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HomeMy WebLinkAbout1980-026 CRA . . . . EJC:adg 1/15/80 RESOLUTION NO. 80-26 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT 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 MAJOR COMMERCIAL REHABILITATION OWNER PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AND HARRY AND EVELYN GREENBERG FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA REDEVELOPMENT PROJECT; APPROVING THE PROPOSED SALE OF SAID REAL PROPERTY; AND APPROVING THE MAJOR COMMERCIAL REHABILITATION OWNER 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 Major Commercial Rehabilitation Owner Participation Agreement in which said real property is described; and WHEREAS, Harry and Evelyn Greenberg have submitted to the Agency a written offer in the form of said Agreement to purchase the property; and WHEREAS, the proposed Agreement contains all the provisions, terms, conditions and obligations required by state and local law; and WHEREAS, Harry and Evelyn Greenberg possess the qualifications and financial resources necessary to acquire and insure development of the Property, 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 determined 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, 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 the property and the proposed Agreement. 1~ 10 . . . . RESOLUTION NO. 80-26 PAGE TWO NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: 1. The Agency has considered all terms and conditions of the proposed sale and hereby finds and determines that the redevelopment of the Property 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. 2. The Agency hereby finds and determines that the consideration for the sale of the property pursuant to the Major Commercial Rehabilitation Owner participation Agreement between the Agency and Harry and Evelyn Greenberg is not less than the fair market value of the property in accordance with the covenants and conditions governing the sale. 3. The sale of the Property by the Agency to Harry and Evelyn Greenberg and the Major Commercial Rehabilitation Owner participation Agreement which establishes the terms and conditions for the sale and development of the property, are hereby approved. 4. The Chairman of the Agency is hereby authorized to execute the Major Commercial Rehabilitation Owner Participation Agreement and Grant Deeds pertaining thereto. 5. The Executive Director is hereby authorized to take all steps, and to sign all documents and instruments necessary to implement and carry out said Agreement on behalf of the Agency. ADOPTED this 17th day of by the following vote: ,1980, March AYES: MEMBERS: Bricken, Luxembourger, Serrato, Yamamoto NOES: MEMBERS: Markel ABSENT: MEMBERS: Griset, Ward ATTEST: ::~~i:: Executive Director/ Recording Secretary ~#t;j~ APPROVED AS TO FORM: /~¿ KEITH L. GOW Agency Legal Counsel II lA ~