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113 <br /> <br />REL:adg-5a <br />1/26/87 <br /> <br />RESOLUTION NO. 87-18 <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 TO <br />A DISPOSITION AND DEVELOPMENT AGREEMENT <br />BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA AND WAXIE <br />ENTERPRISES~ I~C. FOR THE SALE OF <br />CERTAIN REAL PROPERTY IN THE SOUTH HARBOR <br />BOULEVARD 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 necessary to ex- <br />ecute and implement the Redevelopment Plan for the Santa Ana <br />South 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 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 />Waxie Enterprises~ Inc., 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, <br />terms, conditions <br />local laws; and <br /> <br />the Agreement contains all the provisions, <br />and obligations required by state and <br /> <br /> WHEREAS, Waxie Enterprises~ Inc. 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 Council <br />has reviewed and considered a Summary Report setting forth the <br />cost of the Agreement to the Agency, the estimated value of the <br />interests to be conveyed determined at the highest uses permitted <br />under the Redevelopment Plan and the purchase price, and has <br />made said Summary Report available for public inspection in <br />accordance with the California Community Redevelopment Law; and <br /> <br /> <br />