN H. AND VIOLET M. DIAB FAMILY TRUST AND
APPROPRIATING FUNDS FOR PURCHASE AND PAYMENT
OF FEES AND TENANT RELOCATION EXPENSES
ASSOCIATED WITH THE PROPERTIES.
WHEREAS, the City Council of the City of Carlsbad has determined that it is in the best
interest of the City to acquire 3354 and 3366 Madison Street from the current owner, John H. and
Violet M. Diab Family Trust; and
WHEREAS, the City Council has further determined a purchase price of $320,000 for the
two properties is appropriate; and
WHEREAS, the acquisition of these properties 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:
1. That the above recitations are true and correct.
2. That the Mayor is authorized to execute all documents associated with the
purchase and transfer of interest in 3354 and 3366 Madison Street to the City
of Carlsbad.
3. That a loan of $220,000 for purchase of the property is authorized from the
General Capital Construction Fund balance to the Park In Lieu - Northwest
Quadrant Fund, to be repaid when sufficient funds are collected in the Park
In Lieu - Northwest Quadrant Fund.
4. That an appropriation of $420,000 for purchase of the property, including all
associated fees and expenses is authorized from the Park In Lieu - Northwest
Quadrant Fund.
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Resolution No. 2Or"-‘359 Page 2 h
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council on the
5th dayof December 2000, by the following vote to wit:
AYES: Council Members Lewis, Finnila, Nygaard and Kulchin.
NOES: None
ABSENT: Council Member Hal
Mayor
ATTEST:
(SEW
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