Laserfiche WebLink
REL .' adg-5a <br />9/5/86 <br /> <br />RESOLUTION NO. 86- 92 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA APPROVING AN AMENDMENT TO A LEASE, <br />OPTION AND DEVELOPMENT AGREEMENT BETWEEN THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA AND J. R. WOOD (PARCELS 4 AND 5) <br /> <br /> WHEREAS, the Community Redevelopment Agency of the City of <br />Santa Ana entered into a Lease, Option and Development Agreement <br />with J.R. Wood on December 18, 1984 (the "Agreement"), which <br />provides for the lease and/or sale of Parcel 6 in the Santa <br />Ana Auto Mall by the Agency to J.R. Wood. <br /> <br /> WHEREAS, this Council approved the Agreement on December 18, <br />1984 by its Resolution No. 84-164; and <br /> <br /> WHEREAS, the Agency has this date approved an amendment <br />to the Agreement which changes the parcel which is the subject <br />of the Agreement from Parcel 6 to Parcels 4 and 5 and the <br />total rental amount and/or purchase price which the Agency <br />will receive pursuant to the Agreement; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA AS FOLLOWS: <br /> <br />ment <br />this <br /> <br />1. That certain "Amendment to Lease, Option and Develop- <br />Agreement" between the Agency and J.R. Wood, approved <br />date by the Agency, is hereby approved by this Council. <br /> <br /> 2. This Council finds and determines that the considera- <br />tion for the lease and/or sale of the aforesaid Parcels 4 and 5 <br />pursuant to the Agreement as thus amended is less than the <br />estimated value of said parcel, determined at the highest use <br />permitted under the Redevelopment Plan for the Santa Ana <br /> <br /> <br />