031504 PH Sale of Agency Owned Prop 807 E. SA Blvd

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3/9/04 LES RESOLUTION NO. HA 2004 -02 A RESOLUTION OF THE HOUSING AUTHORITY OFTHE CITY OF SANTA ANA APPROVING THE PURCHASEOF AGENCY -OWNED PROPERTY LOCATED AT 807 E. SANTA ANA BOULEVARD AND AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE DOCUMENTS AS NECESSARY BE IT RESOLVED BY THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1. The Board of the Housing Authority of the City of Santa Ana hereby finds, determines and declares as follows: A. California Community Redevelopment law (Health and Safety Code section 33334.16) currently restricts the length of time that a redevelopment agency can hold land for future development to ten years. The Community Redevelopment Agency of the City of Santa Ana ( "Agency ") owns the property located at 807 E. Santa Ana Boulevard (the "Property ") which shall soon exceed the legal time limit. B. Pursuant to Health and Safety Code section 33442, an agency may sell, lease, grant, or donate real property owned or acquired by the agency to a housing authority or to any public agency for public housing projects. C. The Agency proposes to sell the Property to the Housing Authority of the City of Santa Ana at its current appraised value pursuant to the terms and provisions of a Purchase and Sale Agreement (hereinafter referred to as the "Agreement'). D. The Authority has duly considered all of the terms and conditions of the proposed purchase, and believes that the proposed purchase is in the best interests of the health, safety, morals and welfare of its residents, and in accord with the public purpose and provisions of applicable state and local laws and requirements. E. Pursuant to the provisions of Community Redevelopment Law, the Agency, City Council and Authority held a public hearing on the proposed sale of the Property. F. The proposed sale of the Property is exempt from further review, and in accordance with the California Environmental Quality Act, categorical exemption ER No. 2004 -47 will be filed for this project. G. The Authority recognizes that it has received and heard all oral and written objections to the proposed purchase of the Property, and to other matters pertaining to this transaction, and that all such oral and written objections are hereby overruled.