07/15/1986 - Laserfiche WebLink

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r . . . In response to a request from the Chairman for a motion, it was moved by Vice Chairperson Johnson, seconded by Agency Member Luxembourger and carried unanimously (7:0) that the Agency adopt Resolution No. 86-40: A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING AN AGREEMENT FOR SALE OF REAL PROPERTY BETWEEN THE AGENCY, THE CITY OF SANTA ANA, AND ALLAN AND SARA FAINBARG. JOINT PUBLIC HEARING REGARDING DEVELOPMENT AGREEMENTS McKEE, WILLIAM VAN DEN HURK AND SANTA ANA DATSUN, INC. WITH JOHN The Chairman announced that it was the time and place for the Joint Public Hearing of the Community Redevelopment Agency and the City Council of the City of Santa Ana for the proposed amendment to the Lease, Option and Development Agreement between the Community Redevelopment Agency of the City of Santa Ana and John McKee and the proposed Disposition and Development Agreements between the Community Redevelopment Agency and William Van Den Hurk and Santa Ana Datsun, Inc. He stated that the project is bounded on the north by Santa Fe Railroad, on the south by Edinger Avenue, on the east by the Costa Mesa Freeway, and on the west by Ritchey Street. He then asked that staff identify the property or issues and give the staff recommendation. The Acting Executive Director/Economic Development stated that agreements were being presented for the Agency's consideration: four 1) An amendment to the Agreement with John McKee (Subaru) which provides for the assignment by Thomas P. Lando1f, the original signator, of his interest to John McKee who is the actual dealer. The Parcel number and location have been revised from a 2.5 acre site (Parcel 3) to a 3.2 acre site (Parcel 6), which results in an increase in the purchase price for the site. Disposition and Development Agreement with William Van Den Hurk (Parcel 7) for the construction of a new Mazda facility. The terms of the agreement reflect an installment purchase with a downpayment of $200,000 and the remaining balance to be paid within 10 years at 10% interest. 2) 3) Disposition and Development Agreement with William Van Den Hurk (Parcel 3) for the construction of a new Suzuki dealership. The purchase price will be paid on an installment basis with a $200,000 downpayment and the remaining balance to be paid within 10 years at 10% interest. 4) Disposition and Development Agreement with Santa Ana Datsun which provides for a change in parcel location, which will result in an increased purchase price. The purchase terms include a $20,000 downpayment with quarterly installment payments until the balance is due at the opening of business or July 1, 1987, whichever is earliest. 3