HomeMy WebLinkAbout1997-05 CRA
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JWF:4116ß7
RESOLUTION NO. 97-5
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AUTHORIZING
THE ACQUISITION OF REAL PROPERTY FROM THE
STATE OF CALIFORNIA.
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 Central city Redevelopment Project Area (the
Redevelopment Plan"); and,
WHEREAS, in furtherance of the Redevelopment Plan the Agency
proposes to acquire certain property in the Project Area from the
State of California (the "State"), identified as Director's Deed
Nos. 073158-01-01, 0731155-01-01 and 073153-01-01 (the "Caltrans
Parcels"), to be utilized for public purposes of the Agency; and,
WHEREAS, the State has offered to sell the Caltrans Parcels to
the Agency for an aggregate purchase price not more than of
$1,500,000, financed on terms of 30% down payment and the balance
payable over 5 years.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. Agency Counsel is directed to prepare, and the Executive
Director of the Agency is hereby authorized and directed to execute
on behalf of the Agency purchase and sale agreements with the State
of California for the abovementioned parcels for terms
substantially consistent with those set forth above and in the
staff report.
2. The Executive Director of the Agency is hereby authorized
to take all steps, and to sign all documents and instruments,
necessary to implement and carry out the purchase of the Caltrans
Parcels on behalf of the Agency, including execution of security
agreements securing the obligations to purchase the Caltrans
Parcels with Agency-owned property.
ADOPTED this
21st
April
, 1997.
day of
AYES:
MEMBERS: ESPINOZA, FRANKLIN, LUTZ, lICGUIGAN,
MORENO, ~U~IDO, RICHARDSON
MEMBERS: None "
NOES:
ABSENT:
MEMBERS None
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ATTEST:
CYN~~
Executive Director/Recording Secretary
APPROVED AS TO FORM:
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