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05/30/86
RESOLUTION NO. 86-62
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 SCHURGIN DEVELOPMENT CORPORATION FOR THE
SALE OF CERTAIN REAL PROPERTY IN THE NORTH
HARBOR BOULEVARD 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
North Harbor Boulevard 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 Disposition
and Development Agreement between the Agency and Schurgin
Development Corporation, which is on file in the office of the
Executive Director of the Agency, in which said real property
(hereinafter referred to as the "Site") is described; and
WHEREAS, the Agreement contains all the provisions,
terms, conditions and obligations required by state and
local laws; and
WHEREAS, Schurgin 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
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. 86-~
PAGE TWO
WHEREAS, the Agency has found and determined that
the Environmental Impact Report prepared for the Santa Ana
North Harbor Boulevard Redevelopment Project is adequate for
approval of the Disposition and Development Agreement and
that no additional Environmental Impact Report is necessary,
and this Council likewise believes said Environmental Impact
Report to be adequate for its use in approving the terms and
conditions of sale of the Site; 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. The City Council has considered all terms and con-
ditions of the proposed sale and hereby finds and determines
that the sale and the redevelopment of the Site pursuant to
the Disposition and Development Agreement is the best interests
of the City and the health, safety 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 Site pursuant to the
Disposition and~Development Agreement is not less than the fair
market value of~the Site in accordance with covenants and
conditions governing such sale.
3. The sale of the Site by the Agency to Schurgin
Development Corporation upon the terms and conditions contained
in the Disposition and Development Agreement is hereby approved.
ADOPTED this 17th day of J~ne
ATTEST:
~a~ice C. Guy /~ ('~/
Clerk of the Codnci~
COUNCI LMEMBE RS:
Griset Absent
Acosta '
Hart A~-~sent
Johnson Aye
Luxembourger Aye
McQuigan Aye
Young Aye
, 1986.
Daniel E. Griset, Mayor
APPROVED AS TO FORM:
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