6 Resolution Approving the Sale of Properties Located at 2949 Tehama Drive.

Meeting Date: February 19, 2019

RESOLUTION NO. 2019-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LIVINGSTON APPROVING THE SALE OF PROPERTIES LOCATED AT 2949 TEHAMA DRIVE.

WHEREAS, the City is the owner of that certain real property located at 2949 Tehama Drive, Livingston, California and also known as Merced County Assessor’s Parcel Number 143-97-007 (“Property A”) ; and

WHEREAS, Property A is improved with a single family home that is currently unoccupied; and

WHEREAS, the City retained Valbridge Property Associates to appraise the fair market value of both Property A; and

WHEREAS, Valbridge Property Associates appraised Property A as of July 15, 2018; and

WHEREAS, sale of the Property by the City will generate additional revenue for the City’s General Fund that the City can use on programs and services to further the public welfare of the residents of Livingston and will eliminate the administrative costs of maintaining this Property; and

WHEREAS, the sale of the properties conforms with the City’s General Plan pursuant to Government Code section 65402; and

WHEREAS, Ana Pimentel and Oscar Gerardo Lopez has submitted an offer to purchase Property A for $279,000, which is greater than the appraise valued of property as determined by Valbridge Property Associates; and

WHEREAS, the City Council desires to sell Property A.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Livingston as follows:

1. The above recitals are true and correct and incorporated herein.

2. The City Council approves the sale of Property A to Ana Pimentel and Oscar Gerardo Lopez for a price of $279,000 and authorizes the City Manager to negotiate and execute a purchase and sale agreement for the sale of Property A in a form approved by the City Attorney.

3. The City Manager and City Attorney are authorized and directed to take such action as is necessary to carry out the purpose and intent of this Resolution.

Passed and adopted this 19th day of February, 2019, by the following vote: AYES:

NOES:

ABSENT:

ABSTAIN:

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Gurpal Samra, Mayor

of the City of Livingston

ATTEST:

I, hereby certify that the foregoing resolution was regularly introduced, passed and adopted at a regular meeting of the City Council of the City of Livingston this 19th day of February, 2019.

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Danna Rasmussen, Deputy City Clerk of the City of Livingston

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