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L EJC:SC lO/2/79 RESOLUTION NO. 79-53 . A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA MAKING CERTAIN FINDINGS WITH RESPECT TO THE CON- SIDERATION TO BE RECEIVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA PURSUANT TO A PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AND WARREN K, VAN INGEN AND PETE VAN RUITEN AND MARY VAN RUITEN FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA REDEVELOPMENT PROJ- ECT; APPROVING THE PROPOSED SALE OF SAID REAL PROPERTY; AND APPROVING THE PARTICIPATION AGREEMENT PERTAINING THERETO. WHEREAS, the Community Redevelopment Agency of the City of Santa Ana is engaged in activities necessary to execute and implement the Redevelopment Plan for the Santa Ana Redevelopment project; and . WHEREAS, in order to implement the Redevelopment Plan, the Agency proposes to sell certain real property in the project area, pursuant to the terms and provisions of a Participation Agreement in which said real property is described; and WHEREAS, Warren K. Van Ingen and Pete Van Ruiten and Mary Van Ruiten have submitted to the Agency a written offer in the form of said Agreement to purchase the Site; and WHEREAS, the proposed Agreement contains all the pro- visions, terms, conditions and obligations required by state and local law; and WHEREAS, Warren K, Van Ingen and Pete Van Ruiten and Mary Van Ruiten possess the qualifications and financial resources necessary to acquire and insure development of the Site, in accor- dance with the purposes and objectives of the Redevelopment Plan; and . WHEREAS, the Agency has prepared, reviewed and consid- ered, a Summary Report setting forth the cost of the Agreement to the Agency, the estimated value of the interests to be conveyed determined at the highest uses permitted under the Redevelopment Plan, and the purchase price, and made said Summary Report avail- able for public inspection in accordance with the California Community Redevelopment Law; and WHEREAS, the Agency has found on the basis of an Initial Study that said Agreement will not result in substantial changes in the Project or the circumstances under which the Project is to be undertaken, and that the proposed action will have no signifi- cant effect on the environment except as identified and considered in the previous Environmental Impact Report; 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 Site and the proposed Agreement; and . WHEREAS, the Agency has considered all terms and condi- tions of the proposed sale and believes that the redevelopment of the Site pursuant to the proposed Agreement is in the best interests of the City and the health, safety, morals and welfare of its residents, and is in accord with the public purposes and provi- sions of the applicable state and local laws. 5 Ii\.