HomeMy WebLinkAboutResolution No. 13S
RESOLUTION NO. 13
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF AZUSA APPROVING AN APPRAISAL ON
CERTAIN REAL PROPERTY IN THE AZUSA CENTRAL
BUSINESS DISTRICT REDEVELOPMENT PROJECT; ESTAB-
LISHING AN AMOUNT TO BE JUST COMPENSATION FOR
THE ACQUISITION OF SAID REAL PROPERTY; AND
AUTHORIZING OPTIONS TO BE ACQUIRED TO PURCHASE
SAID REAL PROPERTY AND THE COMMENCEMENT OF
NEGOTIATIONS FOR SUCH OPTIONS
/o
WHEREAS, this Agency has authorized an appraisal be obtained
on certain real property (the "Property") in the Azusa Central
Business District Redevelopment Project in the City of Azusa
located at 429 North Azusa Avenue, 436 North San Gabriel Avenue,
and 428 and 432 North San Gabriel Avenue.
WHEREAS, the Agency authorized Donahue and Company, Inc. (17291
Irvine Boulevard, Tustin, California 92680) to obtain the appraisal
of the Property; and
WHEREAS, the appraisal has been made and an "Appraisal Report"
dated November 24, 1978, has been submitted to this Agency, which
report renders an opinion of fair market value for the Property.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
DOES HEREBY RESOLVE'AS FOLLOWS:
1. The Agency hereby approves the appraisal made by Donahue
and Company, Inc. on the Property and hereby further approves the
"Appraisal Report" which contains said appraisal.
2. The Agency, based upon the review of the appraisal by
and the recommendation of the Agency staff, hereby establishes
the amount of $500,000.00 to be just compensation for the acquisi-
tion of the property located at 429 North Azusa Avenue and 436
San Gabriel Avenue, and further establishes $90,000.00 to be just
compensation for the acquisition of the property located at 428
and 432 North San Gabriel Avenue.
3. The Agency hereby authorizes the Executive Director of
the Agency (or his designee) to acquire an option from the owners,
or representative of the owners_, of the Property to purchase the
Property in the amount hereby established to be just compensation
therefor; and hereby further authorizes the Executive Director of
the Agency (or his designee) to commence negotiations with said
owners, or representative of said owners, for the acquisition of
options to acquire the Property.
PASSED, APPROVED AND ADOPTED THIS 16th DAY OF April ,
1979.
IRMAN
ATTEST:
SECRE • RY
APR 1 1979
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
SUMMARY STATEMENT OF BASIS FOR JUST COMPENSATION
OWNER: ARTHUR N. AND BERNARDINE J. ANDREWS,
PROPERTY ADDRESS: 429 North Azusa Avenue, and
436 North San Gabriel Avenue
Azusa, California
TOTAL PROPERTY AREA: 63,000 square feet or
1.446 acres
PRESENT ZONING: C-2 and P
PRESENT USE: :WAREHOUSE/DISTRIBUTION
PROPERTY TO BE ACQUIRED:
HUSBAND AND WIFE
LOTS 1 THROUGH 12 AND LOTS 25 THROUGH .30, IN BLOCK 53
OF THE CITY OF AZUSA, COUNTY OF LOS ANGELES, STATE OF
CALIFORNIA. AS PER MAP RECORDED IN BOOK' 1'5,'PAGES 93-
96 -OF MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, AND THE IMPROVEMENTS THEREON.
AMOUNT OF THE OFFER: $500,000.00
STATEMENT OF THE AGENCY'S DETERMINATION
OF THE AMOUNT OF THE OFFER:
The above amount is believed by the Agency to be the full amount
of "just compensation" for the acquisition of the above-described
property. The determination of just compensation is based upon the
Agency's inspection of the property and the consideration of an
appraisal of the property made independently by a competent profess
sional appraiser.
The determination of, just compensation is not less than the
Agency's approved appraisal of the "fair market value" of the pro-
perty. The term "fair market value" is defined and recognized by
the courts of this state in eminent domain proceedings as:
APR 131a9s
•
"...the highest price estimated in terms of money
which the land would bring if exposed to sale in
the open market, with reasonable time allowed in
which to find a purchaser, buying with knowledge
of all the uses and purposes to which it was
adapted and for which it was capable" [Sacramento
Southern R. Co. v. Heilbron, 156 C. 408, 409, 104 P.
979, 980 (1909)];
and the term as so defined was used by the Agency and the appraiser
in making their respective determinations of value. Any decrease or
increase in the fair market value of the real property to be acquired
prior to the date of valuation caused by the Azusa Central Business
District Redevelopment Project or by the likelihood that the real
property to be acquired would be acquired for the purposes of the
Redevelopment Project, other than that due to physical deterioration
within the reasonable control of the owner, has been disregarded by
the Agency and the appraiser in making their respective determina-
tions of value. However, in the event any significant change.in
physical conditions of the property occurs prior to the time the
Agency acquires title, the determination of fair market value and
the amount of the offer are subject to redetermination by the Agency.
Nevertheless, it should be noted that the appraisal and the Agency's
determination of just compensation do not reflect any consideration
of or allowance for any relocation assistance and payments which
the owner may be entitled to receive under state law or for the
Agency.'.s agreement to pay certain costs arising from the purchase
of the property.
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REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
SUI4MARY STATEMENT OF BASIS FOR JUST COMPENSATION
OWNER: JOHN AND LYDIA E. GONZALES, HUSBAND AND WIFE
,
PROPERTY ADDRESS: 428 and 432 North San Gabriel Avenue
Azusa, California
TOTAL PROPERTY AREA: 14,000 square feet
PRESENT ZONING: C-2
PRESENT USE: RESIDENTIAL AND COMMERCIAL
PROPERTY TO BE ACQUIRED:
LOTS 31, 32, 33 and 34, IN BLOCK 53 OF THE CITY OF AZUSA,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP
RECORDED IN BOOK 15, PAGES 93-96 OF MAPS IN THE OFFICE
OF THE COUNTY RECORDER OF SAID COUNTY, AND THE IMPROVE-
MENTS THEREON.
AMOUNT OF THE OFFER: $90,000
STATEMENT OF THE AGENCY'S DETERMINATION
OF THE AMOUNT OF THE OFFER:
The above amount is believed by the Agency to be the full amount
of "just compensation" for the acquisition -of the above-described
property. The determination of just compensation is based upon the
Agency's inspection of the property and the consideration of an
appraisal of the property made independently by a competent profess
sional appraiser.
The determination of just compensation is not less than the
Agency's approved appraisal of the "fair market value" of the pro-
perty. The term "fair market value" is defined and recognized by
the courts of this state in eminent domain proceedings as:
APR 131979
" ..the highest price estimated in terms of money
which the land would bring if exposed to sale in
the open market, with reasonable time allowed in
which to find a purchaser, buying with knowledge
of all the uses and purposes to which it was
adapted and for which it was capable" [Sacramento
Southern R. Co. v. Heilbron, 156 C. 408, 409, 104 P.
979, 980 (1909)];
and the term as so defined was used by the Agency and the appraiser
_ in making their respective determinations of value. Any decrease or
increase in the fair market value of the real property to be acquired
prior to the date of valuation caused by the Azusa Central Business
District Redevelopment Project or by the likelihood that the real
property to be acquired would be acquired for the purposes of the
Redevelopment Project, other than that due to physical deterioration
within the reasonable control of the owner, has been disregarded by
the Agency and the appraiser in making their respective determina-
tions of value. However, in the event any significant change.in
physical conditions of the property occurs prior to the time the
Agency acquires title, the determination of fair market value and
the amount of the offer are subject to redetermination by the Agency.
Nevertheless, it should be noted that the appraisal and the'Agency's
determination of just compensation do not reflect any consideration
of or allowance for any relocation assistance and payments which
the owner may be entitled to receive under state law or for the
Agency'.s agreement to pay certain costs arising from the purchase
of the property.
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