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. JOINT PUBLIC HEARING OF THE CITY COUNCIL & REDEVELOPMENT AGENCY REAL PROPERTY - INTOWN APARTMENTS COUNC¡L RESOLUTION 77-38 - ADOPiED COMMUNITY REDEVELOPMENT AGE~ RESOLUTIONS 77-3 & 77-4 ADOPTED Mayor and Community Redevelopment Agency Chairman Garthe announced that thi3.was the .ime and place for the public hearing by the City Council and the public hearing by the Community Redevelopment Agency on the proposed sale of real property to Santa Ana Intown Apartments, a limited partner- ship, pursuant to the proposed contract for sale. of land for private redevelopment; that notice of this hearing had been published in accordance with legal requirements, . Community Redevelopment Director Richard Goblirsch introduced his assistant, Susan Shick, who described the proposed sale, Mrs, Shick stated that construction of 199 units subsidized under Sec- tion 8 p~ the Federal Housing and Community Development Act of 1974 will constitute Phase I, Senior Citizen Housing; that Phase II consists of 316 units of market rate housing (17 I-bedroom, 25 2-bedroom and 16 3-bedroom units); that a portion of Phase II will be subsidized by Section 8 Programs, or programs available to the City, and will be available to low-income families and indivi- duals; that the City has received a good faith deposit from the redeveloper, Santa Ana Intown Apartments, in the amount of $51,762.50 pursuant to the terms of the contract of sale; that the total sale price is $1,360,500, the fair market value of the site as determined by independent appraisal (Donahue & Company, Inc.); that the Phase I portion of the site will be conveyed to the redeveloper on July 1,1977; that the construction of the Phase II units will be completed within approximately a three year period. """ Those speaking for the project were: Mark Maltzman, President, Shapell Government Housing, a general partner in Santa Ana Intown Apartments, 8383 Wilshire Boulevard, Beverly Hills; John Cotton, Architect; Alan D, Ross, Counsel for the Developer, There being no further speakers, Mayor Garthe closed the public hearing, On the unanimously carried 6:0 motion of Councilman Bricken, seconded by Councilman Brandt, all verbal comments were received and filed. . The following City Council resolution was adopted by a unanimous 6:0 vote, on the motion of Councilman Brandt, seconded by Councilman Bricken: RESOLUTION NO. 77-38 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING THE CONTRACT FOR THE SALE OF LAND FOR PRIVATE REDEVELOPMENT BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AND THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA AND SANTA ANA INTOWN APARTMENTS, A LIMITED PARTNERSHIP, FINDING THAT THE SALES PRICE OF $1,368,500 IS NOT LESS THAN ITS FAIR MARKET VALUE. ..... On the unanimously carried 6:0 motion of Mr. Brandt, seconded by Mr. Bricken, the following Community Redevelopment Agency Resolution was adopted: . RESOLUTION NO, 77-3 - A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ADOPTING AND CERTIFYING THE HOUSING REPLACEMENT PLAN PREPARED PURSUANT TO THE CALIFORNIA HEALTH AND SAFETY CODE SECTIONS 33413 AND 33413.5. CITY COUNCIL MINUTES 104 MARCH 29, 1977 ~ '. - . .