REPORT TO THE CITY COUNCIL, SUCCESSOR AGENCY
TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO
AND THE FRESNO REVITALIZATION CORPORATION
DATE: January 28, 2016
FROM: MARLENE MURPHEY, Executive Director
SUBJECT
Title
Successor Agency to the Redevelopment Agency of the City of Fresno consider approving:
1. RESOLUTION - Amending previously approved purchase and sale agreements consistent with direction from Department of Finance for the following properties: 731 E. California Avenue (Boos Development West, LLC); 4007, 4017, 4025, 4061 and 4071 E. Ventura (FD Partners, LLC); 730 and 736 Van Ness (Bitwise Industries, LLC); 941 G Street (DFP Ltd., LP); northwest corner of Abby and Belmont Avenues (Mathews Harley Davidson); northwest corner of Fresno and H Streets (APEC International, LLC) (Agency action)
Body
EXECUTIVE SUMMARY
In its review of our Long Range Property Management Plan, the Department of Finance has directed that certain language in previous purchase and sale agreements be deleted. The Successor Agency Board Approved seven (7) Purchase and Sale Agreements for certain real property owned by the former Redevelopment Agency. A resolution has been prepared that amends and removes this language from these purchase agreements consistent with direction from the Department of Finance.
Agency staff recommends the Successor Agency Board approve the attached Resolution and direct staff to proceed with amending the Purchase and Sale Agreements.
BACKGROUND
The Successor Agency has previously approved seven purchase agreements for certain real property owned by the former Redevelopment Agency. These agreements are:
1. Boos Development - apn 467-246-01T
2. Moose Lodge - apn 493-020-29ST
3. Mathews HD - apn 452-301-25T, -26T, -27T, -30T
4. DFP Ltd, LP - 467-071-05T
5. Bitwise Industries - apn 468-253-11T, -15T
6. APEC International - apn 466-217-17T
7. FD Partners - apn 461-272-09T, -10T, -11T, -16T, -17T
In its review ...
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