HomeMy WebLinkAbout1980-018 CRA
EJC:adg
2/7/80
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RESOLUTION NO. 80-18
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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 PARTICIPATION AGREEMENT
BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF SANTA ANA AND MOHLER-VISTA
FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL
PROPERTY IN THE SANTA ANA REDEVELOPMENT
PROJECT; 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
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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, Mohler-vista, a general partnership, has
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, Mohler-Vista possesses 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
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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 availa~le 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 previous
Environmental Impact Reports; and
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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.
NOW, THEREFORE, BE iT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
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RESOLUTION NO. 80-18
PAGE TWO
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 participation Agreement between the Agency and Mohler-
vista 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
Mohler-Vista and the 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 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 19th day of
by the following vote:
February
, 1980,
AYES:
Bricken, Griset, Luxembourger,
Serrato, Yamamoto
Markel
MEMBERS:
NOES:
MEMBERS:
ATTEST:
ABSENT: MEMBERS:
ABSTAINED: MEMBERS:
None
Ward
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R~
Executive Director/
Recording Secretary
VICE CHAIRMAN
APPROVED AS TO FORM:
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Agency Legal Counsel
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