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RESOLUTION NO. 75-23 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA APPROVING THE EXPENDI- <br />TURE OF MONEY FROM THE CITY COUNCIL-REDEV- <br />ELOPMENT AGENCY REVOLVING FUND 109-134 FOR <br />THE ACQUISITION OF REAL PROPERTY IN THE CITY <br />OF SANTA ANA REDEVELOPMENT PROJECT AREA <br />BY THE COMMUNITY REDEVELOPMENT AGENCY FOR <br />THE PURPOSE OF ASSEMBLING A SITE FOR SENIOR <br />CITIZENS HOUSING <br /> <br /> WHEREAS, Health and Safety Code Section 33622 of the <br />Community Redevelopment Law provides that by resolution of <br />the City Council adopted by a majority vote, any money in <br />the Redevelopment Agency revolving fund may be expended from <br />time to time for the acquisition of real property in the Project <br />Area; and <br /> <br /> WHEREAS, the City Council of the City of Santa Ana <br />is desirous of expending funds from the City Council-Redevelop- <br />ment Agency revolving fund, 109-134-611 Land, for the purpose <br />of allowing the Community Redevelopment Agency to acquire and <br />assemble properties for the Senior Citizens Housing Site; and <br /> <br /> WHEREAS, the Community Redevelopment Agency is desirous <br />of acquiring the real property hereafter described for the <br />purposes of acquiring a site for Senior Citizens Housing, which <br />real property is hereafter described and which is situated within <br />the City of Santa Ana Community Redevelopment Project Area, and <br />has been appraised for the Community Redevelopment Agency of <br />the City of Santa Ana by John Donahue, a qualified real estate <br />appraiser; and <br /> <br /> WHEREAS, the total purchase price of said properties and <br />other disbursements provided for hereinafter does not exceed the <br />amount of such appraisal; <br /> <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA HEREBY RESOLVES AS FOLLOWS: <br /> <br /> 1. That the Finance Director of the City of Santa Ana, <br />as authorized by the City Manager, is hereby authorized to dis- <br />burse funds from the City Council-Redevelopment Agency revolving <br />fund 109-134, Activity 611-Land, for the acquisition of the <br />following described parcels of real property for the following <br />described amounts as appraised by John Donahue, a qualified real <br />estate appraiser, for the purpose of assembling a site for Senior <br />Citizens Housing: <br /> <br />ASSESSOR'S <br />PARCEL NO. <br /> <br />008-161-01 <br /> <br />008-161-02 <br /> <br />ADDRESS <br /> <br />430 W. Second Street <br />Santa Ana, California <br /> <br />426 W. Second Street <br />Santa Ana, California <br /> <br />APPRAISED <br />VALUE <br /> <br />$25,000.00 <br /> <br />24,500.00 <br /> <br /> <br />