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EJC:sc 8/29/79 RESOLUTION NO. 79-156 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA MAKING CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE RECEIVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA PURSUANT TO A FIRST AMENDMENT TO PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY REDEVEL- OPMENT AGENCY OF THE CITY OF SANTA ANA AND STEVEN J. KEISER AND PAULA B. KEISER FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA REDEVEL- OPMENT PROJECT; APPROVING THE PROPOSED SALE OF SAID REAL PROPERTY; AND APPROVING THE FIRST AMENDMENT TO PARTICIPATION AGREEMENT PERTAINING THERETO. WHEREAS, the Community Redevelopment Agency of the City of Santa Aha is engaged in activities necessary to exe- cute and implement the Redevelopment Plan for the Santa Ana Redevelopment Project; and WHEREAS, in order to implement the Redevelopment Plan, the Agency proposes to sell certain real property in the Project area, pursuant to the terms and provisions of that certain agreement previously entered into between the Commu- nity Redevelopment Agency and Steven J. Keiser and Paula B. Keiser, dated January 15, 1979, entitled "Participation Agree- ment'', and the proposed First Amendment to Participation Agree- ment in which said real property is described; and WHEREAS, Steven J. Keiser and Paula B. Keiser have submitted to the Agency a written offer in the form of said Agreement to purchase the site; and WHEREAS, the Participation Agreement dated January 15, 1979 and the First Amendment to Participation Agreement contains all the provisions, terms, conditions and obligations required by state and local law; and WHEREAS, Steven J. Keiser and Paula B. Keiser possess the qualifications and financial resources necessary to acquire and insure development of the site, in accordance with the purposes and objectives of the Redevelopment Plan; and WHEREAS, the Agency has prepared, and the City Council has reviewed and considered, a Summary Report setting forth the cost of the first Amendment to Participation Agreement to the Agency, the estimated value of the interests to be conveyed determined at the highest uses permitted under the Redevelop- ment Plan, and the purchase price, and made said Summary Report available for public inspection in accordance with the California Community Redevelopment Law; and WHEREAS, the City Council has found on the basis of an Initial Study that said First Amendment to Participation Agreement will not result in substantial changes in the Project or the circumstances under which the Project is to be undertaken, that no Negative Declaration, Subsequent Environmental Impact Report, or Supplement to an Environmental Impact Report is required, and that the proposed action will have no significant effect on the environment except as identified and considered in the previous Environmental Impact Report; and