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<br />8- <br /> <br />I <br /> <br />I <br /> <br />.. <br /> <br />REL:adg-2l <br />10/16/85 <br /> <br />RESOLUTION NO. 85- 43 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA APPROVING <br />AN AMENDMENT TO AN AGREEMENT BETWEEN THE <br />AGENCY AND URBATEC <br /> <br />WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana is engaged in activities necessary to ex- <br />ecute and implement the Redevelopment Plan for the Santa Ana <br />Redevelopment Project and the Redevelopment Plan for the <br />Santa Ana Inter City Commuter Station project¡ and <br /> <br />WHEREAS, in order to implement the Redevelopment <br />Plan, the Agency and Urbatec, on July 9,1984, entered into <br />that certain "Disposition and Development Agreement" (the <br />"Agreement"), which is on file in the office of the Executive <br />Director of the Agency, <br /> <br />WHEREAS, the Agency and Urbatec do now desire to <br />amend the abovesaid Agreement in certain particulars which are <br />set forth in that certain "Amendment to Disposition and Develop- <br />ment Agreement" between the Agency and Urbatec, (the "Amendment"), <br />which is on file in the office of the Executive Director of the <br />Agency, the Agreement and the Amendment together being herein- <br />after refered to as the "Amended Agreement." <br /> <br />WHEREAS, pursuant to the terms and provisions of the <br />Amended Agreement, the Agency proposes to sell certain real <br />property in the Project Areas (hereinafter referred to as the <br />"Site") to Urbatec, said Site being specifically described in <br />the Amended Agreement¡ and <br /> <br />WHEREAS, the proposed Amended Agreement contains all <br />the provisions, terms conditions and obligations required by <br />state and local law¡ and <br /> <br />WHEREAS, Urbatec possesses the qualifications and <br />financial resources necessary to acquire and insure development <br />of the Site, in accordance with the purposes and objectives of <br />the Redevelopment Plans¡ and <br /> <br />WHEREAS, the Agency has prepared, reviewed and con- <br />sidered a Summary Report setting forth the cost of the Amended <br />Agreement to the Agency, the estimated value of the interests <br />to be conveyed determined at the highest uses permitted under <br />the Redevelopment Plans, and the purchase price, and <br />made said Summary Report available for public inspection in <br />accordance with the California Community Redevelopment Law¡ <br />and <br />