HomeMy WebLinkAbout080607 PH Agmt for Sale Real Prop Escrow Inst CDA and Martin InvestREQUEST FOR AGENCY/
COUNCIL ACTION
MEETING DATE:
AUGUST 6, 2007
TITLE:
PUBLIC HEARING - AGREEMENT FOR SALE OF
REAL PROPERTY AND ESCROW INSTRUCTIONS
BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY
AND MARTIN INVESTMENT COMPANY FOR REMNANT
PARCEL IN THE MERGED REDEVELOPMENT PROJECT
AREA
CITY MANAGER OXECU VE DIRECTOR
RECOMMENDED ACTION
CITY COUNCIL ACTION
CLERK OF COUNCIL USE ONLY:
APPROVED
®
As Recommended 7*p
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As Amended
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Ordinance on 1 st Reading
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Ordinance on 2nd Reading
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Implementing Resolution
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Set Public Hearing For
CONTINUED TO
FILE NUMBER
Adopt a resolution making certain findings with respect to the
consideration to be received by the Community Redevelopment Agency
pursuant to an Agreement for Sale of Real Property and Escrow
Instructions between the Community Redevelopment Agency and Martin
Investment Company, a California Limited Partnership, for the sale of
certain real property in the Merged Redevelopment Project Area generally
located in the 1300 block of S. Ritchey, and approving the sale of said
real property upon the terms and conditions contained in that Agreement.
COMMUNITY REDEVELOPMENT AGENCY ACTION
C'�Aa w I'COH
Adopt a resolution approving an Agreement for Sale of Real Property and
Escrow Instructions with Martin Investment Company, a California Limited
Partnership, for property generally located in the 1300 block of S.
Ritchey.
DISCUSSION
In the mid 1980s, the Redevelopment Agency acquired land from Santa Fe
Railroad for development of the Santa Ana Auto Mall. Part of that
acquisition included a remnant strip of land (rail spur) on the west side
of Ritchey Avenue across from the Auto Mall, Exhibit 1. Martin
Investment Company (Buyer) owns several parcels of land immediately south
of the Agency owned property. In order to maximize the development
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P. H. - Agreement
Real Property and
Martin Investment
August 6, 2007
Page 2
for Sale of
Escrow Instructions -
Company
options, they propose to purchase the Agency owned parcel and incorporate
it into their project. Martin Investment Company has received Site Plan
approval and is currently in plan check for a development consisting of
three new industrial buildings totaling 31,900 square feet. There is an
existing 24,010 square foot industrial building that will remain on the
adjacent site currently owned by the Buyer. The project will also
include consolidation of the lots.
The remnant parcel owned
and is consistent with th e
parcel has been appraised
The highest and best use
southerly parcel.
ENVIRONMENTAL COMPLIANACE
by the Agency is zoned M -1 (light industrial)
proposed development. The 22,005 square foot
for $350,000 by an independent fee appraiser.
of the property is assemblage to the adjacent
In accordance with the California Environmental Quality Act, this project
is exempt from further review. Categorical Exemption ER No.2007 -105 will
be filed for this project.
FISCAL IMPACT
Proceeds from the sale of the property to the Redevelopment Agency in the
amount of $350,000 will be deposited in the Merged Redevelopment Sale of
Land account (account no. 570 -01- 5721).
APPROVED AS TO FUNDS AND ACCOUNTS:
Nancy T. Edwards Francisco Gutierrez �IA) °
Assistant Director executive Director
Community Development Agency Finance and Management Services Agency
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Exhibit 1
7/23/07 LES
RESOLUTION NO. 2007- 009
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF SANTA ANA APPROVING THE SALE OF AGENCY
OWNED PROPERTY GENERALLY LOCATED IN THE 1300 BLOCK
OF SOUTH RITCHEY AVENUE, SANTA ANA, CALIFORNIA; AND
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE
DOCUMENTS AS NECESSARY
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 ") purchased the property generally
located in the 1300 block of South Ritchey Avenue in the 1980's from
Santa Fe Railroad for development of the Santa Ana Auto Mall located in
the Merged Redevelopment Project Area.
B. Part of that acquisition included a remnant strip of land on the west
side of Ritchey Avenue across from the Santa Ana Auto Mall. Martin
Investment Company (Buyer) owns several parcels of land adjacent to the
Agency owned property.
C. In order to maximize the development of the site, Buyer proposes
to purchase the Agency owned parcel (the Remnant Parcel) and
incorporate it into their development project. Buyer's project has received
Site Plan approval and is currently in plan check for a development
consisting of three new industrial buildings totaling 31,900 square feet.
There is an existing 24,010 square foot industrial building that will remain
on the adjacent site currently owned by Buyer. The project will also
include consolidation of the lots by the Buyer.
D. The Remnant Parcel owned by the Agency is zoned M -1 (light
industrial) and is consistent with the proposed development.
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7/23/07 LES
E. The 22,050 square foot Remnant Parcel has been appraised at
$350,000.00 by an independent fee appraiser. The highest and best use
of the Remnant Parcel is assemblage to the adjacent southerly parcel
owned by Buyer.
F. The Agency has agreed, subject to the approval of the City Council,
to sell said Remnant Parcel at its current appraised value, pursuant to the
terms and provisions of a Sale Agreement (hereinafter referred to as the
"Agreement ") between the Agency and the Buyer, which is on file in the
office of the Executive Director of the Agency, in which said Remnant
Parcel is described.
G. The Agreement contains all of the provisions, terms, conditions and
obligations required by state and local laws.
H. The proposed sale of the Remnant Parcel is exempt from further
review and in accordance with the California Environmental Quality Act,
categorical exemption ER No.'s 2007 -105 will be filed for this project.
I. 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 Remnant Parcel pursuant to the Agreement.
Section 2. The Sale 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 Agreements on behalf of the Agency.
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ADOPTED this day of 2007.
Miguel A. Pulido
Chair
APPROVED AS TO FORM:
Joseph W. Fletcher, General Counsel
By:
Lisa E. Storck
Assistant General Counsel
AYES: Boardmembers:
NOES: Boardmembers:
ABSTAIN: Boardmembers:
NOT PRESENT: Boardmembers:
7/23/07 LES
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Secretary of the Agency, do hereby attest to and certify the
attached Resolution No. 2007- to be the original resolution adopted by the
Community Redevelopment Agency of the City of Santa Ana on
Date:
Secretary, Community Redevelopment Agency
City of Santa Ana
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