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REL :k-5 <br />05/15/86 <br /> <br />RESOLUTION NO. 86-66 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA APPROVING AN AGREEMENT FOR SALE <br />OF REAL PROPERTY BETWEEN THE COMMUNITY RE- <br />DEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, <br />THE CITY, AND ALLAN AND SARA FAINBARG. <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA AS FOLLOWS: <br /> <br /> 1. That certain "Agreement for Sale of Real Property" <br />between the Community Redevelopment Agency of the City of <br />Santa Ana, the City of Santa Ana, and Allan Fainbarg and Sara <br />Fainbarg, as co-trustees of the Fainbarg Trust established <br />April 19, 1982, in the form presented to the City Council <br />this date, is hereby approved and the Mayor is authorized to <br />execute the same on behalf of the City. <br /> <br /> 2. The Mayor is further authorized to execute a grant <br />deed on behalf of the City for the conveyance by the City to <br />the Agency of the property described as the "City Property" <br />in the aforesaid agreement. <br /> <br /> 3. The City Council hereby finds and determines that <br />the consideration received by the Agency for the aforesaid <br />"City Property" is not less than the fair market value thereof, <br />in accordance with the covenants and conditions governing the <br />sale thereof. <br /> <br />ADOPTED this 15th day of July , 1986. <br /> <br />ATTEST: <br /> <br />Daniel E. Griset, Mayor <br /> <br />/~nice C. Guy / ~-7 <br />~lerk of the Council/ <br /> <br /> COUNCILMEMBERS: <br /> <br />APPRO D O FORM: <br /> ~EPdw~a~~e r <br /> City Attor~ <br /> <br />Acosta Aye <br />Griset Ave <br />Hart Aye <br />Johnson Aye <br />Luxembourger Aye <br />McGuigan Aye <br />Young Aye <br /> <br /> <br />