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Resolution 14566CITY OF ALAMEDA RESOLUTION NO. 14566 AUTHORIZING THE EXECUTION OF AN AGREEMENT BETWEEN THE CITY OF ALAMEDA AND THE BOARD OF SUPERVISORS OF ALAMEDA COUNTY, STATE OF CALIFORNIA, AND ALL NECESSARY ACTIONS TO PURCHASE TAX-DEFAULTED PROPERTY (APN 71-198-11) FOR ECONOMIC DEVELOPMENT PURPOSES PURSUANT TO THE PROVISIONS OF DIVISION 1, PART 6, CHAPTER 8 OF THE REVENUE AND TAXATION CODE WHEREAS, it has recently come to the attention of the City Council that certain real property at 1813 Park Street, situated within the City of Alameda, is Tax-Defaulted and is subject to the power of sale by the Tax Collector of the County of Alameda for nonpayment of taxes, pursuant to provisions of law; and WHEREAS, the City Council finds it desirable to acquire 1813 Park Street for the promotion of economic development as part of the City's strategy for revitalizing the blighted North Park Street planning area, home to numerous vacant and underutilized former car dealerships, and has exercised its option to object to public sale pursuant to Revenue & Taxation Code section 3695; and WHEREAS, the sum to be paid for said property in defaulted taxes ($11,772.00) is below the fair market value of said parcel if acquired by other means; and WHEREAS, the requirements of the Revenue & Taxation Code requires a resolution of the City of Alameda authorizing a purchase of tax-defaulted property; and WHEREAS, pursuant to City Charter Art. 111 Section 10 Council may acquire real property in satisfaction of taxes. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda, that the form of Agreement to Purchase Tax-Defaulted Property (Alameda County Assessor's Parcel Number: 71-198-11), submitted to the City Council in concert with this resolution, and the terms, conditions and covenants therein be, and the same are hereby approved and authorized for execution by the City Manager. BE IT FURTHER RESOLVED by the City Council of the City of Alameda that the City Manager of the City of Alameda is authorized to undertake all actions reasonably necessary to facilitate, for and on behalf of the City of Alameda, the purchase of tax-defaulted property bearing Alameda County Assessor's Parcel Number 71-198-11. Said actions will include, but not limited to, payment of the amounts required under the agreement, all related notice and publication costs, all statutory requirements, and the execution of necessary duplicate original agreements as required by law. BE IT FURTHER RESOLVED by the City Council of the City of Alameda that this resolution constitutes the City of Alameda's objection under Revenue and Taxation Code section 3695 to a sale of the subject property to the public. 1, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 3rd day of May, 2011, by the following vote to wit: AYES: Councilmembers Bonta, deHaan, Johnson, Tam and Mayor Gilmore — 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, 1 have hereunto set my hand and affixed the official seal of said City this 4th day of May 2011. Lara Weisiger, J ity Clerk City of Alamed