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RESOLUTION NO. 82- 118 <br />PAGE TWO <br /> <br />report is necessary, and this Council likewise believes said <br />environmental impact report to be adequate for its use in <br />approving the terms and conditions of sale of the Site; and <br /> <br /> WHEREAS, pursuant to the provisions of the <br />California Redevelopment Law, the Agency and the City <br />Council have held a duly noticed joint public hearing on the <br />proposed sale of the Site and the proposed Agreement; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE 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 sale of the Site pursuant to the <br />Agreement is in the best interests of the City and the <br />health, safety, morals and welfare of its residents, and is <br />in accord with the public purposes and provisions of the <br />applicable state and local laws. <br /> <br /> 2. The City Council hereby finds and determines that <br />the consideration for the sale of the Site pursuant to the <br />Agreement is not less than the fair market value of the Site <br />in accordance with covenants and conditions governing such <br />sale. <br /> <br /> 3. The sale of the Site by the Agency to the Orange <br />County Transit District upon the terms and conditions <br />contained in the Agreement is hereby approved. <br /> <br />ADOPTED this ~Tthday of Auqust <br /> <br />, 1982. <br /> <br />ATTEST: <br /> <br />Gordon , Mayor <br /> <br /> y, Clerk of the Council <br />COUNC ILMEMBERS: <br /> <br />Bricken Absent <br />Luxembourger Aye <br />Acosta Aye <br />Serrato Aye <br />Griset Aye <br />Markel Absent <br />McGuigan Aye <br /> <br />Approved Ds to Form: <br />~~ity Attorney <br /> <br /> <br />