Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />L <br /> <br />RESOLUTION NO. 81-38 <br />PAGE TWO <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br />1. The Agency has considered all terms and <br />conditions of the proposed sale and hereby finds and <br />determines that the rehabilitation of the Property pursuant <br />to the proposed Agreement is in the best interests of the <br />City and the health, safety, morals and welfare of its <br />residents, and is in accord with the public purposes and <br />provisions of the applicable state and local laws. <br /> <br />2. The Agency hereby finds and determines that <br />the consideration for the sale of the leasehold interest in <br />the Site pursuant to the Commercial Rehabilitation <br />Participation Agreement between the Agency and Odelle Marks, <br />Blanche Ann Marks, and Ronald A. Marks is less than the fair <br />market value of the said leasehold interest, determined at <br />the highest use permitted under the Redevelopment Plan, but <br />that such lesser consideration is necessary to effectuate <br />the purposes of the Redevelopment Plan. <br /> <br />3. The sale of the leasehold interest in the <br />Site by the Agency to Odelle Marks, Blanche Ann Marks, and <br />Ronald A. Marks and the Commercial Rehabilitation <br />Participation Agreement which establishes the terms and <br />conditions for the sale and development of the Site, are <br />hereby approved. ' <br /> <br />4. The Chairman of the Agency is hereby <br />authorized to execute the Commercial Rehabilitation <br />Participation Agreement. <br /> <br />5. The Executive Director is hereby authorized <br />to take all steps, and to sign all documents and instruments <br />necessary to implement and carry out said Agreement on <br />behalf of the Agency. <br /> <br />ADOPTED this 18th day of <br />by the following vote: <br /> <br />May <br /> <br />, 1981, <br /> <br />AYES: <br /> <br />MEMBERS: Griset, Acosta, Ser~ato, Bricken, <br />Luxembourger & McGulgan <br /> <br />MEMBERS: None <br /> <br />MEMBERS: Markel <br /> <br />NOES: <br /> <br />ABSENT: <br /> <br />ATTEST: <br /> <br />~;?~ <br /> <br />/ CHAIRMAN <br /> <br /> <br />APPROVED AS TO FORM: <br /> <br />