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<br />, <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 96- 5 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVE- <br />LOPMENT AGENCY OF THE CITY OF SANTA ANA <br />APPROVING A DISPOSITION AND DEVELOPMENT <br />AGREEMENT BETWEEN THE AGENCY AND MERCY <br />HOUSE <br /> <br />WHEREAS, the Community Redevelopment Agency of the City of <br />Santa Ana is engaged in acti vi ties necessary to carry out its <br />responsibilities to increase, improve and preserve the city of <br />Santa Ana's supply of low- and moderate-income housing; and <br /> <br />WHEREAS, in order to carry out such responsibilities, the <br />Agency proposes to convey certain real property in the Project Area <br />pursuant to the terms and provisions of that certain "Disposition <br />and Development Agreement" between the Agency and Mercy House, <br />which is on file in the office of the Executive Director of the <br />Agency, in which said real property (hereinafter referred to as the <br />"site") is more specifically described; and <br /> <br />WHEREAS, the Agency has prepared, reviewed and considered a <br />Summary Report setting forth the cost to the Agency, the estimated <br />value of the interests to be conveyed and other matters, and made <br />said Summary Report available for public inspection in accordance <br />with the California Community Redevelopment Law; and <br /> <br />WHEREAS, pursuant to the provisions of the California <br />Redevelopment Law, the Agency and the city Council have held a duly <br />noticed joint public hearing on the proposed conveyance of the site <br />pursuant to the Agreement; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br />1. The Agreement is hereby approved, and the Chairman of the <br />Agency is hereby authorized to execute the said Agreement and the <br />grant deed or deeds pertaining thereto. <br /> <br />2. The Executive Director is hereby authorized to take all <br />steps, and to sign all other documents and instruments necessary to <br />implement and carry out the Agreement on behalf of the Agency. <br /> <br />3. The approval of the Agreement by the Agency, as hereinabove <br />set forth, is conditional upon the approval of the conveyance of <br />the site upon the terms and conditions contained in the Agreement <br />by the City council of the city of Santa Ana. . <br /> <br />4. The negative declaration prepared for the development of <br />the site in accordance with the Agreement is hereby approved. <br /> <br />1 <br />