01/07/1985 - Laserfiche WebLink

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. PUBLIC HEARING TO ADOPT RESOLUTION DIRECTING CONDEMNATION OF PROPERTY WITHIN THE FASHION SQUARE EXPANSION SITE (272Ø-276Ø N. MAIN STREET) Chairman Griset announced that this was the time and place for the public hearing on the issue of the public necessity to acquire by condemnation property known as Assessor Parcel ØØ2-21Ø-33, for rede- velopment purposes. . In response to the Chairman's request, Mr. Thomas E. Hammill, Real Estate Consultant, responded that the property is located at 272Ø-276Ø N. Main Street and contains 14.92 acres. The property consists of a shopping center with 22 tenancies. The property is owned by the Bruce Walkup and Betty Walkup Trust of 1981, by Bruce Walkup, Trustee. The property is improved with a 25,ØØØ square foot office building, a 26,27Ø square foot building used by the National Association of Senior Citizens and the Society for Seniors, both of which are non-profit corporations, a 7,381 square foot building containing small commercial distributors, a 38,634 square foot structure currently utilized for electronic product and furniture sales, and a 64,6Ø4 square foot building that is divided to accommodate 11 separate tenants. The parking area has approximately 3ØØ,ØØØ square feet of asphalt paving, striped for 585 cars. In addition, there is an excess parcel of ap- proximately 2.3 acres of unimproved land situated at the southwest corner of the property. Mr. Hammill further stated that the public interest and necessity require the property for the following reasons: 1. The Agency has entered into an Owner Participation Agreement with Santa Ana Venture, dated May 15,1984. The subject prop- erty is included in the Agreement with Santa Ana Venture for redevelopment. 2. The aforementioned Owner Participation Agreement provides for the redevelopment and expansion of the Fashion Square Shopping Center, and the subject property is required for such purpose. 3. The owners will receive just compensation for the taking of their property, and tenants will receive relocation benefits in accordance with law. . Mr. Hammill stated that the project is planned and located pursuant to hearings previously held by the Redevelopment Commission, the Planning Commission, the City Council and the Redevelopment Agency. The proj- ect will provide commercial uses for the area and will represent a redevelopment of the property; thereby, generating increased commer- cial and office spaces, hotel rooms, employment and additional tax base for the citizens of Santa Ana. Mr. Hammill further stated that an offer of just compensation has been made to the owners of the property in accordance with Section 7267.2 of the Government Code. The owner of the property previously brought 2