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HomeMy WebLinkAboutCentral California Land Trust - Agreement for PUrchase and Sale of Real Property and Escrow Instructions - APN 467-071-15 - 930-934 F St and 931-937 China Alley - 12-17-24AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY AND ESCROW INSTRUCTIONS Assessor's Parcel Number: 467-071-15 930-934 F Street and 931-937 China Alley, Fresno, CA 93706 This Agreement for Purchase and Sale of Real Property and Escrow Instructions (Agreement) is entered into by and between the CITY OF FRESNO, a California Municipal corporation, (City or Buyer) and CENTRAL CALIFORNIA LAND TRUST (CCLT), a 501(c)(3) Nonprofit corporation, (Seller). City and Seller are collectively referred to herein as "the Parties." RECITALS A. The Real Property which is the subject of this Agreement is situated at 930-934 F Street and 931-937 China Alley, in the City of Fresno, County of Fresno, State of California, bearing Assessor's Parcel Number 467-071-15 (Subject Property). B. The owner of the Subject Property is CCLT, a 501(c)(3) Nonprofit corporation (Seller). C. Seller has agreed to accept a transfer of title of the Subject Property from Chinatown Revitalization, Inc., a California Nonprofit Corporation (Chinatown"), which is in the process of winding up following administrative dissolution by the Secretary of State. D. Seller will transfer the Subject Property to City. E. The transfers of title of the Subject Property between Chinatown and Seller, and Seller and the City will occur consecutively. F. The City agrees to pay all costs associated with this transaction, as set forth in Section 6, the Purchase Price. G. City desires to purchase the Subject Property to facilitate the development of an Affordable Housing Project. H. City now wishes to purchase from Seller and Seller now wishes to sell to City, the Subject Property, subject to the terms and conditions herein. AGREEMENT NOW, THEREFORE, in consideration of the foregoing and of the covenants, conditions, and premises hereinafter contained to be kept and performed by the respective parties, it is mutually agreed as follows: 1. Subject Property. The Subject Property is situated at 930-934 F Street and 931- 937 China Alley, in the City of Fresno, County of Fresno, State of California, identified as Assessor's Parcel Number 467-071-15, which includes fixtures and improvements located on the property and all rights, privileges, and appurtenances, including any permits and easements. A legal description of the Subject Property is attached hereto as Exhibit A and incorporated herein by reference. 345970vl 2. No Threat of Eminent Domain. The Parties acknowledge the acquisition and sale of the subject property is not under threat of eminent domain. 3. AS IS SALE. Seller agrees to sell, and City agrees to purchase the Subject Property in its present, "AS IS" condition. The City has been advised by Seller to obtain a policy of title insurance on the property. 4. Condition of Title. City will obtain, at the City's sole cost, a Preliminary Title Report from a title company of its choosing. The Seller agrees to convey the Subject Property, and the City agrees to accept title to the Subject Property subject to the condition of title as set forth on the Preliminary Report. 5. Seller's Representations and Warranties. Seller represents and warrants to City, and this Agreement is made in reliance on the following: a. Seller has the full power and authority to sell, convey, transfer, assign, and deliver its interest in the Subject Property to City without obtaining consent or approval of any other person or entity. b. Seller, to the best of its knowledge, is not a party to any pending or threatened action, suit, or legal proceeding at law, in equity or otherwise, arising from, related to, or in any way affecting the Property. 6. Purchase Price. The Purchase Price for the Subject Property shall be Fifty One Thousand, Fifty Five Dollars and Seventy Three Cents ($51,055.73) which is equal to the fees or fines assessed by the CITY OF FRESNO upon the Property, in the amount of One Thousand Three Hundred and Fifty Six Dollars, and Sixty One Cents ($1,356.61), outstanding or delinquent taxes due in the amount of Twenty Seven Thousand, Eight Hundred Eighty Seven Dollars and Twelve Cents ($27,887.12), fees for staff time in preparation of documents including One Thousand, Eight Hundred Twelve Dollars and Zero Cents ($1,812.00) to AMI Concepts, and Five Thousand Dollars and Zero Cents ($5,000.00) to Central California Land Trust, and a maximum of Fifteen Thousand Dollars and No Cents ($15,000.00) for Chinatown's attorney's fees and costs incurred in the representation of Chinatown and drafting of the documents to effectuate the purchase and sale of the Subject Property (the "Purchase Price"). Chinatown's attorney shall provide a demand into escrow in order to receive payment. 7. Further Assurances. The Parties agree to execute and deliver all such further instruments and take such other further actions as may be reasonably necessary or appropriate to carry out the provisions of this Agreement and the intention the parties as expressed herein. 8. Effective Date. The Effective Date of this Agreement shall be upon its duly authorized execution by the Parties after City approval. 9. Reserved. 10. Escrow Instructions. The sale shall be completed through an Escrow to be opened at Fidelity National Title Company, located at 7475 N. Palm Avenue, Suite 107, Fresno, CA 93711 (Escrow Holder). Said escrow shall be opened upon the 345970vl following terms and conditions, and Seller and City by their signature to this Agreement, make this paragraph their escrow instructions: a. Deposit. City shall deposit the sums set forth above in Paragraph 6 and closing costs in escrow upon receipt of a demand and statement from Escrow Holder. Said funds will be deposited not later than the close of business on the day before the Close of Escrow. b. Accounting. Escrow Holder will forward to both City and Seller a separate accounting of all funds received and disbursed for each party. Payment of said sums may be made to Seller only when Escrow Holder possesses and is in a position to deliver to the City, a fully executed, acknowledged, and recorded deed to the Subject Property. c. Access. City and its agents, employees or assigns shall have the right to access the Subject Property at all times following execution of this Agreement by the Parties; for the purpose of conducting all studies, inspections, evaluations, tests, or surveys of the Subject Property that City elects to have performed upon reasonable notice to the Seller. City agrees to indemnify and hold Seller harmless from any and all liability, loss, cost, damage, or expense that Seller may sustain or incur by reason of, or in connection with, such entry, studies, inspections, evaluations, tests, or surveys conducted by City. d. Defects in Title. City shall accept title to the Subject Property to be acquired by City herein subject to all defects in any or all matters of record title. Seller covenants and agrees to immediately notify City of any and all known claims and demands third parties may make or assert and causes of action third parties may bring which arise out of or are in connection with the Subject Property. e. Financial Liabilities. The City shall bear any, and all costs associated with the Closing of this transaction, including the payment of all taxes, penalties, redemptions, and costs allocable to the Subject Property. f. Costs. City shall pay the escrow fee, closing costs, recording fees (if any), and payment for a CLTA policy of title insurance. City shall bear any, and all costs associated with the Closing of this transaction. g. Disbursement. Disbursement of the Purchase Price shall be in the amounts, at the times, and in all respects in accordance with the terms and conditions and subject to the limitations of this Agreement. Close of Escrow. Close of Escrow for the Purchase and Sale of the Subject Property shall occur no later than December 27, 2024. The following Conditions of Sale must be met prior to Close of Escrow: i. City's approval of any engineering reports; ii. No pending litigation against the Subject Property; iii. City's approval of preliminary title report; 345970vI iv. City's approval of physical inspection of the Subject Property; v. Approval of this Agreement by the City Council of the City of Fresno prior to execution by City; vi. Escrow Holder is in possession of a good and sufficient grant deed duly executed by Chinatown to Seller, to be recorded immediately before recording the grant deed between Seller and City; vii. Escrow Holder is in possession of a good and sufficient grant deed, duly executed by Seller. viii.Seller's delivery of the Subject Property at Close of Escrow to City without any guests or tenants; 11. Reserved. 12. Condition and Inspection of Subject Property. Notwithstanding any other provision of this Agreement to the contrary, Seller has not expressly or impliedly made any representations, guaranties, promises, statements, assurances, or warranties of any kind concerning the Subject Property. Seller has not conducted any investigation regarding the condition of the Subject Property. 13. Default and Remedies. a. City's Default. IF CLOSE OF ESCROW SHALL FAIL TO OCCUR BECAUSE OF THE CITY'S DEFAULT UNDER THIS AGREEMENT, SELLER'S SHALL HAVE NO REMEDY. ANY CITY DEPOSIT MADE SHALL BE REFUNDABLE AT ALL TIMES AND RETURNED TO THE CITY, UPON REQUEST. b. Seller's Default. IF THE CLOSE OF ESCROW SHALL FAIL TO OCCUR BECAUSE OF SELLER'S DEFAULT UNDER THIS AGREEMENT, CITY MAY (1) TERMINATE THIS AGREEMENT, IN WHICH EVENT THE ENTIRE DEPOSIT PREVIOUSLY MADE BY CITY AND ALL OTHER FUNDS DEPOSITED BY CITY SHALL BE RETURNED TO CITY AND THE PARTIES SHALL THEREAFTER HAVE NO OBLIGATIONS UNDER THIS AGREEMENT OR ADDITIONAL LIABILITY TO ONE ANOTHER; OR (2) MAINTAIN THIS AGREEMENT IN EFFECT AND PURSUE AN ACTION FOR SPECIFIC PERFORMANCE. 14, Notices. All notices, demands, consents, requests or other communications required to or permitted to be given pursuant to this Agreement shall be in writing, shall be given only in accordance with the provisions of this Section, shall be addressed to the parties in the manner set forth below, and shall be conclusively deemed to have been properly delivered: (a) upon receipt when hand delivered during normal business hours (provided that, notices which are hand delivered shall not be effective unless the sending party obtains a signature of a person at such address that the notice has been received); (b) upon receipt when sent by facsimile or email, if sent before 5:00 p.m. on a business day to the number set forth below with written confirmation of a successful transmission by the sender's facsimile machine or email account; (c) upon the day of delivery if the notice has 345970v1 been deposited in an authorized receptacle of the United States Postal Service as first-class, registered or certified mail, postage prepaid, with a return receipt requested (provided that, the sender has in its possession the return receipt to prove actual delivery); or (d) one (1) business day after the notice has been deposited with either Golden State Overnight, Fed Ex or United Parcel Service to be delivered by overnight delivery (provided that, the sending party receives a confirmation of actual delivery from the courier). The addresses of the parties to receive notices are as follows: TO SELLER: CENTRAL CALIFORNIA LAND TRUST c/o Christine Barker, President 1940 N Fresno St Fresno, CA 93703 Telephone: (559) 284-7249 TO CITY: CITY OF FRESNO Attention: City Manager 2600 Fresno Street Fresno, CA 93721 Telephone: (559) 621-8000 TO ESCROW HOLDER: Fidelity National Title Company Valerie Budzik, Escrow Officer 7475 N. Palm Avenue, Suite 107 Fresno, California 93711 Telephone: (559) 431-8050 Each party shall make an ordinary, good faith effort to ensure that it will accept or receive notices that are given in accordance with this Section, and that any person to be given notice receives such notice. If any notice is refused, the notice shall be deemed to have been delivered Upon such refusal. Any notice delivered after 5:00 p.m. (recipient's time) or on a non -business day shall be deemed delivered on the next business day. A party may change or supplement the addresses given above, or designate additional addressees, for purposes of this Section by delivering to the other party written notice in the manner set forth above. 15. Miscellaneous Provisions: Waiver. The waiver by either party of a breach by the other of any provision of this Agreement shall not constitute waiver or a waiver of any subsequent breach of either the same or a different provision of this Agreement. No provision of this Agreement may be waived unless in writing and signed by all parties to this Agreement. Waiver of any one provision herein shall not be deemed to be a waiver of any other provision herein. 345970YI b. Governing taw and Venue. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of California. Venue for purposes of the filing of any action regarding the enforcement or interpretation of this Agreement any rights and duties hereunder shall be Fresno, California. C. Headings. The section headings in this Agreement are for convenience and reference only and shall not be construed or held in any way to explain, modify, or add to the interpretation or meaning of the provisions of this Agreement. d. Severability. The provisions of this Agreement are severable. The invalidity, or unenforceability or any one provision in this Agreement shall not affect the other provisions. e. Interpretation. The parties acknowledge that this Agreement in its final form is the result of the combined efforts of the parties and that, should any provision of this Agreement be found to be ambiguous in any way, such ambiguity shall not be resolved by construing this Agreement in favor of or against any party, but rather by construing the terms in accordance with their generally accepted meaning. f. Attorney's Fees. If either party is required to commence any proceeding or legal action to enforce or interpret any term, covenant or condition of this Agreement, the prevailing party in such proceeding or action shall be entitled to recover from the other party its reasonable attorney's fees and legal expenses. g. Precedence of Documents. In the event of any conflict between the body of this Agreement and any Exhibit or Attachment hereto, the terms and conditions of the body of this Agreement shall control and take precedence over the terms and conditions expressed within the Exhibit or Attachment. h. Cumulative Remedies. No remedy or election hereunder shall be deemed exclusive but shall, wherever possible, be cumulative with all other remedies at law or in equity. i. Exhibits and Attachments. Each Exhibit and Attachment referenced herein is by such reference incorporated into and made a part of this Agreement for all purposes. j. Non -Material Changes. The City Manager of the City, or designee, may execute any supplemental escrow instructions and may make minor modifications to this Agreement, the exhibits, and the documents referenced herein, on behalf of the City, and by virtue of an amendment mutually signed by Seller, provided such modifications do not constitute a material change to this Agreement. k. Extent of Agreement. Each party acknowledges that they have read and fully understand the contents of this Agreement. This Agreement represents the entire and integrated agreement between the parties 3459700 with respect to the subject matter hereof and supersedes all prior negotiations, representations, or agreements, either written or oral. This Agreement may be modified ❑nly by written instrument duly authorized and executed by both the City and the Seller. Counterparts. This Agreement may be executed and delivered, in one or more duplicate counterparts, each of which shall be deemed an original. Copies of executed counterparts transmitted by telecopy, facsimile or other electronic transmission services shall be considered original executed counterparts, all of which, when taken together, shall constitute one and the same instrument. (SIGNATURES FOLLOW ON THE NEXT PAGE.) 345970v] IN WITNESS WHEREOF, the parties have executed this Agreement at Fresno, California, on the Effective date of this Agreement as defined above. CITY OF FRESNO, SELLER, A California municipal corporation CENTRAL CALIFORNIA LAND TRUST, A 50VChrtine rofi or ration By: - I � 7Ia'y By: Geor anne A. White Date rker City Mnager President of the Board APPROVED AS TO FORM: ANDREW JP-� City Attornp By: N Seib City Attorney ATTEST: TODD STERMER, CMC City Clerk Date: LIM 1 Treasurer Date: t Z Z Date (Attach notary certificate of acknowledgement) By. ram( ri Date Attachments: Exhibit A — Legal Description 345970v1 EXHIBIT A LEGAL DESCRIPTION THE LAND REFFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF FRESNO, COUNTY OF FRESNO, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS: LOT 24 AND 25 IN BLOCK 51 OF THE TOWN (NOW CITY) OF FRESNO IN THE CITY OF FRESNO, COUNTY OF FRESNO, STATE OF CALIFORNIA, ACCORDING TO THE MAP THEREOF RECORDED IN BOOK 1 PAGE 2 OF PLATS, FRESNO COUNTY RECORDS. APN 467-071-15 34597Dv1 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Fresno On December 17, 2024 before me, T Machado, Notary Public (insert name and title of the officer) personally appeared Georgeanne A. White who proved to me on the basis of satisfactory evidence to be the person(&) whose name(-) is/are subscribed to the within instrument and acknowledged to me that die/she/thy executed the same in 4Wher/them-authorized capacity0es), and that by �+s/her/#e* signatureM on the instrument the person(), or the entity upon behalf of which the personM acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature 'F. Mac4&do (Seal) T.IMACHAt)0 COMM, #2469751 2 otary Public • Callfornla o am, Fresno County Comm. Ex ires Nov. 5, 2027 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Fresno On 12/12/2024 before me, Nelson Her, Notary Public (insert name and title of the officer) personally appeared Jeremy Hofer who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and off' 'al seal. �` NEa" HER COW. # 2352025 �7 Y NOTARYCOUNTY OF FRESNO NIA w f / / N COMO. En*n MAR 17, 2125 lg Signature ''—✓J (Seal) ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Fresno On 12/12/2024 before me, Nelson Her, Notary Public (insert name and title of the officer) personally appeared Christine Barker who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official al. NELSON HER r m CpW.12352025 iY IWTMY PUBLIC CIVL"ANIA 1[fY `L CgUOF FfIFA1fU Cpnml, fxp m m" 17. 2M •rr� Signature (Seal) OF FRF� 2600 Fresno Street City of Fresno Fresno, CA93721 www.fresno.gov 4�0 0�pdRA��° Legislation Details (With Text) File #: ID 24-1477 Version: 1 Name: Type: Action Item Status: Passed' File created: 10/23/2024 In control: City Council On agenda: 12/12/2024 Final action: 12/12/2024 Title: Actions related to the acquisition of 930-934 F St and 931-937 China Alley, APN 467-071-15 (Council District 3) 1. *** RESOLUTION - Declaring an urgent necessity for the preservation of life, health, property; and authorizing the Planning and Development Director or designee to enter into and administer contracts for the demolition of dangerous structures, and removal of hazardous materials without advertised competitive bidding; and approve the following contracts: David Knott Incorporated for Demolition Services in an amount not to exceed $490,000 and JSA Environmental Consulting for the Removal of Hazardous Materials in an amount not to exceed $40,100; and authorize the Planning and Development Director to sign such contracts (Requires 5 affirmative votes) (Subject to Mayor's Veto) 2. Adopt a finding of an In -fill exemption in accordance with Section 15332 of the California Environmental Quality Act (CEQA). 3. Approve an Agreement for Purchase and Sale of Real Property and Escrow Instructions with Central California Land Trust to acquire a fee interest in the real property situated at 930-934 F Street and 931-937 China Alley, Fresno, California, identified as Assessor's Parcel Number 467-071-15 in the amount of $51,055.73. Sponsors: Planning and Development Department Indexes: Code sections: Attachments: 1. 24-1477 Location Map, 2. 24-1477 CEQA In -Fill Exemption, 3. 24-1477 Purchase and Sale of Real Property and Escrow Instruction Agreement, 4. 24-1477 Resolution of Urgent Necessity for Demolition with contract & agreement attached Date Ver. Action By Action Result 12/12/2024 1 City Council REPORT TO THE CITY COUNCIL FROM: JENNIFER CLARK, Director Planning and Development Department PHIL SKEI, Assistant Director Planning and Development BY: KRISTINE LONGORIA, Project Manager Housing and Community Development Division SUBJECT Actions related to the acquisition of 930-934 F St and 931-937 China Alley, APN 467-071-15 (Council District 3) 1. *** RESOLUTION - Declaring an urgent necessity for the preservation of life, health, property; and authorizing the Planning and Development Director or designee to enter into and City of Fresno Page 1 of 4 Printed on 12/12/2024 powered by Legistar- File #: ID 24-1477, Version: 1 administer contracts for the demolition of dangerous structures, and removal of hazardous materials without advertised competitive bidding; and approve the following contracts: David Knott Incorporated for Demolition Services in an amount not to exceed $490,000 and JSA Environmental Consulting for the Removal of Hazardous Materials in an amount not to exceed $40,100; and authorize the Planning and Development Director to sign such contracts (Requires 5 affirmative votes) (Subject to Mayor's Veto) 2. Adopt a finding of an In -fill exemption in accordance with Section 15332 of the California Environmental Quality Act (CEQA). 3. Approve an Agreement for Purchase and Sale of Real Property and Escrow Instructions with Central California Land Trust to acquire a fee interest in the real property situated at 930-934 F Street and 931-937 China Alley, Fresno, California, identified as Assessor's Parcel Number 467-071-15 in the amount of $51,055.73. RECOMMENDATION Staff recommends the City Council approve the Resolution of Necessity; and authorize the Planning and Development Director to sign contracts for demolition and removal of hazardous materials for the dangerous structures located at 930-934 F St and 931-937 China Alley, Fresno, California, identified as Assessor's Parcel Number 467-071-15 (Subject Property); adopt the finding of an in -fill exemption in accordance with Section 15332 of the California Environmental Quality Act (CEQA); approve the Purchase and Sale Agreement with Central California Land Trust to acquire a fee interest in the Subject Property in the amount of $51,055.73; and authorize the City Manager, or designee, to sign all implementing agreements and necessary documents to complete the Subject Property acquisition on behalf of the City. EXECUTIVE SUMMARY The City of Fresno (City) is seeking to purchase parcel 467-071-15 also known as the Bow On Tong Building located at 930-934 F St and 931-937 China Alley. The building has been deemed dangerous and is subject to active code enforcement action. The owners have been negotiating an opportLinity sale of the property to the City at a price consistent with its appraised value. The City plans to purchase and demolish the severely damaged unsafe structure and procure a developer to build affordable housing at this site. BACKGROUND The Subject Property consists of two dilapidated buildings on APN 467-071-15. The building facing F St was built in 1920 and is a two-story structure with two commercial spaces on the ground floor and housing on the second floor with the addresses 930-934 F St. A separate one-story structure faces China Alley, labeled as 3 dwellings in 1950, with addresses 931-937 China Alley. The parcel is zoned DTC, Downtown Core, and described as mixed use. On March 4, 2022, a fire caused significant damage to the vacant building located at 930-934 F St also known as the Bow On Tong Building. The site was vacant for about 30 years before the fire, which caused the roof of the primary structure to collapse onto the 2nd level and destroy the property. Although the building was previously considered a historic resource, after the fire, a Workshop was held at the Historic Preservation Commission meeting on August 22, 2022, where the City's Planning & Development Director discussed the recent partial demolition of this building, the City of Fresno Page 2 of 4 Printed on 12/12/2024 powered by Legislar- File #: ID 24-1477, Version: 1 remains do not possess enough integrity to convey its significance, and the building no longer eligible for designation on the Local Registry. There have been documented code violations involving this property, resulting in multiple code enforcement cases over the years, the most current case deeming the building dangerous, citing the current conditions posing an imminent danger to the public due to the compromised structural integrity of the building and an attractive nuisance for unsafe entry by transients. As noted in Code enforcement inspections, the owner has made no visible attempts to abate the public nuisance by rehab or demolition. City of Fresno Code Enforcement has recorded documents with the County recorder's Office to include: 1. Certificate of Existence of a Public Nuisance, Document 2022-0050355, Recorded on April 19, 2022, Owner - Chinatown Revitalization, Inc of Fresno. 2. Notice of Public Nuisance or Housing Violation Abatement Action (Notice of Costs), Document 2022-0054405, Recorded on April 26, 2022, Owner -Chinatown Revitalization Inc of Fresno. 3. Notice of Special Assessment, Document 2022-007395, Recorded on June 07, 2022. 4. Notice of Special Assessment, Document 2023-0013144, Recorded on February 14, 2023. Additionally, a Demand for Payoff was also sent to sellers by City of Fresno code enforcement dated February 23,2024. The City of Fresno has been in active negotiations to purchase the parcel from the owners with the intent to demolish the unsafe structures and procure a developer to build affordable housing. The current owners, Chinatown Revitalization Corporation (CRI), was administratively dissolved by the California Franchise Tax Board and Secretary of State due to their inactivity, prior to disposing of and transferring this asset. Due to this, CRI will now complete the windup of their corporation by transferring title of the subject property to local non-profit Central California Land Trust (CCLT) in accordance with corporate windup provisions and CRT's Articles of Incorporation. In turn and instantaneously through the attached Purchase and Sale Agreement and through escrow, the City will be the final owner of the Subject Property as the grant deeds will be recorded consecutively. The Purchase and Sale Agreement considered the code enforcement liens and appraisal for the property to determine the value. The City will use GO -Biz Infrastructure Grant funds to purchase the parcel and both American Rescue Plan Act (ARPA) and GO -Biz Infrastructure Grant funds for the demolition of the structures. The project would be limited to the acquisition of the parcel and demolition of the structures. Based on the damage from the fire that caused the second story to collapse along with the evaluation by building staff and Code Enforcement determinations, noted in the inspections, the building has been deemed a danger to the public and should be demolished as soon as possible. ENVIRONMENTAL FINDINGS In accordance with Section 15332 of the California Environmental Quality Act (CEQA) Guidelines, the project has been determined to be exempt from CEQA under the general rule of in -fill development. CEQA Guidelines identify exemption criteria for agricultural housing, affordable housing, and residential infill projects, and applicable projects that fulfill these criteria have been determined to City of Fresno Page 3 of 4 Printed on 12/12/2024 powered by Legistar"' File #: ID 24-1477, Version: 1 have no significant effect on the environment and shall be exempt from the provisions of CEQA. LOCAL PREFERENCE Local preference is not applicable because of the use of State funds. FISCAL IMPACT The agreement will be funded through the City's ARPA (Demo and Hazard Analysis) and GO -Biz Infrastructure Grant (Purchase & Demo) Funding allocations. Attachments: 1. Location map 2. CEQA In -Fill Exemption 3. Purchase and Sale of Real Property and Escrow Instruction Agreement 4. Resolution of Urgent Necessity for Demolition with contract & agreement attached City of Fresno Page 4 of 4 Printed on 12/12/2024 powered by Legistar`'