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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 2001- 08 <br /> <br />A RESOLUTION OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA APPROVING A DISPOSITION AND <br />DEVELOPMENT AGREEMENT BETWEEN THE <br />AGENCY AND SANTA ANA ARTIST VILLAGE, LLC <br /> <br />BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA, AS FOLLOWS: <br /> <br />Section 1: The Board of the Community Redevelopment Agency of the City of <br />Santa Ana hereby finds, determines and declares as follows: <br /> <br />A. The Community Redevelopment Agency of the City of Santa Ana <br />(hereinafter referred to as the "Agency") is engaged in activities necessary <br />to execute and implement the Redevelopment Plan for the Central City <br />Redevelopment Project Area (the Redevelopment Plan"). <br /> <br />B. In order to implement the Redevelopment Plan, the Agency has <br />agreed, subject to the approval of the City Council, to sell certain real <br />property in the Project Area, pursuant to the terms and provisions of a <br />Disposition and Development Agreement (hereinafter referred to as the <br />"Agreement") between the Agency and Santa Ana Artist Village, LLC, which <br />is on file in the office of the Executive Director of the Agency, in which said <br />real property (hereinafterreferred to as the "Site") is described. <br /> <br />C. The Agreement contains all of the provisions, terms, conditions and <br />obligations required by the state and local laws. Because the Sycamore <br />Street site for the project was listed as exempt when the Agency adopted <br />its prevailing wage policy, the project is not covered by the Agency's. <br />prevailing wage rule. <br /> <br />D. Santa Ana Artist Village, LLC possesses the qualifications and <br />financial resources necessary to acquire and insure development of the <br />Site, in accordance with the purpose and objectives of the Redevelopment <br />Plan. <br /> <br />1 <br />