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RESOLUTION NO. CRA 2009-001
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA APPROVING A
DISPOSITION AND DEVELOPMENT AGREEMENT
BETWEEN THE AGENCY AND RSI DEVELOPMENT, LLC
BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF SANTA ANA, AS FOLLOWS:
Section 1: The Board of the Community Redevelopment Agency of the City of
Santa Ana hereby finds, determines and declares as follows:
A. The Community Redevelopment Agency of the City of Santa Ana
(hereinafter referred to as the "Agency") is engaged in activities necessary
to execute and implement the Redevelopment Plan for the Merged
Redevelopment Project Areas (the "Redevelopment Plan"), including
strengthening of public-private partnerships to provide more affordable
housing, and particularly to provide decent, safe, sanitary, and affordable
housing to the lower income citizens of the City of Santa Ana.
B. In order to implement the Redevelopment Plan, the Agency has agreed,
subject to the approval of the City Council, to sell certain real property
located at 1112 and 1118 S. Orange Street (the "Property") pursuant to the
terms and provisions of a Disposition and Development Agreement
(hereinafter referred to as the "Agreement") between the Agency and RSI
Development, LLC, which is on file in the office of the Executive Director of
the Agency, in which said real property, is described.
C. RSI Development, LLC, proposes to construct and sell these two homes to
qualified Low Income Households. The term of affordability on each of the
homes will be for forty-five years.
D. The Agreement contains all of the provisions, terms, conditions and
obligations required by the state and local laws.
E. RSI Development, LLC, possesses the qualifications and financial
resources necessary to acquire and insure development of the Properties,
in accordance with the purpose and objectives of the Redevelopment Plan.
F. 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.
Resolution No. eRA 2009-001
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Section 2. The Disposition and Development Agreement is hereby approved,
and the Executive Director of the Agency is hereby authorized to execute the Agreement,
with such non-substantive changes as may be approved by Agency's General Counsel.
Section 3. The Executive Director of the Agency is hereby authorized to take all
steps, and to sign all documents and instruments necessary to implement and carry out
the Agreement on behalf of the Agency.
ADOPTED this 5th day of January. 2009.
APPROVED AS TO FORM:
Joseph W. Fletcher, General Counsel
BY:~- ('~
Lisa E. Storck
Assistant Counsel
AYES: Councilmembers: Alvarez, Benavides. Bustamante. Martinez,
Pulido. Sarmiento. Tinaiero (7)
NOES: Councilmembers: None (0)
ABSTAIN: Council members: None (0)
NOT PRESENT: Councilmembers: None (0)
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Secretary of the Agency, do hereby attest to and certify the
attached Resolution No. CRA 2009-001 to be the original resolution adopted by the
Community Redevelopment Agency of the City of Santa Ana on January 5. 2009.
,'--'J
Date:
j-f/7- t/7
I
,
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Recording Secretary
Community Redevelopment Agency
City of Santa Ana
Resolution No. eRA 2009-001
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