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298 <br /> <br />RESOLUTION NO. 90~019 <br />PAGE TWO <br /> <br />duly noticed joint public hearing on the proposed sale of the <br />Site pursuant to the Agreement; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br /> 1. The City Council has considered all terms and con- <br />ditions of the proposed sale and hereby finds and determines <br />that the sale and the redevelopment of the Site pursuant to the <br />Agreement is the best interests of the City of Santa Ana and <br />the health, safety and welfare of its residents, and is in <br />accord with the public purposes and provisions of the applicable <br />state and local laws. <br /> <br /> 2. The City Council hereby finds and determines that the <br />consideration for the sale of the Site pursuant to the Disposi- <br />tion and Development Agreement is not less than the fair market <br />value of the Site determined in accordance with the covenants <br />and conditions governing the sale. <br /> <br /> 3. The sale of the Site by the Agency to Campbell <br />Automotive Group, Inc. upon the terms and conditions contained <br />in the Agreement is hereby approved. <br /> <br />ADOPTED this 20th day of February , 1990. <br /> <br />ATTE ST: <br /> <br />Clerk. of the ¢ounc~q: · <br /> <br />COUNCILMEMBERS: <br /> <br />Young A.ye <br />Acosta A.ye <br />Griset A.ye <br />May Aye <br />McGuigan A~ <br />Norton <br />Pulido Aye <br /> <br />APPROVED AS TO FORM: <br /> <br />City Attorney <br /> <br /> <br />