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DDA with Donald J. Crevier, as Trustee of the <br />Donald J. Crevier Trust, Crevier Motors, Inc. <br />A California Corporation, and Crevier Leasing <br />Company, Inc., a California Corporation - <br />Crevier BMW Dealership <br />July 6, 2004 <br />Page 4 <br />of the first parcel by the Agency; the new showroom and office area will <br />be constructed as part of Phase II on the second parcel to be conveyed; <br />and the new sales, service, parts and office addition to the existing BMW <br />building will be built in Phase III on Crevier's existing property. The <br />phasing will allow the dealership to continue its operations without <br />major disruption to sales and service. <br />The law requires a public hearing for the purpose of considering the <br />proposed sale of the property. On June 23 and June 28, 2004, <br />notification was published in the Orange County Reporter that a summary <br />report and other documents relating to the sale were available for public <br />inspection beginning June 23, 2004, and that persons wishing to comment <br />on this matter may appear at the public hearing or submit written <br />comments in advance. <br />CEQA COMPLIANCE <br />In accordance with the California Environmental Quality Act, the <br />recommended action is exempt from further review. Categorical Exemption <br />Environmental Review No. 2003 -111a will be filed for this project. <br />FISCAL IMPACT <br />The funds from the sale of the property in the amount of $3,691,940 will <br />be credited to the South Main Tax Allocation Bonds account (account no. <br />552 -01 -5721) and the South Main Operations account (account no. 550 -01- <br />5721). <br />Jo P. Reekstin <br />E cutive Director <br />Community Development Agency <br />JPR /VU /SG /mlr <br />Actions \2004CC \JT CC -CRA - CrevierDDA 7 -6 -04 <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />W(A o1oma 04 <br />Execu ve Director <br />Finance & Management <br />20 <br />Services Agency <br />6 <br />