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RESOLUTION NO. 87- 10 <br /> <br />REL:adg-14 <br />1/6/87 <br /> <br />051 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA APPROVING AN AMENDMENT <br />TO A "DISPOSITION AND DEVELOPMENT AGREEMENT" <br />BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA AND FIESTA <br />MARKETPLACE PARTNERS. <br /> <br /> WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana entered into a "Disposition and Development <br />Agreement" with Fiesta Marketplace Partners on August 20, 1985 <br />(the "Agreement"), which provides for the sale of property in the <br />"A-8" development site by the Agency to Fiesta Marketplace Partners. <br /> <br /> WHEREAS, this Council approved the Agreement on <br />August 20, 1985 by its Resolution No. 85-105; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br /> 1. That certain "Amendment to Disposition and Development <br />Agreement" between the Agency and Fiesta Marketplace Partners, <br />approved this date by the Agency, is hereby approved by this <br />Council. <br /> <br /> 2. This Council finds and determines that the considera- <br />tion for the sale of Participation Parcels P-2 and P-7 pursuant <br />to the Agreement as thus amended is not less than the fair market <br />value of said property in accordance with covenants and con- <br />ditions governing such sale, and that such consideration is less <br />than fair market value determined at the highest uses permitted <br />under the Santa Ana Redevelopment Plan, but such lesser consider- <br />ation is necessary to effectuate the purposes of the said Plan. <br /> <br />ADOPTED this 20th day of January , 1987. <br /> <br />ATTEST: <br /> <br />Clerk of the Council/ <br /> <br />COUNCILMEMBERS: <br /> <br />Daniel H. Yd~g I <br />Mayor ~ <br /> <br />Young Ave APPROVED AS TO FORM: <br />McGuigan Ave <br />Hart <br />May Ay~ <br />Acosta Aye <br />Pulido Ay~ <br />Griset _~ City Attorney <br /> <br /> <br />