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REL: adg <br />12/13/84 <br /> <br />RESOLUTION NO. 84- 167 <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 (PARCEL 9) BETWEEN <br />THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA AND COMMONWEALTH VOLKSWAGEN <br />CORPORATION FOR THE LEASE AND/OR SALE OF CERTAIN <br />REAL PROPERTY IN THE SANTA ANA REDEVELOPMENT <br />PROJECT AND APPROVING THE LEASE AND/OR SALE <br />OF SAID REAL PROPERTY UPON THE TERMS AND <br />CONDITIONS CONTAINED IN THAT 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 (Parcel 9) <br />between the Agency and Commonwealth Volkswagen Corporation, <br />which is on file in the office of the Executive Director of <br />the Agency, in which said real property (hereinafter referred <br />to as the "Site") is described; and <br /> <br /> WHEREAS, <br />terms, conditions <br />local laws; and <br /> <br />the Agreement contains all the provisions, <br />and obligations required by state and <br /> <br /> WHEREAS, Commonwealth Volkswagen Corporation possesses <br />the qualifications and financial resources necessary to acquire <br />and insure development of the Site, in accordance with the purposes an( <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 /> <br /> <br />