HomeMy WebLinkAbout91-109055
REL: 10/14/91
RESOLUTION NO. 91-109
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA ANA, APPROVING A DISPO-
SITIONAND DEVELOPMENT AGREEMENT BETWEEN
THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF SANTA ANA AND HISTORIC
FRENCH PARK ASSOCIATION, INC., MAKING
CERTAIN FINDINGS WITH RESPECT TO THE
CONSIDERATION TO BE RECEIVED BY THE
AGENCY PURSUANT TO SAID AGREEMENT; AND
CONSENTING TO THE EXECUTION AND IMPLE-
MENTATION OF SAID DISPOSITION AND DEVE-
LOPMENT AGREEMENT
WHEREAS, the Community Redevelopment Agency of
Santa Ana (the "Agency") is engaged in activities
develop low and moderate income housing in the City
pursuant to the Community Redevelopment Law; and
the city of
necessary to
of Santa Ana
WHEREAS, in implementation of the Agency's low and moderate
income housing program, the Agency proposes to sell certain real
property located in the City of Santa Ana (the "Site") pursuant to
the terms and provisions of a proposed Disposition and Development
Agreement (the "DDA") to be entered into with Historic French Park
Association, Inc. (the "Developer"); and
WHEREAS, the DDA provides for the development of dwelling
units affordable to and restricted to occupancy by moderate income
households; and
WHEREAS, the Developer has submitted to the Agency a written
offer in the form of said DDA as submitted to purchase the the
Site; and
WHEREAS, the proposed DDA contains all the provisions, terms
and conditions, and obligations required by State and local law;
and
WHEREAS, the Developer possesses the qualifications and
financial resources necessary to acquire and insure the development
of the Site in accordance with the purposes and objectives of the
Community Redevelopment Law and the DDA; and
RESOLUTION 91-109
Page 2
057
WHEREAS, the Agency has prepared, reviewed and considered a
summary and report setting forth the cost of the DDA to the Agency,
the estimated value of the interests to be conveyed determined at
the highest uses permitted under applicable land use controls, and
the purchasd price, and made said summary and report available for
public inspection in accordance with the California community
Redevelopment Law; and
WHEREAS, the members of the City Council have considered the
summary report; and
WHEREAS, pursuant to the provisions of the California
Redevelopment Law, the Agency and the City Council of the City of
Santa Ana have held a duly noticed joint public hearing on the
proposed sale of the Site and the proposed DDA; and
WHEREAS, the city Council of the City of Santa Ana has duly
considered all terms and conditions of the proposed sale and
believes that the development of the Site pursuant to the proposed
DDA is in the best interests of the City and the health, safety,
morals, and welfare of its residents, and in accord with the public
purposes and provisions of applicable State and local law and
requirements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Santa Ana as follows:
1. The city Council hereby finds and determines that the
consideration for the sale of the Site pursuant to the DDA between
the Agency and the Developer is not less than the fair market value
for the Site in accordance with the covenants and conditions
governing such sale.
2. The city Council hereby finds and determines that the
consideration for the sale of the Site pursuant to said DDA is
necessary to effectuate the Agency's low and moderate income
housing program organized under the Community Redevelopment Law.
3. The sale of the Site by the Agency to the Developer and
the DDA which establishes the terms and conditions for the sale and
development of the Site are hereby approved.
2
RESOLUTION 91-109
PAGE 3
O59
4. The city Council consents to the execution and
implementation of the proposed Disposition and Development
Agreement by the Agency.
ADOPTED this 19 day of November , 199]__.
ATTEST:
COUNCILMEMBERS:
Young Absent
Pulido Aye
Acosta Aye
Griset Aye
McGuigan Aye
Norton Aye
Richardson Absent
Mayor
APPROVED AS TO FORM:
City Attorney
CERTIFICATE OF ORIGINALITY
State of California
County of Orange
I, JANICE C. GUY, Clerk of the Council, do hereby certify the
attached Resolution ~/--/0.~ to be the original resolution
adopted by the City Council of the city of Santa Ana on
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CouJ/ ,
City of Santa Ana