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, . I , I. 8 RESOLUTION NO. 88-06 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING AN AGREEMENT BETWEEN THE AGENCY AND HISTORIC FRENCH PARK ASSOCIATION, INC. WHEREAS, the Community Redevelopment Agency of the City of Santa Ana proposes to sell certain real property pursuant to the terms and provision of that certain "Disposition and Development Agreement" between the Agency and Historic French Park Association, Inc., which is on file in the office of the Executive Director of the Agency, in which said real prop~rty (hereinafter referred to as the "Site") is described; and WHEREAS, Historic French Park Association, Inc. has submitted to the Agency a written offer in the form of said Agreement to purchase the site; and WHEREAS, the Agency has prepared, reviewed and considered a Summary Report setting forth the cost of the Agreement to the Agency, the estimated value of the interests to be conveyed, and the purchase price, and made said Summary Report available for public inspection in accordance with the California Community Redevelopment Law; and WHEREAS, pursuant to the provisions of the California Redevelopment Law, the Agency and the City Council have held a duly noticed joint public hearing on the proposed sale of the site and the proposed agreement; NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: 1. The Agency has considered all the terms and conditions of the proposed sale and hereby finds and determines that the redevelopment of the Property pursuant to the said Agreement is in the best interest of the City and the health, safety and welfare of its residents, and is in accord with the public purposes and provisions of the applicable state and local laws. 2. The said Agreement is hereby approved, and the Chairman of the Agency is hereby authorized to execute the said Agreement and the Grant Deed pertaining thereto. 3. The Executive Director is hereby authorized to take all steps, and to sign all documents and instruments necessary to implement and carry out the said Agreement on behalf of the Agency. 4. The approval of the said Agreement by the Agency, as hereinabove set forth, is conditional upon the approval of the sale of the site upon the terms and conditions contained therein by the City Council of the City of Santa Ana.