HomeMy WebLinkAbout1978-17 CRA
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BK/k 3-17-78
RESOLUTION NO. 78-17
A RESOULTION OF THE COMMUNITY RE-
DEVELOPMENT AGENCY OF THE CITY
OF SANTA ANA MAKING CERTAIN FINDINGS WITH
RESPECT TO THE CONSIDERATION TO BE RECEIVED
BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF SANTA ANA PURSUANT TO A PARTICIPATION
AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AND HERITAGE
DEVELOPMENT COMPANY FOR THE SALE AND DEVELOP-
MENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA
REDEVELOPMENT PROJECT; APPROVING THE PROPOSED
SALE OF SAID REAL PROPERTY; AND APPROVING THE
PARTICIPATION AGREEMENT PERTAINING THERETO.
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 sell certain real property in the Project area,
pursuant to the terms and provisions of a Participation Agreement
in which said real property is described; and
WHEREAS, Heritage Development Company has submitted to
the Agency a written offer in the form of said Agreement to purchase
the site; and
WHEREAS, the proposed Agreement contains all the provisions,
terms, conditions and obligations required by state and local law;
and
WHEREAS, Heritage Development Company possesses the quali-
fications 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 has prepared, reviewed and considered,
a Summary Report setting forth the cost of the Agreement to the
Agency, the estimated value of the interests to be conveyed de-
termined at the highest uses permitted under the Redevelopment
Plan, and the purchase price, and made said Summary Report available
for public inspection in accordance with the California Community
Redevelopment Law; and
WHEREAS, the Agency has found on the basis of an Initial
Study that said Agreement will not result in substantial changes
in the Project or the circumstances under which the Project is
to be undertaken, that no Negative Declaration, Subsequent Environ-
mental Impact Report, or Supplement to an Environmental Impact
Report is required, and that the proposed action will have no
significant effect on the environment except as identified and
considered in the previous environmental impact report; 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 Site
and the proposed Agreement; and
WHEREAS, the Agency has considered all terms and conditions
of the proposed sale and believes that the redevelopment of the
Site pursuant to the proposed Agreement is in the best interests
of the City and the health, safety, morals and welfare of its
residents, and is in accord with the public purposes and provisions
of the applicable state and local laws.
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RESOULTION NO. 78-17
PAGE TWO
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 Participation
Agreement between the Agency and Heritage Development Company
is not less than the fair market value of the Site in accordance
with the covenants and conditions governing the sale.
2. The Agency hereby finds and determines that the
consideration for sale of the Site pursuant to the Agreement is
necessary to effectuate the purposes of the Redevelopment Plan.
3, The sale of the Site by the Agency to Heritage Develop-
ment Company and the Participation Agreement which establishes
the terms and conditions for the sale and development of the Site,
are hereby approved.
4, The Executive Director of the Agency is hereby
authorized to execute the Participation Agreement,
5, The Executive Director is hereby authorized to take
all steps, and to sign all documents and instruments (including
but not limited to the Grant Deed), necessary to implement and
carry out the Agreement on behalf of the Agency,
ADOPTED this
by the following vote:
,1978,
day of
March
28th
AYES: MEMBERS: Brandt, Bricken, Evans, Garthe,
Ortiz, Ward
NOES: MEMBERS: Yamamoto
ABSENT: MEMBERS: None
ATTEST:
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RICHARD E. GOBLI SCH
Executive Director!
Recording Secretary
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CHAIRMAN
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KEITH L. OW, Agen y
Legal Counsel
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