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RESOLUTION NO. 2001-085 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF SANTA ANA <br />AND MAKING CERTAIN FINDINGS WITH RESPECT TO <br />THE CONSIDERATION TO BE RECEIVED BY THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA PURSUANT TO A DISPOSITION AND <br />DEVELOPMENT AGREEMENT BETWEEN THE <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA, AND SANTA ANA ARTIST VILLAGE, LLC <br />FOR THE SALE OF CERTAIN REAL PROPERTY IN THE <br />CENTRAL CITY REDEVELOPMENT PROJECT AND <br />APPROVING THE SALE OF SAID REAL PROPERTY UPON <br />THE TERMS AND CONDITIONS CONTAINED IN THAT <br />AGREEMENT <br /> <br />bk:l 1/13/01 <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS <br />FOLLOWS: <br /> <br /> Section 1: The City Council of the City of Santa Ana hereby finds, determines and <br />declares as follows: <br /> <br />The Community Redevelopment Agency of the City of Santa Ana <br />(hereinafter referred to as the "Agency") is engaged in activities necessary <br />to execute and implement the Redevelopment Plan for the Central City <br />Redevelopment Project. <br /> <br />B= <br /> <br />in order to implement the Redevelopment Plan, the Agency has agreed, <br />subject to the approval of this Council, to sell certain real property in the <br />Project Area, pursuant to the terms and provisions of that certain <br />Disposition and Development Agreement (hereinafter referred to as the <br />"Agreement") between the Agency and Santa Ana Artist Village, LLC, which <br />is on file in the off~ce of the Executive Director of the Agency, in which said <br />real property (hereinafter referred to as the "Site") is described. <br /> <br />The Agreement contains all of the provisions, terms, conditions and <br />obligations required by the state and local laws. <br /> <br />Santa Ana Artist Village, LLC possesses the qualifications and financial <br />resources necessary to acquire and insure development of the Site, in <br />accordance with the purpose and objectives of the Redevelopment Plan. <br /> <br />Resolution No. 2001-085 <br /> Page 1 of 3 <br /> <br /> <br />