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RESOLUTION NO. 85-12 6 <br /> <br />REL:adg-21 <br />10/16/85 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA MAKING CERTAIN FINDINGS <br />WITH RESPECT TO THE CONSIDERATION TO BE <br />RECEIVED BY THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA PURSUANT <br />TO AN AMENDED DISPOSITION AND DEVELOPMENT <br />AGREEMENT BETWEEN THE COMMUNITY REDEVEL- <br />OPMENT AGENCY OF THE CITY OF SANTA ANA <br />AND URBATEC FOR THE SALE OF CERTAIN REAL <br />PROPERTY IN THE SANTA ANA REDEVELOPMENT <br />PROJECT AND THE SANTA ANA INTER CITY <br />COMMUTER STATION REDEVELOPMENT PROJECT <br />AND APPROVING THE SALE OF SAID REAL <br />PROPERTY UPON THE TERMS AND CONDITIONS <br />CONTAINED IN THAT AMENDED AGREEMENT <br /> <br /> WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana is engaged in activities necessary to ex- <br />ecute and implement the Redevelopment Plan for the Santa Ana <br />Redevelopment Project and the Redevelopment Plan for the <br />Santa Ana Inter City Commuter Station Redevelopment Project; <br />and <br /> <br /> WHEREAS, in order to implement the Redevelopment <br />Plans, the Agency has agreed, subject to the approval of this <br />Council, to sell certain real property in the Project Areas, <br />pursuant to the terms and provisions of that certain Dis- <br />position and Development Agreement between the Agency and <br />Urbatec, as amended by that certain "Amendment to Disposition <br />and Development Agreement" (which Agreement as thus amended <br />is hereinafter referred to as the "Amended Agreement") and <br />which is on file in the office of the Executive Director of <br />the Agency, in which said real property (hereinafter referred <br />to as the "Site") is described; and <br /> <br /> WHEREAS, the Amended Agreement contains all the pro- <br />visions, terms, conditions and obligations required by state <br />and local laws; and <br /> <br /> WHEREAS, Urbatec possesses the qualifications and <br />financial resources necessary to acquire and insure development <br />of the Site, in accordance with the purposes and objectives of <br />the Redevelopment Plans; 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 Amended Agreement to the Agency, the <br /> <br /> <br />