081808 Jt PH DDA OC Comm Hsg Corp for 1006 1012 and 1015 Logan

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RESOLUTION NO. 2008- A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE AGENCY AND ORANGE COUNTY COMMUNITY HOUSING CORPORATION BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1: The Board of the Community Redevelopment Agency of the City of Santa Ana hereby finds, determines and declares as follows: A. The Community Redevelopment Agency of the City of Santa Ana (hereinafter referred to as the "Agency ") is engaged in activities necessary to execute and implement the Redevelopment Plan for the Merged Redevelopment Project Areas (the 'Redevelopment Plan "), including strengthening of public - private partnerships to provide more affordable housing, and particularly to provide decent, safe, sanitary, and affordable housing to the lower income citizens of the City of Santa Ana. B. In order to implement the Redevelopment Plan, the Agency has agreed, subject to the approval of the City Council, to sell certain real property located at 1006, 1012 and 1015 Logan Street (the Properties) pursuant to the terms and provisions of a Disposition and Development Agreement (hereinafter referred to as the "Agreement ") between the Agency and Orange County Community Housing Corporation, a non - profit, public benefit corporation, which is on file in the office of the Executive Director of the Agency, in which said real property, is described. C. Orange County Community Housing Corporation proposes partnering with general contractor Hope Builders, a subsidiary of Taller San Jose and Neighborhood Housing Services of Orange County to construct and sell these homes to qualified households. The term of affordability on each of the three homes will be for forty -five years. D. The Agreement contains all of the provisions, terms, conditions and obligations required by the state and local laws. 7 -81