HomeMy WebLinkAboutTC Res 1994-03-16 (2)
RESOLUTION NO. 3006
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A RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF TIBURON AUTHORIZING
EXECUTION OF AN AGREEMENT FOR THE
SALE OF THE HIGHLANDS HOUSING SITE
WHEREAS, the Town of Tiburon owns a three acre site in the Highlands
development which pursuant to the dedication of the property may be used for the
construction of low and moderate income housing for senior citizens; and
WHEREAS, on January 5, 1994, the Town Council adopted Resolution No.
2986, authorizing sale of the property to the Tiburon Redevelopment Agency with the
maximum density of the project limited to 8-12 units of low and moderate income
seniors housing; and
WHEREAS, the Town Council has subsequently determined that with the
consent of the Bel Air neighborhood, the property may be developed with up to 16
units subject to certain conditions, including the selection of the Ecumenical
Association for Housing as the developer.
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NOW, THEREFORE, BE IT RESOLVED, by the Town Council of the Town
of Tiburon that the Town agrees to sell the Highlands housing site to the Tiburon
Redevelopment Agency subject to the terms and conditions ofthe Purchase and Sale
Agreement attached to this resolution and incorporated herein. The sales price for
the property shall be $560,000. The Mayor is hereby authorized to execute the
Purchase and Sale Agreement on behalf of the Town. Proceeds of the sale shall be
credited to the Town's General Fund designated reserves.
PASSED AND ADOPTED at a regular meeting of the Town Council of the
Town of Tiburon on March 16, 1994, by the following vote:
AYES:
COUNCILMEMBERS:
Thayer, Thompson, Friedman,
Kuhn, Nygren
None
None
NOES:
ABSENT:
COUNCILMEMBERS:
COUNCILMEMBERS:
~G~R
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ATTEST:
O1MJ~{t. ~
THERESE M. HE NESSY, CLERK