HomeMy WebLinkAboutCOMMUNITY REDEVELOPMENT AGENCY (43)EJC: adg
10/8/79
AGREEMENT BETWEEN THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY
OF SANTA ANA AND THE CITY OF SANTA
ANA FOR EXCHANGE OF PROPERTY
THIS AGREEMENT, made and entered into this 15+k
day of 1979, by and between the
Community Redevelopment Agency of the City of Santa Ana, a
public body, corporate and politic, hereinafter referred to
as "Agency," and the City of Santa Ana, a municipal
corporation of the State of California, hereinafter referred
to as "City,"
Recitals :
W I T N E S S E T H
A. Agency owns an approximate seventeen thousand
eight hundred fifty (17,850)sq. ft. parcel of unimproved
real property generally located on the northwest corner of
Third Street and Birch Street, Santa Ana, more particularly
described in "Exhibit A," attached hereto and incorporated
herein by reference, which it desires to exchange for real
property hereinafter described owned by City in order to
effectuate that certain agreement between Agency and Steven
J. Keiser and Paula B. Keiser, dated January 15, 1979,
entitled "Participation Agreement," as amended by the "First
Amendment to Participation Agreement," dated September 17,
1979, for the development of property therein described.
B. City owns an approximate twenty-one thousand
eight hundred and eighty-one (21,881) sq. ft. parcel of
improved real property generally located on the northeast
corner of Third Street and Ross Street, Santa Ana, more
particularly described in "Exhibit B," attached hereto and
incorporated herein by reference, which it desires to
exchange for the above described property owned by Agency on
the terms and conditions hereinafter stated.
C. In conjunction with the hereinabove
referenced exchange of property, Agency desires to install
parking lot improvements on the real property described in
"Exhibit A" and on an approximate eight thousand nine
hundred twenty-five (8,925) sq. f t. parcel of property
presently owned by City described in "Exhibit C," attached
hereto and incorporated herein by reference.
WHEREFORE, in consideration of their mutual
covenants and agreements hereinafter contained and made, and
subject to the terms and conditions hereof, the parties
hereto do hereby agree as follows:
1. Agency agrees to convey, by good and
sufficient grant deed, and City agrees to accept that
certain real property located in the City of Santa Ana,
County of Orange, State of California, hereinafter referred
to as "Parcel A," more fully described in said "Exhibit A,"
and City agrees to convey, by good and sufficient grant
deed, and Agency agrees to accept that certain real
property located in the City of Santa Ana, County of Orange,
State of California, hereinafter referred to as "Parcel B,"
more fully described in said "Exhibit B," such conveyances
to be for and in consideration of each other and on the
terms and conditions set forth herein.
2. Agency agrees at its sole cost and expense to
construct or cause to be constructed in accordance with the
technical specifications, standards and practices of City,
parking lot improvement on Parcel A more fully described in
said "Exhibit A," and on that certain real property adjacent
to Parcel A presently owned by City and more fully described
in said "Exhibit C." It is estimated by the parties that
said construction shall cost approximately fifty-five
thousand dollars ($55,000.00), and it is.agreed that it
shall be completed on or before August 31, 1980.
IN WITNESS WHEREOF, the parties hereto have
2.
executed this agreement on the date and year first above
written.
THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA
public body, corporate and
politic
ATTEST:
A
CHAIRMAN
RICHARD E. GOBVIRSCH,
Executive Director,
Community Redevelopment Agency
of the City of Santa Ana
MAYOR
• "CITY"
41%1K OF THE COUNC
APPROVED AS TO FORM:
�a" Y
K TH L. GOW
CITY ATTORNEY
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Executive Directc)r,
d,,,,y Redevelopment & Housin
DATE' 10-11-79 P _1 U 11J, 1, 4228
�� W3i'JEC1" EXCHANGE OF PROPERTY IN KEISER
DEVELOPMENT PROJECT
A P
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PAE(,0111111L J'��I)EU PC I I UN
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Authorize the execution of an' agreement entitled "AGREEMENT BETWEEM. 'I'l-M COMMU-
N I'l " 7Y REDEVE.T..,OPMZ1qT AGENCY OF THE CITY OF SANTA ANA AND THE CITY OF SANTA ANA
FOR FXCHANGE OF PROPERTY".
BACKGROUND:
,i,he Redevelopment Agency and City Council, at their meetings of January 15,
1979, approved an Owner Participation Agreement with Steven J. and Paula B,
Keiser for the development of property fronting on Fourth Street for a dis-
tance of 275 feet easterly from Ross Street and for a parking area fronting
Third Street for a distance of 150 feet easterly from Ross Street.
In order to provide the parking portion of the sales parcel, which is cur-
rently owned by the City and utilized for senior citizen parking, the Agency
agreed to acquire privately owned property at the northwest corner of Third
and Birch and improve it to City parking lot standards for exchange with the
City,,
I7-1he Redevelopment Agency and City Council., at their meetings of September 17,
1979 amended the Owner Participation Agreement with Dr. Keiser to provide [or
the sale of approximately 6,000 additional square feet for parking purposes.
The Agency has acquired the necessary exchange property, and will iTT-1prove it
to City parking lot standards prior to August 31, 1980. In addition, as part
of this project, the Agency will improve an additional 8,925 square feet
owned by the City which will complete the improvement of tile entire parking
area between Ross and Birch Streets.
An agreement covering this exact terms and conditions of the exchange has been
prepared by the City Attorney and is brought to you for approval. The agree-
ment will also be presented to the Redevelopment Agency at its meeting of
October 15, 1979 for a similar action.
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