HomeMy WebLinkAbout87-018113
REL:adg-5a
1/26/87
RESOLUTION NO. 87-18
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 WAXIE
ENTERPRISES~ I~C. FOR THE SALE OF
CERTAIN REAL PROPERTY IN THE SOUTH 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
South 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 Dis-
position and Development Agreement between the Agency and
Waxie Enterprises~ Inc., 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,
terms, conditions
local laws; and
the Agreement contains all the provisions,
and obligations required by state and
WHEREAS, Waxie Enterprises~ 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 has
made said Summary Report available for public inspection in
accordance with the California Community Redevelopment Law; and
RESOLUTION NO. 87-18
PAGE TWO
WHEREAS, the Agency has found and determined that
the Environmental Impact Report prepared for the Santa Ana
South 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 less than the fair
market value of the Site determined at the highest use permitted
under the Redevelopment Plan, but such lesser consideration is
necessary to effectuate the purposes of the Redevelopment Plan.
RESOLUTION NO. 86-18
PAGE THREE
e
Inc.
position
The sale of the Site by the Agency to Waxie Enterprises,
upon the terms and conditions contained in the Dis-
and Development Agreement is hereby approved.
ADOPTED this 17th day of February , 1987.
ATTEST:
~ni~e C. Guy /- ~
~Clerk of the CounCil --
COUNCI LMEMBE RS:
Young Aye
McGuigan Aye
Hart Aye
May Aye
Acosta ~
Pulido Aye
Griset Ave
~)aniel H. Y'9~u~g
Mayor
APPROVED AS TO FORM:
E-d~ a~d~ J. ~ooper
City A t'h~Fn e y