HomeMy WebLinkAbout90-019297
RESOLUTION NO. 90-019
REL:mb(5a)
1/18/90
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 CAMPBELL
AUTOMOTIVE GROUP, INC. FOR THE SALE OF
CERTAIN REAL PROPERTY IN THE SOUTH MAIN
STREET 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 (hereinafter referred to as the "Agency") is
engaged in activities necessary to execute and implement the
Redevelopment Plan for the Santa Ana South Main Street Redevelop-
ment 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 (hereinafter referred to as the
"Agreement") between the Agency and Campbell Automotive Group,
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
laws; and
the Agreement contains all the provisions,
and obligations required by state and local
WHEREAS, Campbell Automotive Group, In6. 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 found and determined that the
Environmental Impact Report prepared for the Santa Ana South
Main Street Redevelopment Project is adequate for approval of
the Agreement and that no additional Environmental Impact Report
is necessary, and this Council likewise believes said Environ-
mental 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
298
RESOLUTION NO. 90~019
PAGE TWO
duly noticed joint public hearing on the proposed sale of the
Site pursuant to the 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
Agreement is the best interests of the City of Santa Ana 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 Disposi-
tion and Development Agreement is not less than the fair market
value of the Site determined in accordance with the covenants
and conditions governing the sale.
3. The sale of the Site by the Agency to Campbell
Automotive Group, Inc. upon the terms and conditions contained
in the Agreement is hereby approved.
ADOPTED this 20th day of February , 1990.
ATTE ST:
Clerk. of the ¢ounc~q: ·
COUNCILMEMBERS:
Young A.ye
Acosta A.ye
Griset A.ye
May Aye
McGuigan A~
Norton
Pulido Aye
APPROVED AS TO FORM:
City Attorney