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.. ~'. ' RESOLUTION NO. 2000-06 . A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING AN OWNER PARTICIPATION AGREEMENT WITH IMPERIAL HOTEL GROUP, LLC BE IT RESOLVED BY THE BOARD MEMBERS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: I. Findings. The Community Redevelopment Agency of the City of Santa Ana finds, determines and declares as follows: a. Pursuant to Health & Safety Code § 33380, the Community Redevelopment Agency of the City of Santa Ana ("Agency") must allow owner participation in redevelopment project areas. b. Imperial Hotel Group, LLC is an owner in the Agency's South Main Redevelopment Project Area and desires to construct an approximately 251 room hotel on its property. . c. The Agency finds that approval of an Owner Participation Agreement (OP A) between the Agency and this owner will serve to: (i) effectuate the Redevelopment Plan, specified in Section 102 of this OP A, by providing for the rehabilitation and redevelopment of a portion of the South Main Redevelopment Project Area; (ii) provide for a modem, attractive, and first class business hotel, with approximately 8,130 square feet of banquet and ballroom facilities in order to serve MacArthur Place and the City of Santa Ana as a whole; (iii) implement SD 43, adopted by the City of Santa Ana; and (iv) provide the tenus and conditions by which Owner can develop its first class hotel facility with approximately 8,130 square feet ofbaiJ.quet and ballroom facilities. d. The Agency fmds that the rehabilitation and redevelopment by the owner pursuant to this OPA, and the fulfillment generally of this OPA, are in the vital and best interest of the City and the health, safety, morals, andwelfare of its residents, and in accord with the public purposes and provisions of applicable laws and requirements. . .