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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 79-2 <br />PAGE TWO <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOP- <br />MENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br />1. The Agency hereby finds and determines that the con- <br />sideration for the sale of the Site pursuant to the Participation <br />Agreement between the Agency and Dr. Steven Keiser and Paula B. <br />Keiser is not less than the fair market value of the Site in <br />accordance with the covenants and conditions governing the sale. <br /> <br />2. The Agency hereby finds and determines that the con- <br />sideration for sale of the Site pursuant to the Agreement is necessary <br />to effectuate the purposes of the Redevelopment Plan. <br /> <br />3. The sale of the Site by the Agency to Dr. Steven J. Keiser <br />and Paula B. Keiser and the Participation Agreement which establishes <br />the terms and conditions for the sale and development of the Site, <br />are hereby approved. <br /> <br />4. The Executive Director of the Agency is hereby authorized <br />to execute the Participation Agreement. <br /> <br />5. The Executive Director is hereby authorized to take all <br />steps, and to sign all documents and instruments (including but not <br />limited to the Grant Deed), necessary to implement and carry out the <br />Agreement on behalf of the Agency. <br /> <br />ADOPTED this 15th day of <br />following vote: <br /> <br />January <br /> <br />, 1979, by the <br /> <br />AYES: <br /> <br />MEMBERS: Brandt, Bricken, Evans, Ortiz, <br />Ward, Yamamoto <br />MEMBERS: None <br /> <br />NOES: <br /> <br />ABSENT: <br /> <br />MEMBERS: None <br /> <br />ATTEST: <br /> <br />D)J;¡[1a'~ <br />C AI <br /> <br />~~ <br /> <br />RICHARD E. GOBLI CH <br />Executive Direc r/ <br />Recording Secretary <br /> <br />APPROVED AS TO FORM: <br /> <br />/~~ <br /> <br />KEITH L. GOW, Agency <br />Legal Counsel <br /> <br />53 <br /> <br />7A <br />