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RESOLUTION NO. 83-29 <br />PAGE TWO <br />report to be adequate for its use in approving the terms and <br />conditions of sale of the Site; and <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 />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA, AS FOLLOWS: <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 redevelopment of the Site <br />pursuant to the Disposition and Development Agreement is in <br />the best interests of the City and the health, safety, <br />morals and welfare of its residents, and is in accord with <br />the public purposes and provisions of the applicable state <br />and local laws. <br />2. The City Council hereby finds and determines that <br />the consideration for the sale of the Site pursuant to the <br />Disposition and Development Agreement is less than the fair <br />market value of the Site determined at the highest use <br />permitted under the Redevelopment Plan, but that such lesser <br />consideration is necessary to effectuate the purposes of the <br />Redevelopment Plan. <br />3. The sale of the Site by the Agency to Birchpark <br />Associates upon the terms and conditions contained in the <br />Disposition and Development Agreement is hereby approved. <br />ATTEST: <br />ADOPTED this 15thday of March , 1983. <br />4:;; 5 <br />Gordon Bricken, Mayor <br />Janice C. Guy, Clerk of the Council <br />COUNCILMEMBERS: <br />Bricken <br />Absent <br />Luxembourger <br />Aye <br />Acosta <br />Aye <br />Serrato <br />Absent <br />Griset <br />Aye <br />Markel <br />Aye <br />McGuigan <br />Aye <br />Approved as to Form: <br />Edward it C o r, City Attorney <br />