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REL: adg <br />7/2/85 <br /> <br />RESOLUTION NO. 85-89 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA MAKING CERTAIN FINDINGS WITH <br />RESPECT TO THE CONSIDERATION TO BE RECEIVED <br />BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA PURSUANT TO A DISPOSITION <br />AND DEVELOPMENT AGREEMENT BETWEEN THE COM- <br />MUNITY REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA AND URBAN VENTURES CORPORATION <br />fOR THE SALE OF CERTAIN REAL PROPERTY IN THE <br />SANTA ANA REDEVELOPMENT PROJECT AND APPROVING <br />THE SALE OF SAID REAL PROPERTY UPON THE TERMS <br />AND CONDITIONS CONTAINED IN THAT AGREEMENT <br /> <br /> WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana is engaged in activities necgssary to ex- <br />ecute and implement the Redevelopment Plan for the Santa Ana <br />Redevelopment Project; and <br /> <br /> WHEREAS, in order to implement the Redevelopment <br />Plan, the Agency has agreed, subject to the approval of this <br />Council, to sell certain real property in the Project Area, <br />pursuant to the terms and provisions of that certain Dis- <br />position and Development Agreement between,the Agency and <br />Urban Ventures Corporation, which is on file in the office <br />of the Executive Director of the Agency, in which said real <br />property (hereinafter referred to as the "Site) is described; <br />and <br /> <br /> WHEREAS, the Agreement contains all the provisions, <br />terms, conditions a~d obligations required by state and <br />local laws; and <br /> <br /> WHEREAS, Urban Ventures Corporation possesses the <br />qualifications and financial resources necessary to acquire <br />and insure development of the Site, in accordance with the <br />purposes and objectives of the Redevelopment Plan; and <br /> <br /> WHEREAS, the Agency has prepared, and the City <br />Council has reviewed and considered a Summary Report setting <br />forth the cost of the Agreement to the Agency, the estimated <br />value of the interests to be conveyed determined at the <br />highest uses permitted under the Redevelopment Plan and the <br />purchase price, and has made said Summary Report available <br />for public inspection in accordance with the California <br />Community Redevelopment Law; and <br /> <br /> <br />