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Res 1140 - Disp Grace Village P ...,....- COUNCIL BILL NO. 1416 RESOLUTION NO. 1140 A RESOLUTION AUTHORIZING AN AGREEMENT WITH THE STATE OF OREGON REGARDING DISPOSITION OF THE "GRACE VILLAGE" PROPERTY. WHEREAS, the City was directed by a letter dated June 19, 1992 from the Economic Development Department of the State of Oregon to transfer the Grace Village property to Marion County, and WHEREAS, the State of Oregon has the legal authority to direct the transfer of the property, and WHEREAS, the City, over a seven year period, has endeavored to cooperate with the State in resolving the Grace Village issue, while at the same time protecting the interests of the City taxpayer, and WHEREAS, it has been the highest priority of the City to recover City tax money spent in the Grace Village project and litigation, and WHEREAS, the proposed agreement with the State of Oregon allows tax money to be recovered, NOW, THEREFORE, THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 1. The Mayor is authorized to execute, on behalf of the City, the agreement with the State of Oregon regarding disposition of the "Grace Village" property, a copy of which is attached and, by this reference, incorporated herein. Section 2. That the Mayor and City Administrator are authorized to execute, on behalf of the City, any related documents necessary to implement said agreement. Approved as to form':'n~ ~ 0 City Attorney APPROVEO'-l!J!-" LU ~&J2YL- FR W. KYSER, M OR Page 1 - COUNCIL BILL NO. 1416 RESOLUTION NO. 1140 ~.. . -.. r-'T' -_.._-- .-.....-...--.......--....... ..,....... Passed by the Council AUGust 27. 1992 Submitted to the Mayor August 28, 1992 Approved by the Mayor August 28, 1992 Filed in the Office of the Recorder AUGust 28. 1992 ATTEST: j7~~~ Mary Ten nt, City Recorder City of Woodburn, Oregon Page 2 - COUNCIL BILL NO. 1416 RESOLUTION NO. 1140 '..... ._--,--- r _..,-~--_.... ... -- . '.. ,u____ ""',,~ AGREEMENT "state" - STATE OF OREGON, by and through its Economic Development Department, CITY OF WOODBURN August _' 1992 "City" - Date of 1974, grants. RECITALS: 1. Title I of the Housing and Community Development Act Public Law 93-383, as amended, provides for certain 2. Pursuant thereto, the state and City entered into Grant Agreement #85-316-ED on July 26, 1985. 3. Pursuant to the Grant Agreement, the state delivered $252,297 to the City which, in turn, loaned $245,000 thereof to Grace Village Associates to purchase certain property within the City (the "Property"). 4. Construction began on the project, but Grace Village Associates ran out of money and did not pay its general contractor, Woodburn Construction Co.. 5. Woodburn Construction Co. stopped work, filed a foreclosure lawsuit in the Marion County circuit Court, and claimed the City's mortgage was behind the construction lien of Woodburn Construction Co. 6. The Circuit Court held that the City's mortgage lien Page 1 - AGREEMENT August 27, 1992 - 5:02pm ~,...- ...'" d"" was senior to the construction liens, and the court foreclosed the mortgage. 7 . The Marion County Sheriff sold the Property at a foreclosure sale to the City. 8. No one redeemed within the statutory redemption period, and the City obtained a sheriff's deed to the Property. 9. The State provided instructions to the City to deed the Property to Marion County. 10. The city has received several payments from Grace Village Associates on the loan, rents from the Property, and interest thereon. After deducting certain costs attributable directly to the Property, the amount remaining from those receipts is, as of August 17, 1992, $6,661.38 in the hands of the City and $11,964.19 in the trust account of a property management company. 11. The city has incurred other costs, eligible under the Grant Agreement, of not less than $104,421,81 in hiring counsel to defend the litigation and foreclose the mortgage and ultimately acquire the Property through the sheriff's foreclosure sale, paying delinquent property taxes, and for appraisers, title searches, repairs, and management of the Property and administration of the Grant Agreement,. Now, therefore, the State and City hereby agree as follows: A G R E E MEN T 12. Pursuant to the State's directions, the City will deed the Property by statutory bargain and sale deed to Marion Page 2 - AGREEMENT August 27, 1992 - 5:02pm .......- 1 . .. '__._.,-_..~--,... ',.,.".",,-,.__..~....,.,-.~.__.._".... --"'-'-"~""'---'-'--;"'-'"-'.~---'-' e1"""- County for a housing project to be constructed by the Farmworker Housing Development Corporation, which shall meet a national objective under the Housing and Community Development Act. 13. The state will deliver or cause to be delivered to the City $60,307.72 plus up to $4,250 for the City's remaining legal costs in the matter. 14. The city will deliver to the state or its written designee: a. the $6,661.38 (plus any amounts delivered to the City by the property management company after August 17, 1992 but prior to closing hereOf) and b. an assignment of the City's rights in and to the $11,964.19 (plus any additional amounts collected into that trust account between August 17, 1992 and the closing hereof). 15. The exchange of deed for the funds will be outside escrow. 16. The State agrees and acknowledges that by delivery of the deed to Marion County the City: a. will have cured any possible default by the City, if any there may be (and which the City denies), under the Grant Agreement; b. will have no further liabilities or obligations to the state under the Grant Agreement; and c. will be eligible, to the extent of any other pUblic body, for future Community Development Block Grants, Special Public Works Fund and Strategic Reserve Fund grants and any other Page 3 - AGREEMENT August 27, 1992 - 5:02pm ....' ,- l ----~"-~._-_._-,--,-","-~.---" ~. similar programs administered by the state. IN WITNESS WHEREOF, the State and City have executed this Agreement, in duplicate, by their duly-~uthorized officers as of the date first hereinabove written. STATE OF OREGON, by and through its Economic Development Department CITY OF WOODBURN By Name: Title: By Name: Title: Approved as to form: Approved as to form: By Name: Assistant Attorney General N. Robert Shields Woodburn City Attorney ASSENT Marion County and Farmworker Housing Development Corporation hereby assent to the foregoing. MARION COUNTY FARMWORKER HOUSING DEVELOPMENT CORPORATION By Title By Title G:\clientl\08071\woodagr5.A12 Page 4 - AGREEMENT August 27, 1992 - 5:02pm ~. "r "'-'~--~-----,~.....,...,,--_..._~.,.-