Laserfiche WebLink
REL: adg-9 <br />12/4/85 <br /> <br />RESOLUTION NO. 85-167 <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 AN OWNER PAR- <br /> T~CIPATION AGREEMENT BETWEEN THE COMMUNITY <br /> REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br /> AND ~RIVERVIEW COMMUNITY PARTNERSHIP FOR THE <br /> SALE'OF CERTAIN REAL PROPERTY IN THE SANTA ANA <br /> REDEV~0PMENT PROJECT AND APPROVING THE SALE OF <br /> SAID REAL PROPERTY UPON THE TERMS AND CONDITIONS <br /> CONTAINED",IN THAT 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 />North Harbor Boulevard 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 pro~grty in the Project Area, <br />pursuant to the terms and provisiorks of that certain Owner <br />Participation Agreement between the Agency and Riverview <br />Community Partnership, which is on f~le in the office of the <br />Executive Director of the Agency, in Which said real property <br />(hereinafter referred to as the "Site")is described; and <br /> <br /> WHEREAS, the Agreement contains all the provisions, <br />terms, conditions and obligations required by state and <br />local laws; and <br /> <br /> WHEREAS, Riverview Community Partnership possesses <br />the 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 Amended Agreement to the Agency, t. he <br />estimated value of the interests to be conveyed determined at <br />the highest uses permitted under the Redevelopment Plan an~ the <br />purchase price, and has made said Summary Report available ~pr <br />public inspection in accordance with the California Community <br />Redevelopment Law; and <br /> <br /> <br />