HomeMy WebLinkAbout2000-081 - South Main Project Area of Portion of the Transient Occupancy377
RESOLUTION NO. 2000-081
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA AUTHORIZING AND APPROVING A LOAN TO
THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF SANTA ANA USE IN ITS SOUTH MAIN PROJECT
AREA OF A PORTION OF THE TRANSIENT OCCUPANCY
TAX GENERATED BY THE DOUBLETREE HOTEL
BK: 12/7/00
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS
FOLLOWS:
SECTION 1: The City Council of the City of Santa Ana hereby finds, determines
and declares as follows:
The Planning Commission of the City of Santa Ana, after a noticed public
hearing, has approved the construction and operation of a 151 room, 7
story Doubletree Hotel at the corner of Imperial Promenade and MacArthur
Boulevard in the City of Santa Ana.
This Hotel will include approximately 8,130 square feet of banquet facilities.
This will be, bar far, the largest banquet facility associated with any hotel in
the City.
As part of this project, the Hotel owner and the Community Redevelopment
Agency ("Agency") have entered into an Owner Participation Agreement
("OPA") in which the owner has agreed to construct said banquet facilities
and certain other amenities and maintain an agreed-upon, high level of
fixtures, furniture and equipment through and until fiscal year 2015-2016.
In return for this commitment, which will run with the land, the Agency has
agreed to pay annually to the hotel owner from tax increment an amount
equivalent to a portion of the transient occupancy tax generated by this
hotel.
The South Main Project Area and the entire City will benefit from the
construction and operation of this hotel with this high level of improvements
and large banquet area.
For these reasons, and because it is appropriate for the South Main Project
Area to maintain as much of its tax increment as is possible in the short
term in order to further the purposes of the Community Redevelopment Law
and the Redevelopment Plan for this Project Area, the Council intends to
make an annual loan to the Agency of an amount equal to its obligation to
the hotel owner.
RESOLUTION NO. 2000-081
PAGE 1 OF 2
378
SECTION 2. The City Council shall consider as part of its annual budget, until the
Agency's obligations under the OPA referenced above expire, provision for an annual
loan to the Agency of an amount equal to the Agency's obligation to the hotel owner
pursuant to said OPA. Nothing contained herein shall be construed to compel the City
Council to fully or partially fund the annual loan payment in any one year. However, the
failure to fund a payment shall not relieve the Citify Council from its obligation to continue
to consider the payment in future years. The City Attorney is directed to prepare, and the
Mayor and Clerk of the Council are authorized to sign, any appropriate loan documents
necessary to effectuate this Resolution.
SECTION 3. This Resolution shall become effective on the same date as the
effective date of the OPA. Should said OPA not become effective, this Resolution shall
be null and void.
ADOPTED this 4th day of December, 2000.
ATTEST: ~~~//~i
Patricia E. Healy
Clerk of the Council
COUNCILMEMBERS:
Pulido Absent
McGuigan Aye
Alvarez Aye
Bist Aye
Christy Aye
Franklin Aye
Solorio Aye
APPROVED AS TO FORM:
Joseph W. Fletcher, City Attorney
BY:An/'Ka uf//~n~
//~hi~f(p~s~istant City Attorney
CERTIFICATE OF ORIGINALITY
I, PATRICIA E. HEALY, Clerk of the Council, do hereby certify the attached Resolution
No. 2000-081 to be the original resolution adopted by the City Council oft~e City of
Santa Ana on December 4, 2000. .-- . . /
Date: /.-~W ~'- O~ ,..._.,./,~'-'L.~-d'~'
Clerk of the Council
RESOLUTION NO. 2000-081
PAGE 2 OF 2