HomeMy WebLinkAbout026-2016SHARESOLUTION NO.26-2016SHA
APPROVING THE SALE OF REAL PROPERTY LOCATED AT 341 ROSE STREET
TO THE TOWN OF DANVILLE
WHEREAS, the former Community Development Agency of the Town of Danville (the
"former CDA") purchased the real property located at 341 Rose Street, using the Low
and Moderate Housing Fund of the Agency; and
WHEREAS, upon dissolution of the former CDA, the Danville Town Council adopted
Resolution No. 6-2011, electing to retain all of the housing assets and assume the
housing functions which were previously the responsibility of the CDA; and
WHEREAS, the Housing Fund Due Diligence Review (the "DDR") prepared by the
Successor Agency to the former CDA and approved by the California Department of
Finance (the "DOF") in April 2013, identified 341 Rose Street as an asset of the Housing
Fund (now identified as the Successor Housing Agency); and
WHEREAS, the intended use of the property for housing has proven to be infeasible
due to the small size of the parcel and the lack of any desire of surrounding property
owners to redevelop and aggregate their properties; and
WHEREAS, the Town desires to purchase 341 Rose Street for inclusion in a public
parking lot to be constructed by the Town; and
WHEREAS, with sale of the property to the Town, the Successor Housing Agency will
receive funds that can be used for other housing opportunities as they develop; now,
therefore, be it
RESOLVED, that the Successor Housing Agency to the former Community
Development Agency of the Town of Danville hereby authorizes the sale of the real
property located at 341 Rose Street to the Town of Danville for $973,800, with proceeds
for the sale to be deposited into the Agency's housing fund.
APPROVED by the Danville Town Council, acting as the Successor Housing Agency to
the former Community Development Agency of the Town of Danville, at a regular
meeting on March 1, 2016, by the following vote:
AYES: Stepper, Morgan, Arnerich, Doyle, Storer
NOES: None
ABSTAIN: None
ABSENT: None
MAYOR ... �
APPROVED AS TO FORM: ATTEST:
CITY ATTORNEY
CITY CLERK
PAGE 2 OF RESOLUTION NO.26-2016SHA