HomeMy WebLinkAbout88-015151
RESOLUTION NO. 88-15
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 HISTORIC FRENCH PARK ASSOCIATION, INC. FOR THE
SALE OF CERTAIN REAL PROPERTY AND APPROVING
THE SALE OF SAID REAL PROPERTY UPON THE TERMS
AND CONDITIONS CONTAINED IN THAT AGREEMENT
WHEREAS, the Agency has agreed, subject to the approval of
this Council, to sell certain real property pursuant to the terms
and provisions of that certain Disposition and Development
Agreement between the Agency and Historic French Park Association,
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, the Agreement contains all the provisions, terms,
conditions and obligations required by state and local laws; 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, and the purchase price, and has made said Summary
Report available for public inspection in accordance with the
California Community Redevelopment Law; 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 conditions
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 in 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 that than the fair market
value of the Site in accordance with covenants and conditions
governing such sale.
153
RESOLUTION NO.
PAGE TWO
88- 15
3. The sale of the Site by the Agency to Historic French Park
Association, Inc., upon the terms and conditions contained in the
Disposition and Development Agreement is hereby approved.
ADOPTED this 15th day of
ATTEST:
~_n'ice C. Guy - ! ~7~
Clerk of the Council''
COUNCILMEMBERS:
Young Aye
McGuigan Ave
Acosta Aye
Griset Aye
Hart Aye
May
Pul ido
March , 1988.
APPROVED AS TO FORM: