HomeMy WebLinkAbout1991-10 CRA
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REL: 10/14/91
RESOLUTION NO. 9l-10
A RESOLUTION OF THE COMMUNITY REDEVE-
LOPMENT AGENCY OF THE CITY OF SANTA ANA,
APPROVING A DISPOSITION AND DEVELOPMENT
AGREEMENT BETWEEN THE COMMUNITY REDE-
VELOPMENT AGENCY OF THE CITY OF SANTA
ANA AND HISTORIC FRENCH PARK ASSOCIA-
TION, INC.; MAKING CERTAIN FINDINGS WITH
RESPECT TO THE CONSIDERATION TO BE RE-
CEIVED BY THE AGENCY PURSUANT TO SAID
AGREEMENT; AND AUTHORIZING THE EXECUTION
AND IMPLEMENTATION OF SAID DISPOSITION
AND DEVELOPMENT AGREEMENT
WHEREAS, the Community Redevelopment Agency of the city of
Santa Ana (the "Agency") is engaged in activities necessary to
develop low and moderate income housing in the City of Santa Ana
pursuant to the Community Redevelopment Law; and
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
Redevelopment Plan; and
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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 available for public
inspection in accordance with the California Community
Redevelopment Law; and
WHEREAS, the summary and report have been considered by Agency
staff, and the staff has satisfied the Agency that the sale and the
DDA are feasible; 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 Agency 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 Community Redevelopment
Agency of the city of Santa Ana as follows:
1. The Agency 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 Agency hereby finds and determines that the
consideration for the sale of the site pursuant to said DDA is
necessary to effectuate the Agency I 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.
4. The Chairman of the Agency is hereby authorized to execute
the DDA.
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5. The Executive Director (or designee) is hereby authorized
to take all steps, and to sign all documents and instruments on
behalf of the Agency necessary and appropriate to implement and
carry out the provisions of the DDA and related documents, and the
conveyance of the site pursuant to the DDA.
ADOPTED this
by the following vote:
19th
November
,1991,
day of
AYES:
MEMBERS: ACOSTA, GRISET, MCGUIGAN, NORTON, PULIDO
NOES:
MEMBERS:
ABSENT:
MEMBERS:
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D L. YOUNG
Chairman
ATTEST:
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CY HIA J. LSON
Executive Director
APPROVED AS TO FORM:
E:?~
Agency Legal Counsel
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