2005-121 - Redevelopment Agency of the City of Santa Ana and the Saint Joseph Ballet Company

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E. The First Implementation Agreement, a true and correct copy of which is on file with the Secretary, contains all of the provisions, terms, conditions and obligations required by the state and local laws. F. Pursuant to Environmental Review No. 97-116a, a categorical exemption has been issued in compliance with the California Environmental Quality Act. G. Pursuant to the provisions of the California Redevelopment Law, the Agency and the City Council have held a duly noticed joint public hearing on the proposed sale of the Site pursuant to the Agreement. Section 2. The City Council has considered all terms and conditions of the proposed sale and hereby finds and determines that the sale and the redevelopment of the Site as provided for in the First Implementation Agreement is the best interests of the City of Santa Ana and the health, safety and welfare of its residents, and is in accord with the public purpose and provisions of the applicable state and local laws. Section 3. The City Council hereby finds and determines that the consideration for the revised sale price for the Site pursuant to the First Implementation Agreement is not less than the fair reuse value of the Site determined in accordance with the covenants and conditions governing the sale in consideration of the use and with the covenants and conditions and development costs authorized by the sale. Section 4. The sale of the Site by the Agency to Saint Josephs Ballet Company, upon the terms and conditions contained in the First Implementation Agreement is hereby approved. Section 5. The Clerk of the Council shall attest to and certify the vote adopting this Resolution. v ADOPTED this 19th day of December. 2005. ~"'-C~-0-~ Miguel A. Pulido Mayor [fSC?& ~+ Resolution No. 2005-121 Page 2 of 3