HomeMy WebLinkAboutResolution 92-045 02/18/1992~,y '~~
~~~-~~ acs
~ RESOLUTION ACCEP'T'ING OF~'EIt OF .DEDICATION O~j~, `~~'~!~;~
6 PROPEIt'I'Y ~'OR CORONA/EI.Y-EDEN co ~; j > f
7 APN 137-060-58 (P'TN) MM~~,Ty `9 ~99~
8 °~,.
9 ~ ~~~ %~.
"'~. ,
10~ ,WHEREAS, Sonoma Parkway Company and Cherry Lane Associates have offered for
11 dedication the parcel described, in Exhibit A; and
12
~~`
13 WHEREAS, the offer of dedication described above is made pursuant to a development
14' agreement between the City of Retalurna and. Sonoma Parkway. Company and Cherry Lane
15 Associates; in satisfaction of the obligation to provide low and moderate income housing.
16 .imposed by that development agreement and General Plan policy; and
17
18 WHEREAS, certain public improvements relating,to the;parcel described above have been
19 approved to mutual satisfaction per Operating Memorandum (Exhibit B);
20
21 NOW, THEREFORE, BE IT .RESOLVED that the offer of dedication for the property
22 described in Exhibit A is .hereby accepted; and
23
24 BE IT FURTHER RESOLVED that Sonoma Parkway Company and Cherry Lane
25 Associates have satisfied their obligation to provide low and moderate income housing
26 pursuant ao their development ,agreement and operating memorandum 'with the City of
27 Petaluma:and under the laws and ordinances of the City of Petaluma; and
28
29 BEFIT FURTHER RESOLVED that the City Clerk. is authorized and directed to accept a
30° grant deed from the appropriate parties 'for the parcel described in Exhibit A and to
.,
31 record that grant deed upon receipt of a policy of title insurance issued by a title company
4a - ~~~,
1 authorized to do business it the State of California insuring fee simple absolute title in the
2 parcel to the City of Petaluma; and '
3
4 BE IT FURTHER RESOLVED that the City of Petaluma intends that housing for persons
5 of low or moderate income shall be developed and constructed .on the property described
6 in Exhibit A, pursuant to the development agreement.
7
8
9
10 edended / bg-5
'gor, in e- C-~;a~bl e. 5 Scx~. s
'~,e.so ,d~~a nit app-en
qa -~~