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RESOLUTION NO. 75-8
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A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AMENDING
RESOLUTION NO. 75-7 APPROVING AN INCREASE
IN THE PRICE OF ACQUISITION FOR THOSE PAR-
CELS SPECIFIED FOR THE PURPOSE OF ASSEMBLING
A SITE IN THE CITY OF SANTA ANA REDEVELOPMENT
PROJECT AREA BY THE COMMVNITY REDEVELOPMENT
AGENCY FOR SENIOR CITIZENS HOUSING
WHEREAS, on February 18, 1975, the Community Redevelop-
ment Agency of the City of Santa Ana adopted Resolution No.
75-7 finding that the public interest, convenience and nec-
essity required, and the Agency ordered, the acquisition
by the Community Redevelopment Agency of certain parcels for
assembling the Senior Citizens Housing site; and
WHEREAS, said Resolution No, 75-7 approved an appraised
value for certain parcels constituting a part of the Senior
Citizens Housing Site as follows: Parcel 008-161-01, $25,000;
Parcel 008-161-02, $24,500; Parcel 008-161-03, $33,000; and
Parcel 008-161-05, $38,000; and .
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WHEREAS, it is the desire of the Community Redevelopment
Agency of the City of Santa Ana to amend Resolution No. 75-7
by increasing the authorized acquisit.ion price for the afore-
said parcels as follows: Assessor's Parcel 008-161-01, $25,500,
an increase of $500; Parcel 008-161-02, $25,000, an increase
of $500; Parcel 008-161-03, $35,000, an increase of $2,000; and
Parcel 008-161-05, $40,000, an increase of $2,000.
NOW, THEREFORE, BE IT RESOLVED by the Community
Redevelopment Agency of the City of Santa Ana that Resolution
No. 75-7 of the Community Redevelopment Agency is hereby
amended as follows:
1, That the Executive Director of this Agency be,
and he is hereby authorized, empowered and directed to open
an escrow for the purchase by this Agency of the fee simple
estates for the following described parcels for the amounts
so indicated:
ASSESSOR'S APPRAISED
PARCEL NO. ADDRESS VALUE
008-161-01 430 W. Second Street $25,500.00
Santa Ana, California
. 008-161-02 426 W. Second Street 25,000.00
Santa Ana, California
008-161-03 424 W. Second Street 35,000.00
Santa Ana, California
008-161-05 412 W.Second Street 40,000.00
Santa Ana, California
subject only to the encumbrances stated in Resolution No. 75-7,
for cash, in which escrow general and special County and City
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RESOLUTION NO. 75-8
PAGE TWO
property taxes for the fiscal year 1974-1975 shall be prorated
to the close of escrow, and the Agency will pay in full the
escrow fee, the cost of the policy of title insurance, and all
other incidental expenses related to the purchase of said real
property.
BE IT FURTHER RESOLVED that said property shall be
purchased with cash through escrow, as provided from the City
of Santa Ana City Council-Redevelopment Agency Revolving
Fund 109-134.
BE IT FURTHER RESOLVED that the Agency hereby confirms
that the monies disbursed from the City of Santa Ana City
Council-Redevelopment Agency Revolving Fund for the purchase
of said properties is hereby declared to be a loan by the City
of Santa Ana to the Redevelopment Agency, and the Agency hereby
confirms its agreement to pay the amount of said loan to the
City of Santa Ana according to the terms and conditions of
that certain agreement dated March 12, 1973, between the City
of Santa Ana and the Community Redevelopment Agency of the
City of Santa Ana which provides that budgetary appropriations
made by the City to the Agency shall be considered a loan to
the Agency from the City and shall be repaid by the Agency at
such time as the Agency is able to repay said loan with interest
at seven percent per annum.
BE IT FURTHER RESOLVED that Community Redeve10pment
Agency Resolution No. 75-7 is hereby confirmed in its entirety
except as amended herein,
PASSED AND ADOPTED by the Community Redevelopment
Agency of the City of Santa Ana at its ~
meeting held on the ~ day of March , 1975.
ATTEST:
VE
;e2/ d/~
RICHARD GOBLIRSCH,
Executive Director and
Recording Secretary
APPROVED AS TO LEGAL FORM:
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RESOLUTION NO. 75-8
PAGE THREE
STATE OF CALIFORNIA)
COUNTY OF ORANGE) ss.:
CITY OF SANTA ANA)
I hereby certify that the foregoing resolution was duly
adopted by the Community Redevelopment Agency of the City of
Santa Ana, California, at a ~ meeting thereof,
held on the 12 day of March , 1975, by the
following vo~o wit:
AYES:
NOES:
MEMBERS: Evans, Griset, Ward, Bri.cJœn, YamaIIDto
Garthe , Markel
MEMBERS: None
ME MB ERS: None
ABSENT:
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Richard Goblirsch, Executive Director
and Recording Secretary
CJL/ms
3-6-75