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CJL:ag 1/14/76 RESOLUTION NO. 76-10 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING THE SALE OF THE SANTA ANA TOWERS SITE BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA TO NATIONAL HOUSING CONSULTANTS INC., FINDING THAT THE $160,000 SALES PRICE OF SAID SITE IS NOT LESS THAN ITS FAIR VALUE, DECLARING THOSE PARCELS COMPRISING THE SITE PREVIOUSLY CONVEYED BY THE CITY OF SANTA ANA TO THE COMMUNITY RE- DEVELOPMENT AGENCY OF THE CITY OF SANTA ANA TO BE SURPLUS PROPERTY AND RATIFYING THE CONVEYANCE OF TITLE OF SAID PREVIOUSLY CONVEYED PARCELS FOR AN AMOUNT TO BE DETERMINED BY THE CITY AND THE COMMUNITY REDEVELOPMENT AGENCY REPAYABLE BY THE COMMUNITY REDEVELOPMENT AGENCY PURSUANT TO ITS MARCH 12, 1973 AGREEMENT WITH THE CITY. BE tT RESOLVED, that, pursuant to Section 33434 of Health and Safety Code of the State of California, the City Council of the City of Santa Ana hereby approves the sale to National Housing Consultants, Inc. by the Community Redevelopment Agency of the City of Santa Ana of the Santa Ana Towers Site, also known as the Senior Citizens Housing Site, which site is shown on the property map attached hereto as "Attachment No. 1" bounded on the north by the former north line of Second Street, on the west by Ross Street, on the south by First Street on the east by Birch Street, which site was in part acquired from City Council - Redevelopment Agency Revolving Fund. BE IT FURTHER RESOLVED that City Council hereby receives and files the report of the Executive Director of the Community Redevelopment Agency attached hereto as Exhibit "A" and hereby finds that the site sales price of $160,000 is not less than the fair value of said site for the purpose of constructing 200 resi- dential units for senior citizens in accordance with the Re- development plan for the City of Santa Ana Redevelopment project area. BE IT FURTHER RESOLVED that, pursuant to ~33396 of the Health and Safety Code of the State of California, that portion of the aforedescribed site described in the Corporation Grant Deed attached hereto as Exhibit "B, conveyed to the Community Redevelopment Agency of the City of Santa Ana by the City of Santa Ana and accepted by the Community Redevelopment Agency of the City of Santa Ana at the request of the Santa Ana City Council is hereby declared to be surplus property of the City of Santa Ana as of the date of aforedescribed Deed and the City Council hereby ratifies the conveyance of title of said parcels to the Community Redevelopment Agency of the City of Santa Ana for an amount to be determined by the Community Redevelopment Agency and the City, repayable by the Redevelopment Agency to the City pursuant to the provision of Clause 6 of that certain March 12, 1973 Agreement between the City and Redevelopment Agency. PASSED AND ADOPTED by the City Council of the City of Santa Ana at its re§ular meeting held on the 19th day of 3anuary , 1976. ATTEST: