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REL:ar <br />2/3/84 <br /> <br />RESOLUTION NO. 84-18 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SANTA ANA MAKING cERTAIN FINDINGS WITH <br />.RESPECT TO THE CONSIDERATION TO BE RECEIVED <br />BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br /> CITY OF SANTA ANA PURSUANT TO A DISPOSITION <br />AND DEVELOPMENT AGREEMENT BETWEEN THE COMMUN- <br />ITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA <br /> ANAAND C. M. PLAZA FOR THE SALE OF CERTAIN <br />REAL PROPERTY IN THE SANTA ANA REDEVELOPMENT <br /> PROJECT AND APPROVING THE SALE OF SAID REAL <br /> PROPERTY UPON THE TERMS AND CONDITIONS <br /> CONTAINED IN THAT AGREEMENT <br /> <br /> WHEREAS, The Community Redevelopment Agency of the <br />City of Santa Ana is engaged in activities necessary to <br />execute and implement the Redevelopment Plan for the Santa <br />Ana Redevelopment Pro3ect; and <br /> <br /> WHEREAS, in order to implement the Redevelopment <br />Plan, the Agency has agreed, sub3ect to the approval of this <br />Council, to sell certain real property in the Project Area, <br />pursuant to the terms and provisions of that certain Dispo- <br />sition and Development Agreement between the Agency and C. <br />M. Plaza, which is on file in the office of the Executive <br />Director of the Agency, in which said real property (herei- <br />nafter referred to as the "Site") is described; and <br /> <br /> WHEREAS, the Agreement contains all the pro- <br />visions, terms, conditions and obligations required by state <br />and local laws; and <br /> <br /> WHEREAS, C. M. Plaza possesses the qualifications <br />and financial resources necessary to acquire and insure <br />development of the Site, in accordance with the purposes and <br />objectives of the Redevelopment Plan; and <br /> <br /> WHEREAS, the Agency has prepared, and the City <br />Council has reviewed and considered a Summary Report setting <br />forth the cost of the Agreement to the Agency, the estimated <br />value of the interests to be conveyed determined at the <br />highest uses permitted under the Redevelopment Plan and the <br />purchase price, and has made said Summary Report available <br />for public inspection in accordance with the California <br />Community Redevelopment Law; and <br /> <br /> <br />