2002-088 - Making Certain Findings with Respect to the Consideration

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necessary to acquire and insure development of the Site as a single-family home to be sold to a qualified very-low income family in accordance with the purpose and objectives of the Redevelopment Plan. The Agency has approved a categorical exemption prepared for the project as adequate for approval of the Agreement. As a "responsible agency," the City agrees that this environmental document appropriately analyzes the project and complies with the California Environmental Quality Act. Categorical Exemption ER No. 2002-296 will be filed for this project. 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 as a small housing project in compliance with Health and Safety Code section 33433 (c)(1), pursuant to the Agreement. Section 2. The City Council has considered all terms and conditions of the proposed conveyance to the Agency and sale to Habitat and hereby finds and determines that the conveyance, sale and development of the Site pursuant to the Agreement is in the best interest of the City of Santa Ana and the health, safety and welfare of its residents, and is in accord with the public purpose and provisions of the applicable state and local laws. Section 3. The City Council hereby finds and determines that the consideration for the sale of the Site pursuant to the Affordable Housing Partnership Agreement is not less than the fair reuse value of the Site determined in accordance with the covenants and conditions governing the sale. Section 4. The sale of the Site by the Agency to Habitat for Humanity upon the terms and conditions contained in the Agreement is hereby approved. Section 5. this Resolution. The Clerk of the Council shall attest to and certify the vote adopting ADOPTED this 21st day of October, 2002. Resolution No. 2002-088 Page 2 of 3