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<br />obligations required by the state and local laws. <br /> <br />D. Donald J. Crevier, as Trustee of The Donald Crevier Trust, Crevier <br />Motors, Inc, and Crevier Leasing Company, Inc., possess the qualifications <br />and financial resources necessary to acquire and insure development of the <br />Site, in accordance with the purpose and objectives of the Redevelopment <br />Plan. <br /> <br />E. In accordance with the California Environmental Quality Act, the <br />recommended action is exempt from further review. Categorical <br />Exemption Environmental Review No. 2003-111 a will be filed for this <br />project. <br /> <br />F. Pursuant to the provisions of the California Redevelopment Law, the <br />Agency and the City Council have held a duly noticed joint public hearing on <br />the proposed sale of the Site pursuant to the Agreement. <br /> <br />Section 2. The City Council has considered all terms and conditions of the <br />proposed sale and hereby finds and determines that the sale and the redevelopment of <br />the Site pursuant to the Agreement is the best interests of the City of Santa Ana and the <br />health, safety and welfare of its residents, and is in accord with the public purpose and <br />provisions of the applicable state and local laws. <br /> <br />Section 3. The City Council hereby finds and determines that the consideration <br />for the sale of the Site pursuant to the Disposition and Development Agreement is not <br />less than the fair reuse value of the Site determined in accordance with the covenants <br />and conditions governing the sale. <br /> <br />Section 4. The sale of the Site by the Agency to Donald J. Crevier, as Trustee <br />of The Donald Crevier Trust, Crevier Motors, Inc, and Crevier Leasing Company, Inc., <br />upon the terms and conditions contained in the Agreement is hereby approved. <br /> <br />Section 5. <br />this Resolution. <br /> <br />The Clerk of the Council shall attest to and certify the vote adopting <br /> <br />ADOPTED this <br /> <br />day of <br /> <br />,2004. <br /> <br />Miguel A. Pulido <br />Mayor <br /> <br />2 <br /> <br />75A-8 <br />