HomeMy WebLinkAbout18-02 OB SARDA Resolution RESOLUTION NO. OB SARDA 18-02
A RESOLUTION OF THE OVERSIGHT BOARD THE
SUCCESSOR AGENCY TO THE TEMECULA
REDEVELOPMENT AGENCY APPROVING THE FIRST
AMENDMENT TO THE DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND AMONG THE CITY OF TEMECULA,
SUCCESSOR AGENCY TO THE TEMECULA
REDEVELOPMENT AGENCY, AND TOWN SQUARE
MARKETPLACE OLD TOWN, LLC CONVEYING
APPROXIMATELY ONE ACRE OF PROPERTY LOCATED
ON MAIN STREET WEST OF MERCEDES STREET
THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
TEMECULA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. Recitals
(a) The City of Temecula, Successor Agency to the Temecula
Redevelopment Agency, and Town Square Marketplace Old Town, LLC entered into a
Disposition and Development Agreement dated as of December 13, 2016 ("DDA")
providing for the Successor Agency's conveyance to the City of four parcels of real
property composed of approximately one acre and located at the intersection of Main
Street and Mercedes Street across from City Hall and the City's conveyance of such
parcels to the Town Square Market Place Old Town, LLC for development as specified in
the DDA.
(b) The parties now wish to extend the date for the close of escrow for
the transactions described in the DDA by approving the First Amendment to the DDA.
Section 2. Approval of First Amendment. The Oversight Board hereby
approves the "FIRST AMENDMENT TO THE DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND AMONG THE CITY OF TEMECULA, SUCCESSOR AGENCY
TO THE TEMECULA REDEVELOPMENT AGENCY, AND TOWN SQUARE
MARKETPLACE OLD TOWN, LLC".-
Section 3. Certification. The Board Secretary shall certify the adoption
of this Resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the
Oversight Board of the Successor Agency to the Temecula Redevelopment Agency this
13th day of June, 2018.
John Kelliher, Chair
ATTES
Ran , City Clerk/Board Secretary
[SEAL]
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, City Clerk/Board Secretary of the Oversight Board of the Successor
Agency to the Temecula Redevelopment Agency, do hereby certify that the foregoing
Resolution No. OB SARDA 18-02 was duly and regularly adopted by the Board of Directors
of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency
at a meeting thereof held on the 13th day of June, 2018, by the following vote:
AYES: 4 BOARD MEMBERS: Gonzalez, Ordway-Peck, Thornhill,
Venable
NOES: 0 BOARD MEMBERS: None
ABSTAIN: 0 BOARD MEMBERS: None
ABSENT: 3 BOARD MEMBERS: Kelliher, Meyer, Turner
Randi Johl
City Clerk/Board Secretary