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EJC:sc 8/29/79 RESOLUTION NO. 79-45 . A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA MAKING CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE RECEIVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA PURSUANT TO THE FIRST AMENDMENT TO PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AND STEVEN J. KEISER AND PAULA B. KEISER FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA REDEVELOPMENT PROJECT; APPROVING THE PROPOSED SALE OF SAID REAL PROPERTY; AND APPROVING THE FIRST AMENDMENT TO 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 that certain agree- ment previously entered into between the Community Redevelopment Agency and Steven J. Keiser and Paula B. Keiser, dated Janaury l5, 1979, entitled "Participation Agreement", and the proposed First Amendment to Participation Agreement in which said real property is described; and WHEREAS, Steven J. Keiser and Paula B. Keiser have sub- mitted to the Agency a written offer in the form of said First Amendment to Participation Agreement to purchase the site; and WHEREAS, the Participation Agreement dated January l5, 1979, and the proposed First Amendment to Participation Agreement contain all the provisions, terms, conditions and obligations required by state and local law; and WHEREAS, Steven J. Keiser and Paula B. Keiser possess the qualifications and financial resources necessary to acquire and insure development of the Site, in accordance with the pur- poses and objectives of the Redevelopment Plan; and . WHEREAS, the Agency has prepared, reviewed and con- sidered, a Summary Report setting forth the cost of the First Amendment to Participation 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 available for public inspec- tion in accordance with the California Community Redevelopment Law; and WHEREAS, the Agency has found on the basis of an Initial Study that said First Amendment to Participation Agreement will not result in substantial changes in the Project or the circum- stances under which the Project is to be undertaken, that no Nega- tive Declaration, Subsequent Environmental Impact Report, or Supple- ment to an Environmental Impact Report is required, and that the proposed action will have no significant 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 First Amendment to Participation Agreement; and . w IB ) ¡/ 'v -~