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RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA CONSENTING TO ASSIGNMENT OF A <br />PRIVATE DISPOSITION AND DEVELOPMENT <br />AGREEMENT AND APPROVING AN AMENDMENT TO <br />THE PRIVATE DISPOSITION AND DEVELOPMENT <br />AGREEMENT BETWEEN THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA AND PAG SANTA ANA B1, INC. MAHING <br />CERTAIN OTHER FINDINGS IN CONNECTION <br />THEREWITH <br />WHEREAS, the Community Redevelopment Agency of the City of Santa Ana <br />("Agency") entered into that Private Disposition and Development Agreement with Donald J. <br />Crevier, as Trustee of the Crevier Trust and Crevier Motors, Inc., a corporation duly organized <br />under the laws of the State of California, dated as of July 19, 2004, (the "Original Developer"), a <br />copy of which is on file with the Agency, pursuant to which the Original Developer was to <br />develop the Property located at 1500 Auto Mall Drive ("Property"); and <br />WHEREAS, the Agency and the Original Developer entered into that certain First <br />Implementation Agreement, dated April 18, 2005; and <br />WHEREAS, the Agency has concurrently herewith consented to an assignment of the <br />Original DDA by Original Developer to PAG Santa Ana B 1, Inc., a Delaware corporation <br />("PAG"); and <br />WHEREAS, the Agency and PAG now desire to amend the terms of the Original DDA <br />as implemented by the First Implementation Agreement (collectively, the "Original DDA") by <br />modifying the Scope of Development and Schedule of Performance in accordance with the <br />Amendment to the Private Disposition and Development Agreement ("Amendment") <br />substantially in the form submitted herein (the Original DDA and Amendment are referred to <br />herein as the "DDA, as amended"); and <br />WHEREAS, the Agency has duly considered all terms and conditions of the Amendment <br />and believes that the DDA, as amended is in the best interest of the Agency and the City of <br />Santa Ana and the health, safety, and welfare of its residents, and in accord with the public <br />purposes and provisions of applicable State and local laws requirements; and <br />WHEREAS, the Developer has submitted to the Agency and the City Council of the City <br />of Santa Ana ("City Council") copies of the DDA; as amended; and <br />WHEREAS, all actions required by all applicable law with respect to the Amendment <br />have been taken in an appropriate and timely manner; and <br />EXHIBIT 2 <br />DOCSOC/1495410v3/200272-0006 ~ _~ <br />