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HomeMy WebLinkAboutResolutions - No. 2021-273RESOLUTION NO. 2021-273 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO ENTER INTO A PURCHASE AGREEMENT AND SUCH OTHER DOCUMENTS, INCLUDING ESCROW INSTRUCTIONS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY TO COMPLETE THE PURCHASE OF REAL PROPERTY FROM LAGUE FAMILY, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, PROPERTY OWNER OF 710 NORTH SACRAMENTO STREET (APN 041-18-009 AND 041-19-042) TO DEVELOP THE LODI ACCESS CENTER WHEREAS, the City of Lodi is the recipient of American Rescue Plan Act (ARPA) funds designed to provide needed relief to State, local, and Tribal governments to enable them to continue to support the public health response and lay the foundation for a strong and equitable economic recovery; and WHEREAS, on May 5, 2021, City Council approved the appropriation of $5,500,000 of ARPA funds to the development of the Navigation Center, now known as the Access Center; and WHEREAS, the City of Lodi is the recipient of San Joaquin County capital -outlay funds ($2,800,000) for development of the Access Center Emergency Shelter; and WHEREAS, the City has identified real property located at 710 North Sacramento Street with a negotiated purchase price of $2,100,000 matching the current appraisal value; and WHEREAS, associated closing costs are unknown at this time, however, based on industry standard of 3-5%, staff have estimated approximately $100,000 at 5%; and WHEREAS, on September 15, 2021, City Council approved 710 North Sacramento Street as the location for development of the Access Center; and WHEREAS, the Access Center Emergency Shelter project is envisioned for development on the real property at 710 North Sacramento Street. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the City Manager to enter into a purchase agreement and such other documents, including escrow instructions, in a form acceptable to the City Attorney to complete the purchase of real property from Lague Family, LLC, a California Limited Liability Company, Property Owner of 710 North Sacramento Street (APN 041-18-009 and 041-19-042) to develop the Lodi Access Center in an amount not to exceed $2,200,000. Dated: October 6, 2021 I hereby certify that Resolution No. 2021-273 was passed and adopted by the City Council of the City of Lodi in a regular meeting held October 6, 2021 by the following votes: AYES: COUNCIL MEMBERS — Hothi, Khan, and Kuehne NOES: COUNCIL MEMBERS — Nakanishi ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — Chandler JENNIFER USMIR City Clerk 2021-273