Laserfiche WebLink
RESOLUTION N0. CRA 2008-005 <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA APPROVING A <br />DISPOSITION AND DEVELOPMENT AGREEMENT <br />BETWEEN THE AGENCY AND ORANGE COUNTY <br />COMMUNITY HOUSING CORPORATION <br />BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA, AS FOLLOWS: <br />Section 1: The Board of the Community Redevelopment Agency of the City of <br />Santa Ana hereby finds, determines and declares as follows: <br />A. The Community Redevelopment Agency of the City of Santa Ana <br />(hereinafter referred to as the "Agency") is engaged in activities necessary <br />to execute and implement the Redevelopment Plan for the Merged <br />Redevelopment Project Areas (the "Redevelopment Plan"), including <br />strengthening of public-private partnerships to provide more affordable <br />housing, and particularly to provide decent, safe, sanitary, and affordable <br />housing to the lower income citizens of the City of Santa Ana. <br />B. In order to implement the Redevelopment Plan, the Agency has agreed, <br />subject to the approval of the City Council, to sell certain real property <br />located at 1006, 1012 and 1015 Logan Street (the Properties) pursuant to <br />the terms and provisions of a Disposition and Development Agreement <br />(hereinafter referred to as the "Agreement") between the Agency and <br />Orange County Community Housing Corporation, a non-profit, public <br />benefit corporation, which is on file in the office of the Executive Director of <br />the Agency, in which said real property, is described. <br />C. Orange County Community Housing Corporation proposes partnering with <br />general contractor Hope Builders, a subsidiary of Taller San Jose and <br />Neighborhood Housing Services of Orange County to construct and sell <br />these homes to qualified households. The term of affordability on each of <br />the three homes will be for forty-five years. <br />D. The Agreement contains all of the provisions, terms, conditions and <br />obligations required by the state and local laws. <br />E. Orange County Community Housing Corporation possesses the <br />qualifications and financial resources necessary to acquire and insure <br />development of the Properties, in accordance with the purpose and <br />objectives of the Redevelopment Plan. <br />Resolution No. CRA 2008-005 <br />Page 1 of 3 <br />