HomeMy WebLinkAbout2012-08-21; City Council; Resolution 2012-1901 RESOLUTION NO. 2012-190
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
3 CALIFORNIA, AUTHORIZING THE CITY MANAGER TO EXECUTE ALL
DOCUMENTS ASSOCIATED WITH THE PURCHASE OF 577 LAGUNA
^ DRIVE, CARLSBAD, CALIFORNIA FOR AFFORDABLE HOUSING, AND
APPROPRIATING FUNDS FOR THE PURCHASE OF SAID PROPERTY
^ AND PAYMENT OF ALL ACQUISITION RELATED EXPENSES.
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7 WHEREAS, the City has an interest in maintaining affordable housing; and
8 WHEREAS, the affordable housing located at 577 Laguna Drive is scheduled for
a trustee sale as a result of a default on a mortgage on the property; and
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WHEREAS, the affordability of the property may be lost if it is sold through the
10 trustee sale; and,
^ ^ WHEREAS, the City has an option to purchase the property to help it ensure that
^2 the affordability is maintained; and,
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WHEREAS, the City Council has taken all testimony into account.
NOW, THEREFORE BE IT HEREBY RESOLVED as follows:
15 1. That the above recitations are true and correct.
16 2. That the City Council authorizes the City Manager to execute all documents
associated with the purchase of 577 Laguna Drive, Carlsbad, California from
17 Scheherezad Massoudi for affordable housing.
18 3. That an appropriation of $154,600 from the City's Housing Trust Fund is
approved for purchase of said property and payment of all acquisition related
expenses.
That the City Council hereby makes the finding that acquisition of property at
577 Laguna Drive, Carlsbad, California is consistent with the General Plan of
the City of Carlsbad.
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1 PASSED AND ADOPTED at a special meeting of the City Council of the City of
2 Carlsbad on the 2lstdav of August 2012, by the following vote, to wit:
3 AYES: Council Members Hall, Kulchin, Balckburn, Douglas, Packard.
4 NOES: None.
5 ABSENT: None.
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10 ATTEST:
\ M. WOOD, Cifv Clerk
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