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RESOLUTION NO. 86-~ <br />PAGE TWO <br /> <br /> WHEREAS, the Agency has found and determined that <br />the Environmental Impact Report prepared for the Santa Ana <br />North Harbor Boulevard Redevelopment Project is adequate for <br />approval of the Disposition and Development Agreement and <br />that no additional Environmental Impact Report is necessary, <br />and this Council likewise believes said Environmental Impact <br />Report to be adequate for its use in approving the terms and <br />conditions of sale of the Site; and <br /> <br /> WHEREAS, pursuant to the provisions of the California <br />Redevelopment Law, the Agency and the City Council have held a <br />duly noticed joint public hearing on the proposed sale of the <br />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 con- <br />ditions of the proposed sale and hereby finds and determines <br />that the sale and the redevelopment of the Site pursuant to <br />the Disposition and Development Agreement is the best interests <br />of the City and the health, safety and welfare of its residents, <br />and is in accord with the public purposes and provisions of <br />the applicable state and local laws. <br /> <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 not less than the fair <br />market value of~the Site in accordance with covenants and <br />conditions governing such sale. <br /> <br /> 3. The sale of the Site by the Agency to Schurgin <br />Development Corporation upon the terms and conditions contained <br />in the Disposition and Development Agreement is hereby approved. <br /> <br /> ADOPTED this 17th day of J~ne <br />ATTEST: <br /> <br />~a~ice C. Guy /~ ('~/ <br />Clerk of the Codnci~ <br /> <br />COUNCI LMEMBE RS: <br /> <br />Griset Absent <br />Acosta ' <br />Hart A~-~sent <br />Johnson Aye <br />Luxembourger Aye <br />McQuigan Aye <br />Young Aye <br /> <br />, 1986. <br /> <br />Daniel E. Griset, Mayor <br /> <br />APPROVED AS TO FORM: <br />~~per <br /> <br /> <br />