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RESOLUTION NO. 84- <br />PAGE TWO <br /> <br /> WHEREAS, the Agency has found and determined that <br />the environmental impact report Prepared for the Santa Ana <br />Redevelopment Project is adequate for approval of the Dispo- <br />sition and Development Agreement, and that no additional <br />environmental impact report is necessary, and this Council <br />likewise believes said environmental impact report to be <br />adequate for its use in approving the terms and conditions <br />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 deter- <br />mines that the sale and the redevelopment of the Site pur- <br />suant to the Disposition and Development Agreement is in the <br />best interests of the city and the health, safety and wel- <br />fare of its residents, and is in accord with the public <br />purposes and provisions of the applicable state and local <br />laws. <br /> <br /> 2. The City Council hereby finds and determines <br />that the consideration for the sale of the Site pursuant to <br />the Disposition and Development Agreement is not less than <br />the fair market value of the Site in accordance with covenants <br />and conditions governing such sale. <br /> <br /> 3. The sale of the Site by the Agency to Urbatec <br />upon the terms and conditions contained in the Disposition <br />and Development Agreement is hereby approved. <br /> <br />ATTEST: <br /> <br />A~OPTED this 25th day of <br /> <br />COUNCILMEMBERS: <br /> <br />LUXEMBOURGER Nay <br />GRISET Aye <br />ACOSTA ~ <br />BRICKEN Aye <br />JOHNSON Aye <br />MCGUIGAN Nay <br />YOUNG ~ <br /> <br />June , 1984. <br /> <br /> OURGER, ~(JR <br /> <br />APPROVED AS TO FORM: <br />CITY ATTORNEY <br /> <br /> <br />