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RESOLUTION NO. CRA 2005 -006 <br />A RESOLUTION OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA APPROVING A FIRST <br />IMPLEMENTATION AGREEMENT BETWEEN THE <br />AGENCY AND THE SAINT JOSEPH BALLET <br />COMPANY <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 Merged Project <br />Area (the Redevelopment Plan "), in the area formerly known as the <br />Central City Redevelopment Project. <br />B. In order to implement the Redevelopment Plan, the Agency has <br />previously agreed, to sell certain real property in the Project Area, pursuant <br />to the terms and provisions of a Disposition and Development Agreement <br />(hereinafter referred to as the "Agreement ") between the Agency and Santa <br />Saint Joseph Ballet Company for fifty (50) years for a rent of $1.00. This <br />property is constrained by the Agreement and City approvals to be used as <br />required parking for employees and guests of the Ballet <br />C. Saint Joseph Ballet Company now seeks to acquire said real <br />property for its fair reuse value and lease rights to it back to the Charles <br />Bowers Museum Corporation on the same terms that the Agency has <br />leased said property; to obtain a right of first offer and a right of first refusal <br />to the adjoining Kidseum owned by the Agency should it be offered for sale <br />to anyone other than the Charles Bowers Museum Corporation; and to <br />substitute parking opportunities in the new Bowers Museum parking lot <br />(located north of the Museum's new expansion space) for identical parking <br />opportunities it currently is afforded under the Agreement and related <br />documents in the existing (but to be demolished) Bowers parking lot at 1900 <br />North Main Street. <br />4 -17 <br />