2003 AGN APR 01 I12 - Laserfiche WebLink

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Item #12 CITY OF COLTON AGENDA REPORT FOR COUNCIL MEETING OF APRIL 1, 2003 TO: Honorable Mayor and City Council FROM: Candace Cassel, Redevelopment Manage( 1C— �4--,l SUBJECT: Consideration and Approval of Resolution to'Purchase Certain Tax Defaulted Real Property: Parcel Nos. 0161-221-03-0000, 0275-313-33-0000, and 0275-313-61-0000. DATE: March 25, 2003 Parcel Nos. 0161-221-03-0000, 0275-313-33-0000, 0275-313-61-0000 have gone into tax foreclosure and will be sold due to delinquent tax payments. Pursuant to Chapter 8 of the Revenue and Taxation Code, a Redevelopment Agency may object to the sale of properties located within designated survey areas and file a request for an option to purchase the property. The Redevelopment Agency must intend to use the property to preserve or construct residential properties for low-income persons or for public use. The Agency and City have discussed using parcel no. 0161-221-03, and others located at the Northwest comer of Mt. Vernon and Colton Ave., for a senior housing complex or public safety facility. The Agency has initiated action on properties within Rancho Mediterrania to ensure that title is clear. Parcel Nos. 0275-313-33 and 0275-313-61 are the two remaining parcels to be cleaned up and are available through the tax sale. Should the property be purchased through the tax sale, the Agency's financial interests it believes it holds in the properties will be lost. The Agency owns the home situated on one of the properties and the other property is vacant. On February 20, 2001, the Agency Board approved Agency Resolution No. 769 (Attachment A), which authorized the Executive Director to negotiate with the County Treasurer -Tax Collector to purchase certain tax defaulted properties located at Rancho Mediterrania and the Northwest comer of Colton Ave and Mt. Vernon. Since passage of Agency Resolution No. 769 staff has negotiated with the County Treasurer -Tax Collector to purchase parcels numbers 0161-221-03-0000, 0275-313-33-0000, and 0275-313-61- 0000. Staff has also completed the Purchase Application, Objection Letter, and is prepared to provide various requested documents such as the Redevelopment Agency Mission Statement and related survey area maps as requested by the County Treasurer -Tax Collector in its letter dated November 27, 2002 (Attachment B). Pursuant to section 3775 of the California Revenue and Tax Code, since the Agency is removing