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1/11/79
RESOLUTION NO. 79-18
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA MAKING CERTAIN FINDINGS WITH
RESPECT TO THE CONSIDERATION TO BE RECEIVED
BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF SANTA ANA PURSUANT TO A PARTICIPATION
AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANAAND AMERICAN
NATIONAL PROPERTIES FOR THE SALE AND DEVELOP~
MENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA
REDEVELOPMENT PROJECT; APPROVING THE PROPOSED
SALE OF SAID REAL PROPERTY; AND APPROVING THE
PARTICIPATION AGREEMENT PERTAINING THERETO.
WHEREAS, the Community Redevelopment Agency of the
City of Santa Ana is engaged in activities necessary to ex-
ecute and implement the Redevelopment Plan for the Santa
Ana Redevelopment Project; and
WHEREAS, in order to implement the Redevelopment
Plan, the Agency proposes to sell certain real property in
the Project area, pursuant to the terms and provisions of a
Participation Agreement in which said real property is
described; and
WHEREAS, American National Properties, Inc. has
submitted to the Agency a written offer in the form of said
Agreement to purchase the site; and
WHEREAS, the proposed Agreement contains all the
provisions, terms, conditions and obligations required by
state and local law; and
WHEREAS, American National Properties, Inc. possesses
the qualifications and financial resources necessary to acquire
and insure development of the site, in accordance with the
purposes and objectives of the Redevelopment Plan; and
WHEREAS, the Agency has prepared, and the City
Council has reviewed and considered, a Summary Report setting
forth the cost of the Agreement to the Agency, the estimated
value of the interests to be conveyed determined at the
highest uses permitted under the Redevelopment Plan, and the
purchase price, and made said Summary Report available for
public inspection in accordance with the California Community
Redevelopment Law; and
WHEREAS, the City Council has found on the basis
of an Initial Study that said Agreement will not result in
substantial changes in the Project or the circumstances under
which the Project is to be undertaken, that no Negative Declara-
tion, Subsequent Environmental Impact Report, or Supplement to
an Environmental Impact Report is required, and that the pro-
posed action will have no significant effect on the environment
except as identified and considered in the previous environ-
mental impact report; and
WHEREAS, pursuant to the provisions of the California
Redevelopment Law, the Agency and the City Council have held a
duly noticed joint public hearing on the proposed Sale of Site
and the proposed Agreement; and
RESOLUTION NO. 79-18
PAGE TWO
WHEREAS, the City Council has considered all terms
and conditions of the proposed sale and believes that the
redevelopment of the Site pursuant to the proposed Agreement
is in the best interests of the City and the health, safety,
morals and welfare of its residents, and is in accord with
the public purposes and provisions of the applicable state
and local laws.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COUNCIL OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. The City Council hereby finds and determines
that the consideration for the sale of the Site pursuant
to the Participation Agreement between the Agency and
American National Properties, Inc. is not less than the
fair market value of the Site in accordance with the
covenants and conditions governing the~ sale~ ~ ~ ·
2. The City Council hereby finds and determines
that the consideration for sale of the Site pursuant to the
Agreement is necessary to effectuate the purposes of the
Redevelopment Plan.
3. The sale of the Site by the Agency to
American National Properties, Inc. and the Participation
Agreement which establishes the terms and conditions for
the sale and development of the Site, are hereby approved.
ADOPTED this 15th day of January , 1979,
by the following vote:
AYES: COUNCILMEN: Brandt, Bricken, Evans,
Garthe, 0rtiz, Yamamoto
NOES: COUNCILMEN: Ward
ABSENT: COUNCILMEN:
ATTEST:
CLERK OF THE
APPROVED AS TO FORM:
KEITH L. GOW
CITY ATTORNEY
MAYOR