HomeMy WebLinkAboutResolution No. 13-7435 - Approving a purchase and sale agreement between Presbyterian Intercommunity Hospital and Downey for property at 11500 Brookshire Avenue, DowneyRESOLUTION NO. 13-7435
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING A
PURCHASE AND SALE AGREEMENT BETWEEN PRESBYTERIAN
INTERCOMMUNITY HOSPITAL AND THE CITY OF DOWNEY FOR PROPERTY
LOCATED AT 1 1500 BROOKSHIRE AVENUE IN THE CITY OF DOWNEY
WHEREAS, the City has negotiated a purchase and sale agreement with the
Presbyterian Intercommunity Hospital (“Buyer”), pursuant to which the City would sell the
Property, and assign all of its interests, rights, and obligations under the Leases, to the Buyer,
for a sales price of $9,850,000 (the “Agreement”); and
WHEREAS, the sale of the Property would provide much needed revenue to the City
while ensuring the continued operation of the Hospital; and
WHEREAS, the Agreement requires that the use of the Property be restricted to
operation of the Hospital until 2030, and thereafter to Hospital/medical related uses, until 2063;
and
WHEREAS, pursuant to the Agreement, the Buyer would be obligated to make an
earnest money deposit of $150,000 which would be applied towards the purchase price if the
escrow closes; and
WHEREAS, the City Council has determined that approval of the Agreement and the
sale transaction contemplated thereby, are in the best interest of the City and the public health,
safety and welfare
NOW. THEREFORE. THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Council of the City of Downey hereby (i) approves the
Agreement, a copy of which is on file with the City Clerk, (ii) authorizes and directs the City
Manager to make final changes to the Agreement consistent with the City Council’s direction,
and (iii) authorizes and directs the Mayor to execute the final Agreement and any other
documents and agreements necessary to complete the sale transaction contemplated by the
Agreement .
SECTION 2. The City Council of the City of Downey hereby determines that the sale of
the Property is exempt from the California Environmental Quality Act (CEQA) under Section
15301 of the CEQA Guidelines, as an existing facility.
SECTION 3.The City Clerk shall certify to the adoption of this resolution.
APPROVED AND ADOPTED this 13th day of August, 2013.
/z, Ja,
MARIO A. GUERRA, Mayor
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City Clerk
RESOLUTION NO. 13-7435
PAGE 2
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a regular meeting held on the 13th day of August, 2013, by the following
vote, to wit
AYES :
NOES:
ABSTAIN :
ABSENT:
Council Members:
Council Members:
Council Members:
Council Members:
Brossmer, Marquez, Saab,
None
Guerra, Vasquez
None
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City Clerk
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