2020-021 - Approving the Vacant Land Purchase Agreement for the Sale of Town-Owned Property at 20 Dittos LaneRESOLUTION2020-021
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE VACANT LAND PURCHASE AGREEMENT FOR THE SALE OF
TOWN -OWNED PROPERTY LOCATED AT 20 DITTOS LANE, APN 529-29-034 AND
AUTHORIZING THE TOWN MANAGER TO EXECUTE ALL DOCUMENTS NEEDED TO
COMPLETE THE TRANSACTION IN A FORM ACCEPTABLE TO THE TOWN ATTORNEY
WHEREAS, the Town and/or the Successor Agency to the Los Gatos Redevelopment
Agency ("Successor Agency') own the property located at 20 Dittos Lane, Los Gatos, CA; APN:
529-29-034 ("Dittos Property");
WHEREAS, the Dittos Property was purchased by the former Redevelopment Agency for
the Town of Los Gatos for the purpose of providing below market price residential uses; and
WHEREAS, the Town desires to develop an Affordable Residential Housing Project with a
preference for Teacher & School Employees ("Project") on the Dittos Property and has selected
Sarah Chaffin, the Developer for the Project; and
WHEREAS, the Town and Buyer desire for the Buyer to develop improvements on the
Dittos Property, consisting of two (2) single-family residential units and two (2) accessory
dwelling units on two lots which shall be made available to and occupied by households earning
no more than 120% of the Area Median Income; and
WHEREAS, the Project has generated enthusiasm from a broad range of community
members, and will help implement a number of Town goals, including those set forth in the
Town's General Plan and Housing Element.
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Resolution 2020-021 June 2, 2020
NOW, THEREFORE, BE IT RESOLVED that the Town Council of the Town of Los Gatos does
hereby approve the attached Vacant Land Purchase Agreement and First Addendum to the
Agreement for the sale of the Town -owned real property located at 20 Dittos lane, APN 529-29-
034, Los Gatos California and authorizes the Town Manager to execute the Vacant Land Purchase
Agreement and First Addendum to the Agreement in substantially the form presented to the
Town Council and to take any and all steps (including, but not limited to, the execution and
delivery of any and all certificates, agreements, notices, consents, escrow instructions, closing
documents, and other instruments or documents) as the Town Manager deems necessary or
appropriate in order to complete the sale contemplated by the Vacant Land Purchase Agreement
and First Addendum to the Agreement or to otherwise effectuate the purpose and intent of this
Resolution, and in a form acceptable to the Town Attorney.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the 211 day of June 2020 by the following vote:
COUNCIL MEMBERS
AYES:
Rob Rennie, Marico Sayoc, Barbara Spector, Mayor Marcia Jensen
NAYS:
None
ABSENT:
None
ABSTAIN:
None �-
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE:
ATTEST:
TOWN CLERK OF THE TOWN OF LOS GATOS
LOS GATOS,. CALIFG :NIA
DATE:aU
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Resolution 2020-021 June 2, 2020