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RESOLUTION NO, CRA 2004 -06 <br />A RESOLUTION OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA APPROVING A DISPOSITION AND <br />DEVELOPMENT AGREEMENT BETWEEN THE <br />AGENCY AND SANTA ANA TRANSIT VILLAGE, <br />LLC <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 Inter City <br />Commuter Station Redevelopment Project Area (the Redevelopment <br />Plan "). <br />B. In order to implement the Redevelopment Plan, the Agency has <br />agreed, subject to the approval of the City Council, to sell certain real <br />property in the Project Area, pursuant to the terms and provisions of a <br />Disposition and Development Agreement (hereinafter referred to as the <br />"Agreement ") between the Agency and Santa Ana Transit Village, LLC, <br />which is on file in the office of the Executive Director of the Agency, in which <br />said real property, commonly referred to as 901 & 927 East Santa Ana <br />Boulevard, County of Orange Assessor Parcel Numbers 398 - 201 -05 & <br />398 - 201 -07 (hereinafter referred to as the "Site "), is described. <br />C. The Agreement contains all of the provisions, terms, conditions and <br />obligations required by the state and local laws. <br />D. Santa Ana Transit Village, LLC, possess the qualifications and <br />financial resources necessary to acquire and insure development of the <br />Site, in accordance with the purpose and objectives of the Redevelopment <br />Plan. <br />L <br />059 <br />