CC RES 2001-040 RESOLUTION NO. 2001-40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES AUTHORIZING THE CITY
MANAGER TO ACQUIRE APPROXIMATELY 98 ACRES OF
PROPERTY IN THE CITY OF RANCHO PALOS VERDES
KNOWN AS THE BARKENTINE PROPERTY FROM PALOS
VERDES PORTUGUESE BEND LLC
WHEREAS, the people of the County of Los Angeles on November 3,
1992 enacted Los Angeles County Proposition A, Safe Neighborhood Parks,
Gang Prevention, Tree-Planting, Senior and Youth Recreation, Beaches and
Wildlife Protection (the 1992 Proposition) and on November 5, 1996, enacted Los
Angeles County Safe Neighborhood Parks Act (the 1996 Act); and,
WHEREAS, the 1996 Act included funds to purchase open space property
in the Portuguese Bend area of Rancho Palos Verdes; and,
WHEREAS, on February 20, 2001, the City entered into a purchase
agreement with Palos Verdes Portuguese Bend LLC for the acquisition of
approximately 98 acres of vacant property generally located on the southern
slope of the Palos Verdes Hills, between McCarrell's Canyon on the west and
Barkentine Canyon on the east in the West Portuguese Bend area of the City of
Rancho Palos Verdes; and,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES DOES HEREBY FIND, DETERMINE AND RESOLVE AS
FOLLOWS:
Section 1: Pursuant to the Purchase Agreement, the City completed its
"due diligence" review of the property within the first 120 days of the Agreement
and determined that the City has, or will have, sufficient funds to operate and
maintain the subject property in perpetuity.
Section 2: The City Council authorizes the City Manager to act as the
agent of the City to conduct all negotiations, and to execute and submit all
documents including, but not limited to applications, agreements, amendments,
payment requests and so forth, which may be necessary for the completion of
the purchase of the aforementioned property.
PASSED, APPROVED and ADOPTED this 15th day of May 2001.
AYES: Byrd. Ferraro, McTaggart, Stern, and Mayor Lyon
NOES: None
MAYOR (4.:i2 \117 )
Resolution No. 2001-40
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ATTEST:
0
(k
CI CLERK
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Jo Purcell, City Clerk of the City of Rancho Palos Verdes, hereby certify
that the above Resolution No. 2001-40; was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof held on May 15,
2001.
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CI CLERK
Resolution No. 2001-40
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