Laserfiche WebLink
E. The Agreement contains all of the provisions, terms, conditions and obligations <br />required by the state and local laws. <br />F. The Santa Ana Housing Authority possesses the qualifications and financial <br />resources necessary to acquire and insure development of the Property in <br />accordance with the purpose and objectives of the redevelopment law. <br />G. In accordance with the California Environmental Quality Act, the proposed <br />project is exempt from further review. Categorical Exemption ER No. 2004 -47 <br />will be filed for the project. <br />H. Pursuant to the provisions of the California Redevelopment Law, the Agency, <br />Housing Authority and the City Council have held a duly noticed joint public <br />hearing on the proposed sale of the Property. <br />Section 2, The City Council has considered all terms and conditions of the <br />proposed sale and hereby finds and determines that the sale of the Property pursuant to <br />the Agreement is the best interests of the City of Santa Ana and the health, safety and <br />welfare of its residents, and is in accord with the public purpose and provisions of the <br />applicable state and local laws. <br />Section 3. The City Council hereby finds and determines that the consideration <br />for the sale of the Property pursuant to the Purchase and Sale Agreement is not less than <br />the fair market value of the Property. <br />Section 4. The sale of the Property by the Agency to the Santa Ana Housing <br />Authority upon the terms and conditions contained in the Agreement is hereby approved. <br />Section 5. The Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />2 <br />12 <br />