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HomeMy WebLinkAbout1998-08 CRA . RESOLUTION NO. 98-8 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE AGENCY AND THE SAINT JOSEPH BALLET COMPANY. WHEREAS, the Community Redevelopment Agency of the City of Santa Ana (hereinafterreferred to as the "Agency") is engaged in activities necessary to execute and implement the Redevelopment Plan for the Central City RedevelopmentProjectArea (the Redevelopment Plan"); and, WHEREAS, in furtherance of the Redevelopment Plan the Agency proposes to convey said certain property in the Project Area pursuant to the terms and provisions of that certain "Disposition and Development Agreement" (the "Agreement") between the Agency and The Saint Joseph Ballet Company (the "Developer") which is on file in the office of the Executive Director of the Agency, in which said real property (the "Site") is described; and 8 WHEREAS, the Developer bas submitted to the Agency a written offer to purchase the Site in the form of the Agreement; and WHEREAS, the Agreement contains all of the provisions, terms, conditions and obligations required by state and local law; and WHEREAS, the Developer represents that it possesses the qualifications and financial resources necessary to acquire and insure development of the Site, in accordance with the purposes and objectives of the Redevelopment Plan; and WHEREAS, the Agency bas prepared, a Summary Report setting forth the cost of the Agreement to the Agency, the estimated value of the interests to be conveyed determined at the highest uses permitted under the Redevelopment Plan, and the purchase price, and made said Summary Report and the Agreement available for public inspection and copying 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 sale of the Site pursuantto the Agreement; and WHEREAS, the Agency bas reviewed and considered the environmental impact report prepared by the City of Santa Ana for the of the proposed Agreement and found that it is adequate for the Agreement. . NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: . I. The Agency has considered all the terms and conditions of the proposed sale and hereby finds and determines that the redevelopment of the Property pursuant to the Agreement is in the best interest of the community and the health, safety and welfare of its residents, and is in accord with the public purposes and provisions of the applicable state and local laws. 2. The Agreement is hereby approved, and the Chairman of the Agency is hereby authorized to execute the Agreement, with such non-substantive changes as may be approved by Agency Counsel. 3. 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 Agreement on behalf of the Agency. 4. The approval of the Agreement by the Agency, as hereinabove set forth, is conditional upon the approval of the sale of the site upon the terms and conditions contained therein by the City Council the City of Santa Ana. ADOPTED this --1ui day of AU"UQt , 1998. 8 AYES: MEMBERS: Espinoza, Franklin, Lutz, l1cGuigan, Moreno, Richareson MEMBERS: None NOES: ABSENT: MEMBEIlS Pulido ATIEST: ~~ CynthiaJ. NeIsonExecutive Director/Recording Secretary ~ .