HomeMy WebLinkAbout1981-038 CRA
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5/6/81
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RESOLUTION NO. 81-38
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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 COMMERCIAL REHABILITATION
PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA
AND ODELLE MARKS, BLANCHE ANN MARKS, AND
RONALD A. MARKS FOR THE SALE AND REHABILITATION
OF CERTAIN REAL PROPERTY IN THE SANTA ANA
REDEVELOPMENT PROJECT; APPROVING THE PROPOSED
SALE OF SAID REAL PROPERTY; AND APPROVING
THE COMMERCIAL REHABILITATION 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 the leasehold interest in
certain real property in the Project area, pursuant to the
terms and provisions of a Commercial Rehabilitation
Participation Agreement in which said real property is
described; and
WHEREAS, Odelle Marks, Blanche Ann Marks, and
Ronald A. Marks have submitted to the Agency a written offer
in the form of said Agreement to purchase the said leasehold
interest; and
WHEREAS, the proposed Agreement contains all the
provisions, terms, conditions and obligations required by
state and local law; and
WHEREAS, Odelle Marks, Blanche Ann Marks, and
Ronald A. Marks possess the qualifications and financial
resources necessary to insure rehabilitation of the Site, 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 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
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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;
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RESOLUTION NO. 81-38
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 rehabilitation 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 leasehold interest in
the Site pursuant to the Commercial Rehabilitation
Participation Agreement between the Agency and Odelle Marks,
Blanche Ann Marks, and Ronald A. Marks is less than the fair
market value of the said leasehold interest, determined at
the highest use permitted under the Redevelopment Plan, but
that such lesser consideration is necessary to effectuate
the purposes of the Redevelopment Plan.
3. The sale of the leasehold interest in the
Site by the Agency to Odelle Marks, Blanche Ann Marks, and
Ronald A. Marks and the Commercial Rehabilitation
Participation Agreement which establishes the terms and
conditions for the sale and development of the Site, are
hereby approved. '
4. The Chairman of the Agency is hereby
authorized to execute the Commercial Rehabilitation
Participation Agreement.
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 18th day of
by the following vote:
May
, 1981,
AYES:
MEMBERS: Griset, Acosta, Ser~ato, Bricken,
Luxembourger & McGulgan
MEMBERS: None
MEMBERS: Markel
NOES:
ABSENT:
ATTEST:
~;?~
/ CHAIRMAN
APPROVED AS TO FORM: