HomeMy WebLinkAbout2003-04-08; City Council; Resolution 2003-0931
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RESOLUTION NO. ~OO3--og3
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 3396
ALEX REZA, APPROVING APPROPRIATION OF FUNDING
THE PURCHASE AND PAYMENT OF FEES AND EXPENSES
ASSOCIATED WITH THE PROPERTY
MADISON STREET, APN 204-093-08 FROM HENRY J. AND
FROM THE PARK IN LIEU FUND - NW QUADRANT, FOR
WHEREAS, the City Council of the City of Carlsbad has determined that it is in the best
interest of the City to acquire 3396 Madison Street from the current owners, Henry J. and Alex
Reza; and
WHEREAS, the City Council has further determined a purchase price of $365,000 for the
property, based on a property appraisal is appropriate; 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:
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 3396 Madison Street to the City of Carlsbad.
3. That an appropriation of $375,000 for purchase of the property, including all
associated escrow fees and expenses is authorized from the Park In Lieu -
Northwest Quadrant Fund.
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PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council on the
8th day of APRIL 2003, by the following vote to wit:
AYES: Council Members Lewis, Finnila, Kulchin, Hall
NOES: Council Member Packard
ABSENT: None
Mayor
ATTEST:
LORRAINE M. WO&
City Clerk
(SEAL)
Page 2 of 2 of
Resolution No. 2003-093 -2-