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CC RES 2010-046 RESOLUTION NO. 2010-46 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES AUTHORIZING THE PURCHASE OF TAX-DEFAULTED PROPERTY FROM THE LOS ANGELES COUNTY TAX COLLECTOR LOCATED AT 43 CHERRY HILL LANE AND IDENTIFIED AS APN 7572-004-022 PURSUANT TO CHAPTER 8 AGREEMENT NO. 2637. WHEREAS, on December 2, 2008, the City Council authorized the Mayor and City Clerk to enter into an Agreement to Purchase Tax-Defaulted Property with the Los Angeles County Tax Collector for the purchase of a .64-acre vacant parcel located in the active Portuguese Bend Landslide area on the north side of Palos Verdes Drive South, between Peppertree Drive on the west and Portuguese Canyon on the east; and, WHEREAS, on December 11, 2008, the City submitted the paperwork associated with Chapter 8 Agreement No. 2637 to the County of Los Angeles Treasurer and Tax Collector for the purchase of the 43 Cherry Hill Lane property identified as APN 7572-004-022; and, WHEREAS, the City was recently informed by the County that the City Council's resolution must reference the subject property's Assessors Parcel Number. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS: Section 1: That acquisition of the property known as APN 7572-004-022 by the City of Rancho Palos Verdes would increase the City's access from Cherry Hill Lane to the bottom of Portuguese Bend Canyon where there are existing drainage improvements. Maintenance of existing and future drainage improvements is critical to the effectiveness of landslide abatement efforts in the area. Further, the property directly abuts the City's Palos Verdes Nature Preserve and the active use area within the Preserve that has been designated for a Gateway Park and Equestrian Center. City ownership of this property could potentially assist with future efforts to develop public equestrian and pedestrian trails through the area. PASSED, APPROVED, and ADOPTED this 15th day of June 2010. 1. Mayor ATT T: Aea, City Clerk State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) I, Carla Morreale, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2010-46, was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on June 15, 2010. /1 City Clerk