HomeMy WebLinkAbout80-018EJC:adg
10/11/80
RESOLUTION NO. 80-18
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 DISPOSITION AND DEVELOPMENT AGREEMENT
BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF SANTA ANA AND CALIFORNIA
TEACHERS FEDERAL CREDIT UNION 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 DISPOSITION AND DEVELOPMENT
AGREEMENT PERTAINING THERETO.
WHEREAS, the Community Redevelopment Agency of the
City of Santa Ana is engaged in activities necessary to
execute 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
Disposition and Development Agreement in which said real
property is described; and
WHEREAS, California Teachers Federal Credit Union
has submitted to the Agency a written offer in the form of
said Agreement to purchase the Property; and
WHEREAS, the proposed Agreement contains all the
provisions, terms, conditions and obligations required by
state and local law; and
WHEREAS, California Teachers Federal Credit Union
possesses the qualifications and financial resources
necessary to acquire and insure development of the Property,
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, and that the
proposed action will have no significant effect on the
environment 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 the property and the proposed Agreement.
RESOLUTION NO. 80- 18
PAGE TWO
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. The City Council has considered all terms and
conditions of the proposed sale and hereby finds and
determines that the redevelopment of the Property 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.
2. The City Council hereby finds and determines
that the consideration for the sale of the Property pursuant
to the Disposition and Development Agreement between the
Agency and California Teachers Federal Credit Union is not
less than the fair market value of the Property in
accordance with the covenants and conditions governing the
sale.
3. The sale of the Property by the Agency to
California Teachers Federal Credit Union and the Disposition
and Development Agreement which establishes the terms and
conditions for the sale and development of the Property, are
hereby approved.
ADOPTED this 21st day of
the following vote:
January
, 1980, by
AYES: COUNCILMEN: Griset,
Ward,
NOES: COUNCILMEN: Markel
Luxembourger, Serrato,
Yamamoto
ABSENT: COUNCILMEN: Bricken
ATTEST:
APPROVED AS TO FORM:
KEITH L. GOW
City Attorney
MAYOR