SUCCESSOR AGENCY MINUTES - 04/04/17 - 5PM

SUCCESSOR AGENCY I\IINUTES - A4IAU17 - 'PM SUCCESSOR AGENCY MINUTES - O4IO4I17 - 5PM CITY HALL COUNCIL CHAMBER 38300 SIERRA HIGHWAY, SUITE B PALMDALE, CALIFORNIA APRTL 4, 2017 AGENDA NO.92 www. cityof pa I m d a I e. o rg CALL TO ORDER, Chair Ledford called the meeting to order at 5:00 p.m. 2. ROLL CALL: CHAIR LEDFORD, VICE CHAIR HOFBAUER, DIRECTORS BETTENCOURT, CARRILLO, AND BISHOP Roll call done jointly with City Council. PRESENT: Chair Leford, Director Bettencourt, Director Carrillo, Director Bishop. ABSENT: Vice Chair Hofbauer. Motion: Move to excuse the absence of Mayor Pro Temfuice Chair Hofbauer. Moved by Councilmember/Director Bettencourt, seconded by C ou ncilmem ber/Director Carrillo. Vote: Motion carried (4-0) Yes: Mayor/Chair Ledford, Councilmember/Director Bettencourt, Councilmember/Director Carrillo, Councilmember/Director Bishop. Absent: Mayor Pro TemA,/ice Chair Hofbauer. PRESENT:Mayor/Chair Ledford, Councilmember/Director Bettencourt, Councilmember/Director Carrillo, Councìlmember/Director Bishop. ABSENT: Mayor Pro TemA/ice Chair Hofbauer. CLOSED SESSION - PUBLIC COMMENTS ONLY: Done jointly with City Council. No public comments were received. PRESENTATION BY GENERAL COUNSEL of the following items to be d iscussed in Closed Session: 4.1 The reason for holding a closed session is for the purpose of obtaining authorization and direction from the Successor Agency to its designated negotiator regarding the possible sale of the property listed below. Property Owner: Successor Agency Page 1 of 2 a 4 Agency Negotiator: James Purtee, Executive Director

SUCCESSOR AGENCY I\,lINUÏES .O4IO4I17 .5PM Page 2 ot 2 Possìble Purchaser: Oxford lnvestment Partners lnc. Properties : (1)APN 3005-045-920 (4.04 acres - Legacy Lane & Grand Cypress Ave.); (2) APN 3005-045-923 (2.21 acres- 7th Street West & Drivers Lane); and (3) APN 3005-046-913 (4.76 acres - SE corner Ave. O and Legacy Lane) This Closed Session is being held pursuant to the authorrty of California Government Code Section 54956.8. Closed session is recommended because the Successor Agency will be instructing its negotiator regarding terms and conditions of sale, including price and the form, manner and timing of payment, for the possible sale of the real propedies ìdentified above. 5. CLOSED SESSION. Closed session was held from 5:05 '7:02 p.m. Mayor Pro TemA/ice Chair Hofbauer arrived at 5:10 p.m. 6. ANNOUNCEIVìENT BY GENERAL COUNSEL of the items discussed in Closed Session. General Counsel Ditzhazy stated that all items would be heard as listed. Item 4.1 SA - Sale of Agency Properties / APN's 3005-045-920, 923 & 913 / Purchaser: Oxford lnvestment Partners, Inc./ Propeñy Negotiations - ln closed session the Agency Board reviewed appraisals and recent sales and unanimously approved the sale of all three properties to Oxford lnvestment Partners, lnc. on ceñain terms and conditions as outlined to the Agency's Negotiator Executive Director Purtee. No fudher reportable action at this time. 7. NON-AGENDA ITEMS - PUBLIC COMMENTS: Heard jointly with City Council. No public comments were received 8, ADJOURNIMENT: Mayor/Chair Ledford adjourned the meeting 7:07 p.m.lo April 4, 2017 at 7.00 p,m, in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. PAS APPROVED, and ADOPTED this 6th d ay of June 2017 I\4ayorlChair Smith, City ClerkiAgency Secretary

SUCCESSOR AGENCY MINUTES - 04/04/17 - 5PM

SUCCESSOR AGENCY MINUTES - 04/04/17 - 5PM

CITY HALL COUNCIL CHAMBER

38300 SIERRA HIGHWAY, SUITE B

PALMDALE, CALIFORNIA

APRIL 04, 2017

5:00 P.M.

AGENDA NO. 92

www.cityofpalmdale.org

WELCOME

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1. CALL TO ORDER.

2. ROLL CALL: CHAIR LEDFORD, VICE CHAIR HOFBAUER, DIRECTORS BETTENCOURT, CARRILLO, AND BISHOP

3. CLOSED SESSION - PUBLIC COMMENTS ONLY:

4. PRESENTATION BY GENERAL COUNSEL of the following items to be discussed in Closed Session:

4.1 The reason for holding a closed session is for the purpose of obtaining authorization and direction from the Successor Agency to its designated negotiator regarding the possible sale of the property listed below. Property Owner: Successor Agency Agency Negotiator: James Purtee, Executive Director Possible Purchaser: Oxford Investment Partners Inc. Properties : (1) APN 3005-045-920 (4.04 acres - Legacy Lane & Grand Cypress Ave.); (2) APN 3005-045-923 (2.21 acres- 7th Street West & Drivers Lane); and (3) APN 3005-046-913 (4.76 acres - SE corner Ave. O and Legacy Lane) This Closed Session is being held pursuant to the authority of California Government Code Section 54956.8. Closed session is recommended because the Successor Agency will be instructing its negotiator regarding terms and conditions of sale, including price and the form, manner and timing of payment, for the possible sale of the real properties identified above.

5. CLOSED SESSION.

6. ANNOUNCEMENT BY GENERAL COUNSEL of the items discussed in Closed Session.

7. NON-AGENDA ITEMS - PUBLIC COMMENTS:

8. ADJOURNMENT: