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<br />E. Saint Joseph Ballet Company possess the qualifications and <br />financial resources necessary to acquire and insure development of the <br />Site, in accordance with the purpose and objectives of the Redevelopment <br />Plan. <br /> <br />F. Pursuant to Environmental Review No. 97-116a, a categorical <br />exemption has been issued in compliance with the California Environmental <br />Quality Act. <br /> <br />G. 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 2. The First Implementation Agreement is hereby approved, and the <br />Executive Director of the Agency is hereby authorized to execute the Agreement, with <br />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 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 19th day of December. 2005. <br /> <br />~<<&v- <br />iguel A. Pulido <br />Chair <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, Gener /Counsel <br /> <br />@ <br /> <br />~/5a ~s+ <br /> <br /> <br />Resolution eRA No. 2005-006 <br />Page 2 of 3 <br />