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397 ~,..'mD ( 18 ) 8/2/88 RESOLUTION 88-~ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA MAKING CERTAIN FINDINGS WITH RE- SPECT TO THE CONSIDERATION TO BE RECEIVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA PURSUANT TO A DISPOSITION AND DE- VELOPMENT AGREEMENT BETWEEN THE COMMUNITY RE- DEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AND ADRIEN AND BARBARA HOUGHTON, FOR THE SALE AND REHABILITATION OF CERTAIN REAL PROPERTY LOCATED AT 817 N. LACY STREET, SANTA ANA, AND APPROVING THE SALE OF SAID REAL PROPERTY UPON THE TERMS AND CONDITIONS CONTAINED IN THAT AGREEMENT. WHEREAS, the Community Redevelopment Agency of the City of Santa Ana is engaged in redevelopment activities which are in the interest of the health, safety and general welfare of the residents of Santa Ana; and WHEREAS, in order to facilitate redevelopment activi- ties, the Agency has agreed, subject to the approval of this Council, to sell certain real property pursuant to the terms and provisions of that certain Disposition and Development Agreement between the Agency and Adrien and Barbara Houghton, which is on file in the office of the Executive Director of the Agency, in which said real property (hereinafter referred to as the "Site" is described; and WHEREAS, the Agreement contains all the provisions, terms, conditions, and obligations required by state and local laws; and WHEREAS, Adrien and Barbara Houghton possess the quali- fications and financial resources necessary to acquire and in- sure development of the site and rehabilitation of the structure; and WHEREAS, the Agency has prepared, and the City Council has reviewed and considered a Summary Report setting forth the cost of the Agreement to the Agency, the estimated value of the interests to be conveyed determined at the highest uses and the purchase price, and has made said Summary Report available for public inspection in accordance with the California Redevelop- ment Law; and WHEREAS, a Negative Declaration has been filed with the City of Santa Ana City Clerk for the development of the site; and WHEREAS, pursuant to the provisions of the California Redevelopment Law, the Agency and the City Council have held a duly noticed joint public hearing on the proposed sale of the site and the proposed Agreement;