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378 <br /> <br />RESOLUTION NO. <br />PAGE TWO <br /> <br />90-028 <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 />Disposition and Development Agreement is the best interests of <br />the City and the health, safety and welfare of its residents, <br />and is in accord with the public purposes and provisions of the <br />applicable 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 of the Site. <br /> <br /> 3. The sale of the Site by the Agency to Hutton Develop- <br />ment Co., Inc., upon the terms and conditions contained in the <br />Disposition and Development Agreement is hereby approved. <br /> <br />ADOPTED this 20th day of March , 1990. <br /> <br /> ATTEST: <br /> <br />~nice C. Guy z g// <br />Clerk of the Counc~iI <br /> <br />Daniel H. Youn~l / <br />Mayor <br /> <br />COUNCILMEMBERS: <br /> <br />Young Absent <br />Ac os t a A,¥e <br />Griset Aye <br />May Absent <br />McGuigan <br />Norton Aye <br />Pulido <br /> <br />APPROVED AS TO FORM: <br /> <br />~pe r <br /> <br />City Attorney <br /> <br /> <br />