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<br />REL:adg <br />2/27/82 <br /> <br />. <br /> <br />RESOLUTION NO. 82-46 <br /> <br />. <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA APPROVING <br />AN AGREEMENT BETWEEN THE AGENCY AND ORANGE <br />COUNTY TRANSIT DISTRICT FOR THE SALE OF <br />CERTAIN REAL PROPERTY IN THE SANTA ANA <br />REDEVELOPMENT PROJECT AREA <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 Agreement between the Agency and the Orange <br />County Transit District which is on file in the office of <br />the Executive Director of the Agency, in which said real <br />property (hereinafter referred to as the "Site") is <br />described; and <br /> <br />~ <br /> <br />WHEREAS, the Orange County Transit District 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 Orange County Transit District <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 />. <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 />. <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 />/1-13 <br /> <br />2B <br />