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4/12/07 LES RESOLUTION NO. CRA 2007-002 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING THE SALE OF AGENCY OWNED PROPERTY LOCATED AT 612,614,622,714 E. SANTA ANA BOULEVARD AND 217- 219 E. BIRCH STREET AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE DOCUMENTS AS NECESSARY; AND MAKING CERTAIN FINDINGS WITH RESPECT THERETO, ON BEHALF OF THE AGENCY 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") has purchased a number of properties over the years for the development of low and moderate income housing. B. California Community Redevelopment law (Health and Safety Code section 33334.16) currently restricts the length of time that an Agency can hold land for future development to ten years. The properties located at 612, 614, 622, 714 E. Santa Ana Boulevard and 217-219 E. Birch Street (lithe Property") exceeds the legal time limit. C. The Agency has agreed, subject to the approval of the City Council, to sell said real properties at their current appraised values, pursuant to the terms and provisions of a Purchase/Sale Agreement (hereinafter referred to as the "Agreement") between the Agency and the City of Santa Ana, which is on file in the office of the Executive Director of the Agency, in which said real property is described. D. The Agreement contains all of the provisions, terms, conditions and obligations required by state and local laws. E. The proposed sale of the Property is exempt from further review and in accordance with the California Environmental Quality Act, categorical exemption ER No.'s 2007-61, 2007-62 and 2007-75 will be filed for these projects. Resolution No. eRA 2007-002 Page 1 of 3