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<br />E. The City of Santa Ana as lead agency has determined that the <br />environmental impact report prepared in conjunction with the adoption of <br />the City's Midtown Specific Plan may be used for this project. <br /> <br />F. Pursuant to the provisions of the California Redevelopment Law, the <br />Agency and the City Council have held a duly noticed joint public hearing on <br />the proposed sale of the Site pursuant to the Agreement. <br /> <br />Section ? The Disposition and Development Agreement is hereby approved, <br />and the Executive Director of the Agency is hereby authorized to execute the Agreement, <br />with such non-substantive changes as may be approved by Agency's General Counsel. <br /> <br />Section 3. The Executive Director of the Agency is hereby authorized to <br />execute the necessary documents with the City to acquire title to the YMCA building, <br />including the property to be transferred pursuant to the Agreement. The Executive <br />Director of the Agency is hereby further authorized to negotiate and execute a sublease <br />agreement for the 150 parking spaces in this parking garage to the City of Santa Ana on <br />a month-to-month basis subject to approval as to form by the Agency General Counsel. <br />The proceeds of any sublease of the parking spaces in the parking garage shall be <br />deposited into the Agency's low and moderate income housing fund until the proceeds of <br />the sublease equal the fair market value of the YMCA building. <br /> <br />Section 4. The Executive Director of the Agency is hereby authorized to take all <br />steps, and to sign all documents and instruments necessary to implement and carry out <br />the Agreement on behalf of the Agency. <br /> <br />ADOPTED this 16th day of December ,2002. <br /> <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, General Counsel <br /> <br />IC~ <br /> <br />v li <br />n' 'min Kaufman <br />sistant General Counsel <br /> <br /> <br />2 <br />