Laserfiche WebLink
RESOLUTION NO. 80-29 <br />PAGE TWO <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA, AS FOLLOWS: <br /> <br /> 1. The City Council has considered all terms and <br />conditions of the proposed sale and hereby finds and <br />determines that the redevelopment of the Property pursuant <br />to the proposed Agreement is in the best interests of the <br />City and the health, safety, morals and welfare of its <br />residents, and is in accord with the public purposes and <br />provisions of the applicable state and local laws. <br /> <br /> 2. The City Council hereby finds and determines <br />that the consideration for the sale of the Property pursuant <br />to the Participation Agreement between the Agency and Mohler- <br />Vista is not less than the fair market value of the Property <br />in accordance with the covenants and conditions governing <br />the sale. <br /> <br /> 3. The sale of the Property by the Agency to <br />Mohler-Vista and the Participation Agreement which <br />establishes the terms and conditions for the sale and <br />development of the Property, are hereby approved. <br /> <br /> ADOPTED this 19th day of <br />1980, by the following vote: <br /> <br />February , <br /> <br />AYES: COUNCILMEN: <br />NOES: COUNCILMEN: <br /> <br />Bricken, Griset, Luxembourger, <br /> Serrato, Yamamoto <br />Markel <br /> <br /> ABSENT: <br /> ABSTAINED: <br />ATTEST: <br /> <br />COUNCILMEN: <br />COUNCILMEN: <br /> <br />APPROVED AS TO FORM: <br /> <br />KEITH L. GOW <br />City Attorney <br /> <br />None <br />Ward <br /> <br /> <br />