CC - 2003-13 - Approving Residential Purchase Agreement• i
RESOLUTION NO. 2003-13
A RESOLUTION OF THE ROSEMEAD CITY
COUNCIL PURSUANT TO HEALTH AND SAFETY
CODE §33433 APPROVING A RESIDENTIAL
PURCHASE AGREEMENT BETWEEN THE
ROSEMEAD COMMUNITY DEVELOPMENT
COMMISSION AND JIANGS VALLEY LLC FOR
SALE OF 9734 ABILENE
The City Council of the City of Rosemead finds, determines and resolves as
follows:
Section 1. The Rosemead Community Development Commission intends to
enter into a Residential Purchase Agreement with Jiangs Valley LLC (the
--Agreement I I ) for sale of 9734 Abilene Street, which property is located outside of
the Redevelopment Project Area.
Section 2. The City Council has reviewed the agreement and has conducted a
public hearing thereon. Based upon the foregoing the Council finds that the agreement
will assist in the elimination of blight within the project area, is consistent with the
Implementation Plan, and that the consideration to be charged is not less than the fair
market value of the Property.
Section 3. Pursuant to Health & Safety Code § 33433 the Commission is
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hereby authorized to enter into the Agreement.
PASSED, APPROVED and ADOPTED this 22ND day of APRIL , 2003.
ATTEST:
CITY CLERI
M OR
I hereby certify that the foregoing Resolution No.
2003-13 was duly and regularly adopted at a.joint
meeting of the Rosemead City Council-and the
Rosemead Community Development Commission at a
regular meeting held on the 22nd day of April-2003,
by the following vote:
Yes: Clark, Vasquez, Taylor, Imperial, Alarcon
NO::None,.'.Absent: None, Abstain: None
City Cleek
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