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RESOLUTION NO. 86-107 <br />PAGE TWO <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 Kirk S. Evans, <br />Inc. upon the terms and conditions contained in the Disposition <br />and Development Agreement is hereby approved. <br /> <br />ADOPTED this 18th day of November , 1986. <br /> <br />ATTEST: <br /> <br />COUNCILMEMBERS: <br /> <br />Griset Aye <br />Acosta Aye <br />Hart Absent <br />Johnson <br />Luxembourger <br />McQuigan Ay~ <br />Young Aye <br /> <br />Daniel E. Griset <br />Mayor <br /> <br />APPROVED AS TO FORM: <br /> <br />E-dwarf/{. Co~per <br />City At t~a~ y <br /> <br /> <br />