Laserfiche WebLink
<br />r <br />, <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 93-9 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVE- <br />LOPMENT AGENCY OF THE CITY OF SANTA ANA <br />APPROVING AN AGREEMENT BETWEEN THE AGEN- <br />CY AND ORIENT CORPORATION OF AMERICA, <br />INC. <br /> <br />WHEREAS, the Community Redevelopment Agency of the City of <br />Santa Ana is engaged in activities necessary to execute and <br />implement the Redevelopment Plan for the Santa Ana Redevelopment <br />Project; and <br /> <br />WHEREAS, in order to implement the Redevelopment Plan, the <br />Agency proposes to convey certain real property in the Project Area <br />pursuant to the terms and provisions of that certain "Owner <br />Participation Agreement" between the Agency and Orient Corporation <br />of America, Inc., which is on file in the office of the Executive <br />Director of the Agency, in which said real property (hereinafter <br />referred to as the "Site") is more specifically described; and <br /> <br />WHEREAS, the Agency has prepared, reviewed and considered a <br />Summary Report setting forth the cost to the Agency, the estimated <br />value of the interests to be conveyed determined at the highest <br />uses permitted under the Redevelopment Plan, and other matters, and <br />made said Summary Report available for public inspection in <br />accordance with the California Community Redevelopment Law; and <br /> <br />WHEREAS, pursuant to the provisions of the California <br />Redevelopment Law, the Agency and the City Council have held a duly <br />noticed joint public hearing on the proposed conveyance of the Site <br />pursuant to the Agreement; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br />1. The Agreement is hereby approved, and the Chairman of the <br />Agency is hereby authorized to execute the said Agreement and the <br />grant deed or deeds pertaining thereto. <br /> <br />2. The Executive Director is hereby authorized to take all <br />steps, and to sign all other documents and instruments necessary to <br />implement and carry out the Agreement on behalf of the Agency. <br /> <br />3. The approval of the Agreement by the Agency, as hereinabove <br />set forth, is conditional upon the approval of the conveyance of <br />the site upon the terms and conditions contained in the Agreement <br />by the City Council of the city of Santa Ana. <br /> <br />1 <br />