HomeMy WebLinkAbout1993-09 CRA
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RESOLUTION NO. 93-9
A RESOLUTION OF THE COMMUNITY REDEVE-
LOPMENT AGENCY OF THE CITY OF SANTA ANA
APPROVING AN AGREEMENT BETWEEN THE AGEN-
CY AND ORIENT CORPORATION OF AMERICA,
INC.
WHEREAS, the Community Redevelopment Agency of the City of
Santa Ana is engaged in activities necessary to execute and
implement the Redevelopment Plan for the Santa Ana Redevelopment
Project; and
WHEREAS, in order to implement the Redevelopment Plan, the
Agency proposes to convey certain real property in the Project Area
pursuant to the terms and provisions of that certain "Owner
Participation Agreement" between the Agency and Orient Corporation
of America, 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 more specifically described; and
WHEREAS, the Agency has prepared, reviewed and considered a
Summary Report setting forth the cost to the Agency, the estimated
value of the interests to be conveyed determined at the highest
uses permitted under the Redevelopment Plan, and other matters, and
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 conveyance of the Site
pursuant to the Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. The Agreement is hereby approved, and the Chairman of the
Agency is hereby authorized to execute the said Agreement and the
grant deed or deeds pertaining thereto.
2. The Executive Director is hereby authorized to take all
steps, and to sign all other documents and instruments necessary to
implement and carry out the Agreement on behalf of the Agency.
3. The approval of the Agreement by the Agency, as hereinabove
set forth, is conditional upon the approval of the conveyance of
the site upon the terms and conditions contained in the Agreement
by the City Council of the city of Santa Ana.
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ADOPTED this
following vote:
19th
AYES:
Members
NOES:
Members
ABSENT:
Members
ABSTENTIONS:
Members
ATTEST:
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Cyn hia J.~on
Executive Director
APPROVED AS TO FORM:
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Edward J. C pe
Agency Legal ounsel
day of
April
, 1993, by the
Lutz, Mills, Moreno, Pulido Richardson, Young
Norton
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Chairman
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