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5/2/84
RESOLUTION NO. 84- 61
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA MAKING CERTAIN ENVIRONMENTAL
FINDINGS AND 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 REDEVELOP-
MENT AGENCY OF THE CITY OF SANTA ANA AND
SANTA ANA VENTURE FOR THE SALE OF CERTAIN
REAL PROPERTY IN THE SANTA ANA REDEVELOPMENT
PROJECT AND APPROVING THE SALE OF SAID REAL
PROPERTY UPON THE TERMS AND CONDITIONS
CONTAINED IN THAT AGREEMENT
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 has agreed, subject to the approval of this Council,
to sell certain real property in the Project Area, pursuant to
the terms and provisions of that certain Participation Agreement
between the Agency and Santa Ana Venture, which is on file in
the office of the Executive Director of Agency, in which said
real property (hereinafter referred to as the "Site") is
described; and
terms,
laws;
WHEREAS, the Agreement contains all the provisions,
conditions and obligations required by state and local
and
WHEREAS, Santa Ana Venture possesses the qualifications
and financial resources necessary to acquire and insure develop-
ment 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 has made
said Summary Report available for public inspection in accordance
with the California Community Redevelopment Law; and
RESOLUTION NO. 84-61
PAGE TWO
WHEREAS, the Agency has prepared and certified a
Final Environmental Impact Report for the Fashion Square Com-
mercial Center project (the "Project") to be undertaken pursuant
to the Participation Agreement, and such Final Environmental
Impact Report has been reviewed and considered by this Council;
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
Site and the proposed Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. This Council finds and determines that the Final
Environmental Impact Report prepared and certified by the
Agency for the Project is adequate for this Council's use
in determining whether to approve the terms and conditions
of the sale of the Site. This Council further incorporates
by reference those findings set. forth in Sections 1 through
3 of Resolution No. 84-11 of the Agency as though fully set
forth herein, and hereby approves and adopts said findings
as its own.
2. The City Council has considered all terms and
conditions of the proposed sale and hereby finds and deter-
mines that the sale and the redevelopment of the Site pur-
suant to the Participation Agreement is in the best interests
of the city and the health, safety and welfare of its resi-
dents, and is in accord with the public purposes and pro-
visions of the applicable state and local laws.
3. The City Council hereby finds and determines that
the consideration for the sale of the Site pursuant to the
Participation Agreement is less than the estimated value
of the Site, determined at the highest use permitted under
the Redevelopment Plan, but that such lesser consideration
is necessary to effectuate the purposes of the Redevelopment
Plan.
RESOLUTION NO. 84- 61
PAGE THREE
4. The sale of the Site by the Agency to Santa Ana
Venture upon the terms and conditions contained in the
Participation Agreement is hereby approved.
ADOPTED this 15th day of ~a¥
, 1984.
ATTEST:
/~anice C. Guy /
c/Clerk of the Council'J
COUNC I LMEMBERS:
MR~,~xembOur ger ~
Luxembourger Aye
Gr i se t Aye,
Acosta Ave
Bricken Aye,
Johnson Aye,
McQuigan Ave
Young
APPROVED AS TO FORM:
~r~t~per