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<br />. <br /> <br />. <br /> <br />. <br /> <br />3I9/O4les <br /> <br />RESOLUTION NO. 2004-019 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF SANTA ANA <br />MAKING CERTAIN FINDINGS WITH RESPECT TO THE <br />CONSIDERATION TO BE RECEIVED BY THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />PURSUANT TO A PURCHASE AND SALE AGREEMENT <br />BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA AND THE SANTA ANA HOUSING <br />AUTHORITY FOR THE SALE OF CERTAIN REAL PROPERTY <br />AND APPROVING THE SALE OF SAID REAL PROPERTY UPON <br />THE TERMS AND CONDITIONS CONTAINED IN THAT <br />AGREEMENT ' <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS <br />FOLLOWS: <br /> <br />SAction 1: The City Council of the City of Santa Ana hereby finds, determines and <br />declares as follows: <br /> <br />A. Pursuant to Sections 33334,2(a) and 33334,6(6) of the California Community <br />Redevelopment Law (Califomia Health and Safety Code Section 33000 at seq.) <br />not less than 20 percent of all taxes which are allocated to the Community <br />Redevelopment Agency of the City of Santa Ana ("Agency") are set aside by the <br />Agency in a Low- Moderate-Income Housing Fund and used by the Agency for <br />the purpose of increasing, improving and preserVing the community's supply of <br />low and moderate housing available at affordable housing costs to persons and <br />families of low- and moderate-income, including very-low-income persons <br />("Agency's Housing Set-Aside Fund"). <br /> <br />B. The Agency has purchased a number of properties over the years for the <br />development of such low and moderate income housing. <br /> <br />C. Califomia Community Redevelopment law (Health and Safety Code section <br />33334.16) currently restricts the length of time that an Agency can hold land for <br />future development to ten years. The Agency-owned property located at 807 E. <br />Santa Ana Boulevard (the "Property") shall soon exceed the legal time limit. <br /> <br />D. The Agency has agreed, subject to the approval of this Council, to sell the <br />Property, pursuant to the terms and provisions of that certain Purchase and Sale <br />Agreement (hereinafter referred to as the "Agreemenr') between the Agency and <br />the Santa Ana Housing Authority, which is on file in the office of the Executive <br /> <br />1 <br /> <br />75C..5 <br />