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DDA with Donald J. Crevier, as Trustee of the Donald J. Crevier Trust, Crevier Motors, Inc., A California Corporation, and Crevier Leasing Company, Inc., a California Corporation - Crevier BMW Dealership July 6, 2004 Page 4 of the first parcel by the Agency; the new showroom and office area will be constructed as part of Phase II on the second parcel to be conveyed; and the new sales, service, parts and office addition to the existing BMW building will be built in Phase III on Crevier's existing property. The phasing will allow the dealership to continue its operations without major disruption to sales and service. The law requires a public hearing for the purpose of considering the proposed sale of the property. On June 23 and June 28, 2004, notification was published in the Orange County Reporter that a summary report and other documents relating to the sale were available for public inspection beginning June 23, 2004, and that persons wishing to comment on this matter may appear at the public hearing or submit written comments in advance. CEQA COMPLIANCE In accordance with the California Environmental Quality Act, the recommended action is exempt from further review. Categorical Exemption Environmental Review No. 2003-111a will be filed for this project. FJ:SCAL J:MPACT The funds from the sale of the property in the amount of $3,691,940 will be credited to the South Main Tax Allocation Bonds account (account no. 552-01-5721) and the South Main Operations account (account no. 550-01- 5721) . APPROVED AS TO FUNDS AND ACCOUNTS: J!~ P. Reekstin Executive Director Community Development Agency ¡..! R. oloma ~ V"" Execut 'Ne Director Finance & Management Services Agency JPR/VU/SG/mlr Actions\2004CC\JT CC-CRA - crevierDDA 7-6-04 75A-4