HomeMy WebLinkAbout2011-020 - Redevelopment Agency of the City of Santa Ana Pursant to a DispositionRESOLUTION NO. 2011-020
A RESOLUTION OF THE CITY COUNCIL 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 DISPOSITION AND
DEVELOPMENT AGREEMENT BETWEEN THE
AGENCY AND VISTA DEL RIO HOUSING
PARTNERS, L.P., FOR THE SALE OF CERTAIN
REAL PROPERTY AND APPROVING THE SALE
OF SAID REAL PROPERTY UPON THE TERMS
AND CONDITIONS CONTAINED IN THAT
AGREEMENT
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS
FOLLOWS:
Section 1: The City Council 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 Projects, 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
proposes to sell said real property located at 1600 W. Memory Lane (the
Property) pursuant to the terms and provisions of a Disposition and
Development Agreement (hereinafter referred to as the "Agreement")
between the Agency and Vista del Rio Housing Partners, L.P., a limited
partnership ("Developer'), which is on file in the office of the Executive
Director of the Agency.
C. Developer plans to develop a 41 unit, handicapped accessible
affordable rental housing project on the 3.2 acre vacant site owned by the
Agency. The term of affordability for such units will be fifty-five (55) years.
D. The consideration for the Property is not less than the fair market
value of the land at the use and with the long term affordability covenants
Resolution No. 2011-020
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and conditions and development costs authorized by the sale.
E. The Agreement contains all of the provisions, terms, conditions and
obligations required by the state and local laws, as well as long-term
affordability covenants benefiting the Agency and the community.
F. Developer possesses the qualifications and financial resources
necessary to acquire and insure development of the Property as the 41
units shall be rented to qualified low income persons in accordance with the
purpose and objectives of the Redevelopment and Implementation Plan.
G. 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 in compliance with Health and Safety
Code section 33433.
Section 2. The City Council has considered all terms and conditions of the
proposed sale to Developer and hereby finds and determines that the sale and
development of the Property pursuant to the Agreement is in the best interest of the City
of Santa Ana and the health, safety and welfare of its residents, and is in accord with the
public purpose and provisions of the applicable state and local laws.
Section 3. The City Council hereby finds and determines that the consideration
for the sale of the Property pursuant to the Disposition and Development Agreement is
not less than the fair market value of the Property determined in accordance with the
covenants and conditions governing the sale.
Section 4. The sale of the Property by the Agency to Developer upon the terms
and conditions contained in the Agreement is hereby approved.
Section 5. The Clerk of the Council shall attest to and certify the vote adopting
this Resolution.
Resolution No. 2011-020
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ADOPTED this 21St day of March 2011.
APPROVED AS TO FORM:
Joseph Straka, Interim Interim City Attorney
By: / 4Y
Lisa E. Storck
Assistant City Attorney
YES: Councilmembers: Benavides Martinez Tinaiero, Sarmiento (4)
NOES: Councilmembers: Alvarez Bustamante Pulido (3)
ABSTAIN: Councilmembers: None (0)
NOT PRESENT: Councilmembers: None (0)
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, MARIA D. HUIZAR, Clerk of Council, do hereby attest to and certify the attached
Resolution No. 2010-020 to be the original resolution adopted by the City Council of the
City of Santa Ana on March 21, 2011.
Date:
Clerk of Council
City of Santa Ana
Resolution No. 2011-020
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