Agenda Report
Fullerton City Council
MEETING DATE: JULY 18, 2023
TO: CITY COUNCIL / SUCCESSOR AGENCY
FROM: DAISY PEREZ, DEPUTY CITY MANAGER
PREPARED BY: DAISY PEREZ, DEPUTY CITY MANAGER
SUBJECT: GRANT DEED FOR PURCHASE OF REAL PROPERTY LOCATED AT 3535 WEST COMMONWEALTH AVENUE
SUMMARY
City Council approved the purchase of property located at 3535 West Commonwealth Avenue on June 20, 2023. Staff requests City Council authorization to accept the grant deed for the property as part of the real estate transaction.
RECOMMENDATION
Adopt Resolution No. 2023-XXX.
RESOLUTION NO. 2023-XXX – A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FULLERTON, CALIFORNIA, ACCEPTING A GRANT DEED FOR PURCHASE OF REAL PROPERTY LOCATED AT 3535 COMMONWEALTH AVENUE
CITY MANAGER REMARKS
The City is looking to close on the property by the end of July or early August. As a part of the title work and due diligence, we are requesting that the City Council approve the attached Resolution.
POLICY PRIORITY STATEMENT
This item matches the following Budget Policy Priority Statement:
Fiscal and Organizational Stability.
FISCAL IMPACT
None.
DISCUSSION
The City of Fullerton participates in various programs and initiatives to provide shelter solutions for the homeless population. The State of California provided $10,000,000 to the City to purchase the property 3535 Commonwealth Avenue, which operates as the Fullerton Navigation Center including recuperative care and wrap-around services.
City Council authorized the City Manager on June 20, 2023 to execute Purchase and Sale Agreement and all required documents for acquisition of real property located at 3535 West Commonwealth Avenue (APN 030-040-15) for $9,580,000 plus closing costs and escrow fees. Staff requests City Council authorization to accept the grant deed for the property as part of the real estate transaction. A certificate of acceptance is legally required to record the deed transfer and formally accept the grant deed.
A Certificate of Acceptance acknowledges the transfer of ownership of a property from one party to another. In this case, the City of Fullerton will purchase the property located at 3535 West Commonwealth Avenue from Dyer 19, LLC. The City of Fullerton will accept this transfer and acknowledge responsibility for the property upon authorization. This certificate ensures that both parties agree to the transfer and clarifies any existing rights or limitations on the property. It is an important step to finalize the ownership transfer and ensure legal clarity.
Attachments:
Attachment 1 – Draft Resolution No. 2023-XXX
cc: City Manager Eric J. Levitt
3535 West Commonwealth Avenue Grant Deed
July 18, 2023 - Page 3