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REL :adg <br />12/13/84 <br /> <br />RESOLUTION NO. 84-162 <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 LEASE, OPTION <br />AND DEVELOPMENT AGREEMENT (PARCELS 1 AND 2) <br />BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA AND JOHN R. WARD AND <br />M. V. DUFFY JAMES FOR THE LEASE AND/OR SALE OF <br />CERTAIN REAL PROPERTY IN THE SANTA ANA <br />REDEVELOPMENT PROJECT AND APPROVING THE <br />LEASE AND/OR SALE OF SAID REAL PROPERTY UPON <br />THE TERMS AND CONDITIONS CONTAINED IN THAT <br />AGREEMENT <br /> <br /> WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana is engaged in activities necessary to ex- <br />ecute and implement the Redevelopment Plan for the Santa Ana <br />South Main Street Redevelopment Project; and <br /> <br /> WHEREAS, in order to implement the Redevelopment <br />Plan, the Agency has agreed, subject to the approval of this <br />Council, to lease and/or sell certain real property in the <br />Project Area, pursuant to the terms and provisions of that <br />certain Lease, Option and Development Agreement (Parcels 1 <br />and 2) between the Agency and John R. Ward and M.V. Duffy <br />James, which is on file in the office of the Executive <br />Director of the Agency, in which said real property (herein- <br />after referred to as the "Site") is described; and <br /> <br /> WHEREAS, the Agreement contains all the provisions, <br />terms, conditions and obligations required by state and <br />local laws; and <br /> <br /> WHEREAS, John R. Ward and M.V~ Duffy James possess <br />the qualifications and financial resources necessary to <br />acquire and insure development of the Site, in accordance <br />with the purposes and objectives of the Redevelopment Plan; <br />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 /> <br /> <br />