HomeMy WebLinkAboutResolutions - No. 2023-231RESOLUTION NO. 2023-231
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE
CITY MANAGER TO ENTER INTO A PURCHASE AND SALE AGREEMENT
FOR THE ACQUISITION OF ASSESSOR'S PARCEL NUMBER 058-650-150,
LOCATED ON HARNEY LANE BETWEEN THE CURRENT COSTCO AND
HIGHWAY 99, FROM DIEDE FARMS, LLC, OF LODI, FOR THE FUTURE
CONSTRUCTION OF THE HARNEY LANE AND HIGHWAY 99
INTERCHANGE; AND FURTHER APPROPRIATING FUNDS
WHEREAS, City Council previously directed City staff to negotiate a purchase and sale
agreement with Diede Farms, LLC, for the acquisition of Assessor's Parcel Number 058-650-150,
located on Harney Lane between the current Costco and Highway 99 (the "Parcel"); and
WHEREAS, the City of Lodi and Caltrans have had long-range plans to reconstruct the
interchange on Highway 99 and Harney Lane at the Parcel; and
WHEREAS, acquiring the Parcel at this time will limit the City's future financial exposure
prior to construction of a fully -developed and operating storage facility and will ultimately reduce
the long-term interchange project costs; and
WHEREAS, funding for this purchase comes from fund balance and a combination of the
Fiscal Year 2023/24 Operating and Capital Budget.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize
the City Manager to execute a Purchase and Sale Agreement with Diede Farms, LLC, a
California Limited Liability Company, for the acquisition of Assessor's Parcel
Number 058-650-150 for the total purchase amount of $2,800,000; and
BE IT FURTHER RESOLVED that the Lodi City Council does hereby appropriate funds
for the purchase in the amount of $2,800,000 in the Streets Fund (30299000.77020 — Capital
Projects); and
BE IT FURTHER RESOLVED, pursuant to Section 6.3q of the City Council Protocol
Manual (Res. No. 2019-223), the City Attorney is hereby authorized to make minor revisions to
the above -referenced document(s) that do not alter the compensation or term, and to make
clerical corrections as necessary.
Dated: October 18, 2023
I hereby certify that Resolution No. 2023-231 was passed and adopted by the City Council
of the City of Lodi in a regular meeting held October 18, 2023, by the following vote:
AYES: COUNCIL MEMBERS — Bregman, Craig, Nakanishi, and Yepez
NOES: COUNCIL MEMBERS —None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — Mayor Hothi
i
OLIVIA NASHED
City Clerk
2023-231