2005 AGN JUL 19 I13 - Laserfiche WebLink

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Report to Redevelopment .A—ciicy Board regarding Tax Salc of Property at the Northwest corner of hit. Vernon and Colton ,1X C. • Complete title searches. • Last right to redeem and notices are published. The Chapter 8 process takes approximately six to nine months. At this time staff will return to the Agency Board with a purchase price and will request approval to purchase the property. FINANCIAL IMPACT Property will be purchased for past due taxes, penalties and interest. The exact amount will be determined during the Chapter 8 process, but is currently $733.27. This will paid out of Low - Mod Housing, account number 898-9000-9300-2530. ENVIRONMENTAL IMPACT A Phase I Environmental Assessment was conducted by Geomatrix on November 20, 2001 on various parcels at the northwest corner of Mt. Vernon and Colton Ave. Due to past uses on some of the parcels, a Phase II was conducted by Geomatrix on April 18, 2005. Test results indicate the property is suitable for residential reuse. CONFLICT OF INTEREST — Gift Disclosure Requirements NA CONSISTENCY WITH IMPLEMENTATION PLAN Approval of this Resolution is consistent with section 3.8.5, objective 1(a), of the 2005-2009 Implementation Plan, to revitalize the Mt. Vernon Project Area by removing economic impediments and to assemble the properties at the northwest corner of Mt. Vernon and Colton Ave. RECOMMENDATION Approve Agency Resolution No. 843, Attachment B, authorizing the Executive Director to apply for the purchase of tax defaulted property under Chapter 8 of the Revenue and Tax Code and to negotiate a price on behalf of the Agency. Attachments: A — Assessor Parcel Map B — Agency Resolution No. 843 Report Prepared by: Rod Yahnke, Project Manager II IVATI 1:4%Jjt-AIWILw] City Attorney: Finance Director: City Manager: v�._ Agency Special Counsel: r