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<br />DDA with Donald J. Crevier, as Trustee of the <br />Donald J. Crevier Trust, Crevier Motors, Inc., <br />A California Corporation, and Crevier Leasing <br />Company, Inc., a California Corporation - <br />Crevier BMW Dealership <br />July 6, 2004 <br />Page 2 <br /> <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSJ:ON RECOMMENDATION <br /> <br />1. <br /> <br />Recommend that the City Council adopt a resolution making certain <br />findings with respect to the consideration to be received by the <br />Community Redevelopment Agency pursuant to a Disposition and <br />Development Agreement between the Community Redevelopment Agency and <br />Donald J. Crevier, as Trustee of the Donald J. Crevier Trust, <br />Crevier Motors, Inc., a California corporation, and Crevier Leasing <br />Company, Inc., a California corporation, for the sale of certain <br />real property in the South Main Street Redevelopment Project Area <br />and approving the sale of said real property upon the terms and <br />conditions contained in that Agreement. <br /> <br />2. <br /> <br />Recommend that the Community Redevelopment Agency adopt a resolution <br />approving a Disposition and Development Agreement with Donald J. <br />Crevier, as Trustee of the Donald J. Crevier Trust, Crevier Motors, <br />Inc., a California corporation, and Crevier Leasing Company, Inc., a <br />California corporation (Developer). <br /> <br />By a vote of 7:0 at its Regular Meeting of June 15, 2004. <br /> <br />DJ:SCUSSION <br /> <br />The Community Redevelopment Agency has embarked on a business retention <br />and expansion effort for the Santa Ana Auto Mall. There are currently <br />nine new car dealers in the mall generating over $3.7 million in annual <br />sales tax revenue for the City's General Fund. Given industry trends <br />over the past several years favoring new car dealer consolidations, it <br />has become necessary to provide larger lots to accommodate increased car <br />inventories for dealerships. In May 2003, the Agency issued tax <br />allocation bonds for land acquisition, relocation and site preparation <br />costs for future redevelopment purposes. To date, the Agency has <br />acquired properties from the Wyne-Snow Industrial Park Partnership and <br />AP-Edinger LLC totaling 4.23 acres along the Edinger Avenue frontage <br />(1941-2009 E. Edinger Avenue), land that is now proposed to be used to <br />facilitate dealership expansion. <br /> <br />75A-2 <br />