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9/6//79
RESOLUTION NO. 79- 154
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 ANA AND JONES DEVELOPMENT
CORPORATION FOR THE SALE AND DEVELOPMENT
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 exe-
cute 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 de-
scribed; and
WHEREAS, Jones Development Corporation has sub-
mitted 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, Jones Development Corporation 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 high-
est 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 sub-
stantial changes in the Project or the circumstances under
which the Project is to be undertaken, that no Negative Decla-
ration, Subsequent Environmental Impact Report, or Supplement
to an Environmental Impact Report is required, and that the
proposed action will have no significant effect on the environ-
ment except as identified and considered in the previous
Environmental 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. 79-154
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 Jones
Development Corporation is not less than the fair market
value of the Site in accordance with the covenants and con-
ditions governing the sale.
2. The sale of the Site by the Agency to Jones
Development Corporation and the Participation Agreement which
establishes the terms and conditions for the sale and devel-
opment of the Site, are hereby approved.
ADOPTED this 17th day of September , 1979,
by the following vote:
AYES:
NOES:
ABSENT:
COUNCILMEN: Bricken, Griset~ Luxembourger, Serrato,
Ward~ Yamamoto
COUNCILMEN: Markel
COUNCILMEN: None
ATTEST:
CLERK TaE COUNCIL
APPROVED AS TO FORM:
MAYOR
KEITH L. GOW
CITY ATTORNEY