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RESOLUTION NO. 82-117 PAGE TWO Redevelopment Project is adequate for approval of the Disposition and Development Agreement, and that no additional environmental impact report is necessary, and this Council likewise believes said environmental impact report to be adequate for its use in approving the terms and conditions of sale of the Site; and WHEREAS, pursuant to the provisions of the California Redevelopment Law, the Agency and the City Council have held a duly noticed joint public hearing on proposed sale of the Site and the proposed Agreement. the NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS FOLLOWS: 1. The City Council has considered all terms and conditions of the proposed sale and hereby finds and determines that the sale of the redevelopment of the Site pursuant to the Disposition and Development Agreement is in the best interests of the City and the health, safety, morals and welfare of its residents, and is in accord with the public purposes and provisions of the applicable state and local laws. 2. The City Council hereby finds and determines that the consideration for the sale of the Site pursuant to the Disposition and Development Agreement is less than the fair market value of the Site determined at the highest use permitted under the Redevelopment Plan, but that such lesser consideration is necessary to effectuate the purposes of the Redevelopment Plan. 3. The sale of the Site by the Agency to Mark P. Robin- son and Mark P. Robinson, Jr. upon the terms and conditions contained in the Disposition and Development Agreement is hereby approved. ADOPTED this __day of , 1982. ATTEST: Gordon Bricken, Mayor Janice C. Guy, Clerk of the Council COUNCILMEMBERS: Bricken Luxembourger Acosta Serrato Griset Markel McGuigan APPROVED AS TO FORM: City Attorney