CC RES 1982-082RESOLUTION NO. 82 -82
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES AMENDING RESOLUTION NO. 82 -66 SELECTING A
LAND APPRAISER TO ESTABLISH THE FAIR MARKET VALUE OF
TENTATIVE TRACT NO. 37885, SPECIFICALLY CONDITION NO. 25
OF SAID PREVIOUSLY ADOPTED RESOLUTION
WHEREAS, on September 21, 1982 the City Council adopted
Resolution No. 82 -66 approving Tentative Tract No. 37885; and
WHEREAS, Condition No. 25 of Resolution No. 82 -66 established
the Parks and Recreation dedication fee for compliance with Section 66477
(Quimby Act) of the Government Code,
NOW, THEREFORE, the City Council of the City of Rancho Palos
Verdes does hereby resolve and order as follows:
Section 1: Condition 25 of Resolution No. 82 -66 is amended to
read as follows:
25. A parkland dedication fee shall be paid in an amount to be
set by the City Council following receipt of a report
establishing the fair market value of the entire 163
acre site from a licensed appraiser selected by the City
and paid for by the developer. The City Council shall
use said report as a guideline in establishing value, but
the final determination of value and the setting of the
fee shall be within the Council's discretion. In the
alternative, the developer may make improvements to the
Portuguese Bend Soccer Field agreed to by the Director of
Planning as being equivalent to the parkland dedication
fee.
YA66ED, AFvxuvED and ADuYTED t
ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF RANCHO PALOS VERDES )
I, MARY JO LOFTHUS, City Clerk of the City Council of the City of
Rancho Palos Verdes, hereby certify that the above Resolution No. 82 -82 was
duly and regularly passed and adopted by the said City Council at a regular
meeting thereof held on the 7th day of December, 1982.
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City Clerk ity f Ra cho P s Ve des