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RESOLUTION NO. 85-39 <br />PAGE TWO <br /> <br /> WHEREAS, the Agency has approved a Negative Declara- <br />tion, and this Council believes said Negative Declaration to <br />be adequate for its use in approving the terms and conditions <br />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 <br />conditions of the proposed sale and hereby finds and determines <br />that the sale and the redevelopment of the Site pursuant to the <br />Agreement for the Sale and Development of Real Property is in <br />the best interests of the City and the health, safety and wel- <br />fare of its residents, and is in accord with the public pur- <br />poses and provisions of the applicable state and local laws. <br /> <br /> 2. The City Council hereby finds and determines <br />that the consideration for the sale of the Site pursuant to <br />the said Agreement is not less than the fair market value of <br />the Site in accordance with covenants and conditions governing <br />such sale. <br /> <br /> 3. The sale of the Site by the Agency to Civic <br />Center Barrio Housing Corp. upon the terms and conditions <br />contained in the said Agreement is hereby approved. <br /> <br />ADOPTED this 19th day of February , 1985. <br /> <br />le ni%e C. Guy ~ ~ <br /> rk of the Cou c~ <br /> <br />COUNCILMEMBERS: <br /> <br />Daniel E. Griset <br />Mayor <br /> <br />Griset Aye <br />Acosta Aye <br />Hart Aye <br />Johnson Aye <br />Luxembourger A¥~ <br />McQuigan Aye <br />Young Aye <br /> <br />APPROVED AS TO FORM: <br />'~~e~Per <br /> <br /> <br />