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REQUEST FOR COUNCIL/ <br />AGENCY ACTION <br />MEETING DATE: <br />JUNE 22, 2011 <br />TITLE: <br />AMENDED DISPOSITION AND DEVELOPMENT <br />AGREEMENT AND ASSIGNMENT AND <br />ASSUMPTION AGREEMENTS FOR CREVIER <br />BMW AND MINI AT THE SANTA ANA AUTO <br />MALL <br />~~ <br />~,. <br />_ ~~C'~-Y') Lti ~ ~ C.G~.G-~~~'c f-c L <br />CITY MANAGER r TERIM <br />EXECI} VE DIRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL ACTION <br />FILE NUMBER <br />Adopt resolution making certain findings with respect to an Amended Disposition and Development <br />Agreement for Crevier BMW and Mini at the Santa Ana Auto Mall. <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br />Adopt a resolution approving an Amended Disposition and Development Agreement for <br />Crevier BMW and Mini at the Santa Ana Auto Mall. <br />2. Authorize the Executive Director and Agency Secretary to execute the attached Assignment <br />and Assumption Agreement by and among PAG Santa Ana B1, Inc., a Delaware corporation <br />("Assignee"), and Santa Ana Properties, LLC, a California limited liability company <br />("Assignor") for property located at 1500 Auto Mall Drive, including Agency consent and <br />estoppel, subject to non-substantive changes approved by the Executive Director and Agency <br />General Counsel. <br />3. Authorize the Executive Director and Agency Secretary to execute the attached Assignment <br />and Assumption Agreement by and among PAG Santa Ana B1, Inc., a Delaware corporation <br />("Assignee"), and Santa Ana Properties II, LLC, a California limited liability company <br />("Assignor") for property located at 1455 Auto Mall Drive, including Agency consent and <br />estoppel, subject to non-substantive changes approved by the Executive Director and Agency <br />General Counsel. <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />As Recomrnended <br />As Amended <br />Ordinance on 1st Reading <br />Ordinance on 2nd Reading <br />Implementing Resolution <br />Set Public P-fearing For <br />CONTINUED TO <br />1-1 <br />