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DF:nr <br />3-24-77 : <br /> <br />RESOLUTION NO. 77-38 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA APPROVING THE CONTRACT FOR THE <br />SALE OF LAND FOR PRIVATE REDEVELOPMENT BETWEEN <br />THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA AND THE HOUSING AUTHORITY OF THE <br />CITY OF SANTA ANA AND SANTA ANA INTOWN APARTMENTS, <br />A LIMITED PARTNERSHIP, FINDING THAT THE SALES <br />PRICE OF $1,368,500 IS NOT LESS THAN ITS FAIR <br />MARKET VALUE <br /> <br /> WHEREAS, the real property which is the subject of the <br />Contract for the Sale of Land for Private Redevelopment has been <br />acquired with tax increment monies and redevelopment revolving <br />funds by the Community Redevelopment Agency of the City of Santa <br />Aha; and <br /> <br /> WHEREAS, California Health and Safety Code §§33433 and <br />33434 require a public hearing before any property so acquired <br />is sold, notice of which shall be published in a newspaper of <br />general circulation in the community for at least two successive <br />weeks prior to the hearing; and <br /> <br /> WHEREAS, the public hearing on the Contract for the <br />Sale of Land for Private Redevelopment has been held after due <br />notice was given; and <br /> <br /> WHEREAS, pursuant to California Health and Safety Code <br />§33433, an independent appraiser has established a fair market <br />value of the subject real property to be $1,368,500. <br /> <br /> NOW, THEREFORE BE IT RESOLVED by the City Council of <br />the City of Santa Ana: <br /> <br /> 1. The City Council finds that $1,368,500 is not less <br />than the fair market value of the real property which is the <br />subject of the Contract for the Sale of Land for Private Rede- <br />velopment. <br /> <br /> 2. The "Contract for the Sale of Land for Private <br />Redevelopment between the Conuuunity Redevelopment Agency of the <br />City of Santa Ana and the Housing Authority of the City of <br />Santa Aha and Santa Ana Intown Apartment," a copy of which is on <br />file in the office of the Clerk of the Council, is hereby approved. <br /> <br /> ADOPTED this <br />the following vote: <br /> <br />AYES: <br /> <br />NOES: <br /> <br /> 29th day of March , 1977, by <br /> <br />COUNCILMEN: Brandt, Bricken, Ortiz, <br /> Yamamoto, Garthe, Ward <br />COUNCILMEN: None <br /> <br />ABSENT: COUNCILMEN: Evans <br /> <br />ATTEST: <br />CLERK Or T.E ' \ \U - <br /> <br />KEITH L. GOW, CITY ATTORNEY <br /> <br /> <br />