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<br />" <br /> <br />, <br /> <br />. <br /> <br />. <br /> <br />REL:adg <br />9/10/82 <br /> <br />" <br /> <br />RESOLUTION NO. 82-100 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA APPROVING <br />AN AGREEMENT BETWEEN THE AGENCY AND THE <br />FERRANTE/WALDER JOINT VENTURE <br /> <br />WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana is engaged in activities necessary to <br />execute and implement the Redevelopment Plan for the Santa <br />Ana Redevelopment Project; and <br /> <br />WHEREAS, in order to implement the Redevelopment <br />Plan, the Agency proposes to sell certain real property in <br />the Project area, pursuant to the terms and provisions of <br />that certain "Disposition and Development Agreement" between <br />the Agency and the Ferrante/Walder Joint Venture, which is <br />on file in the office of the Executive Director of the <br />Agency, in which said real property (hereinafter referred to <br />as the "Site") is described; and <br /> <br />WHEREAS, the Ferrante/Walder Joint Venture has <br />submitted to the Agency a written offer in the form of said <br />Agreement to purchase the Site; and <br /> <br />WHEREAS, the proposed Agreement contains all the <br />provisions, terms, conditions and obligations required by <br />state and local law; and <br /> <br />WHEREAS, the Ferrante/Walder Joint Venture <br />possesses the qualifications and financial resources <br />necessary to acquire and insure development of the Site, in <br />accordance with the purposes and objectives of the <br />Redevelopment Plan; and <br /> <br />WHEREAS, the Agency has prepared, reviewed and <br />considered a Summary Report setting forth the cost of the <br />Agreement to the Agency, the estimated value of the <br />interests to be conveyed determined at the highest uses <br />permitted under the Redevelopment Plan, and the purchase <br />price, and made said Summary Report available for public <br />inspection in accordance with the California Community <br />Redevelopment Law; and <br /> <br />WHEREAS, pursuant to the provisions of the <br />California Redevelopment Law, the Agency and the City <br />Council have held a duly noticed joint public hearing on the <br />proposed sale of the Site and the proposed Agreement; and <br /> <br />WHEREAS, the Community Redevelopment Agency of the <br />City of Santa Ana has prepared an Initial Study of the <br />environmental impact of the proposed Agreement; and <br /> <br />2B <br /> <br />1t-/5' <br />