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. RESOLUTION NO 1999-09 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE AGENCY AND ADOLF A. OHMANN. WHEREAS, the Community Redevelopment Agency of the City of Santa Ana (the" Agency") is engaged in activities necessary to execute and implement the Redevelopment Plan for the South Main Redevelopment Project Area (the "Redevelopment Plan"); and, WHEREAS, in furtherance of the Redevelopment Plan the Agency proposes to convey said certain property in the Project Area pursuant to the tenns and provisions of that certain "Disposition and Development Agreement" (the "Agreement") between the Agency and Adolf A. Ohmann (the "Developer") which is on file in the office of the Executive Director of the Agency, in which said real property (the "Site") is described; and, WHEREAS, the Developer has submitted to the Agency a written offer to purchase the Site in the fonn of the Agreement; and, . WHEREAS, the Agreement contains all of the provisions, tenns, conditions and obligations required by state and local law; and, WHEREAS, the Developer represents that he possesses the qualifications and financial resources necessary to acquire and insure development of the Site, in accordance with the purposes and objectives of the Redevelopment Plan; and, WHEREAS, the Agency has prepared and made available for public inspection and copying in accordance with the California Community Redevelopment Law (Health & Safety Code §§ 33000, et seq.), a Summary Report setting forth the following: the cost of the Agreement to the Agency; the estimated fair market value of the Site at the highest and best uses pennitted under the Redevelopment Plan; the estimated fair reuse value of the Site at the use and with the covenants and conditions and development costs áuthorized by the Agreement, and the purchase price; 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 pursuant to the Agreement; and, . WHEREAS, the Agency has reviewed and considered the Negative Declaration 99- 068 prepared by the City of Santa Ana for the of the proposed Agreement and the development of the Site.