HomeMy WebLinkAbout75-026RESOLUTION NO. 75-26
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA ANA AMENDING RESOLUTION
NO. 75-23 APPROVING AN INCREASE IN THE
PRICE OF ACQUISITION FOR THOSE PARCELS
SPECIFIED FOR THE PURPOSE OF ASSEMBLING
A SITE IN THE CITY OF SANTA ANA REDEVELOP-
MENT PROJECT AREA BY THE COMMUNITY RE-
DEVELOPMENT AGENCY FOR SENIOR CITIZENS
HOUSING
WHEREAS, on February 18, 1975, the City Council of the
City of Santa Ana adopted Resolution No. 75-23 approving
an appraised value for certain parcels constituting a part
of the Senior Citizens Housing site as follows: Parcel
008-161-01, $25,000; Parcel 008-161-02, $24,500; Parcel
008-161-03, $33,000; Parcel 008-161-05, $38,000; and
WHEREAS, it is the desire of the City Council to
amend Resolution No. 75-23 by increasing the authorized
acquisition price for aforesaid parcels as follows:
Assessor's Parcel 008-161-01, $25,500, an increase of
$500; Parcel 008-161-02, $25,000, an increase of $500;
Parcel 008-161-03, $35,000, an increase of $2,000; Parcel
008-161-05, $40,000, an increase of $2,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Santa Ana that Resolution No. 75-23 of the City
Council is hereby amended as follows:
1. That the Finance Director of the City of Santa
Ana, as authorized by the City Manager, is hereby authorized
to disburse funds from the City Council-Redevelopment Agency
Revolving Fund, 109-134, Activity 611-Land, for the acquisi-
tion of the following described parcels of real property for
the following described amounts as appraised by John Donahue,
a qualified real estate appraiser, for the purpose of assembling
a site for Senior Citizens Housing:
ASSESSOR'S APPRAISED
PARCEL NO. ADDRESS VALUE
008-161-01
430 W. Second Street
Santa Ana, California
$25,500.00
008-161-02
426 W. Second Street
Santa Ana, California
25,000.00
008-161-03
424 W. Second Street
Santa Ana, California
35,000.00
008-161-05
412 W. Second Street
Santa Ana, California
40,000.00
BE IT FURTHER RESOLVED that the expenditure of said
monies on behalf of the Community Redevelopment Agency of the
RESOLUTION NO. 75-26
PAGE TWO
City of Santa Ana is hereby declared to be a loan from the City
of Santa Ana to the Community Redevelopment Agency, pursuant to
the terms of that certain agreement dated March 12, 1973, be-
tween the Community Redevelopment Agency of the City of Santa
Ana and the City of Santa Ana specifying that said loan shall
be repaid by the Agency to the City Council-Redevelopment Agency
Revolving Fund at such time as the Agency may be able to
repay with interest at seven percent per annum.
BE IT FURTHER RESOLVED that Resolution No. 75-23 is
hereby confirmed in its entirety except as amended heretofore.
PASSED AND ADOPTED by the City Council of the City of
Santa Ana at its adjourned regular meeting held on the
10th day of March , 1975.
ATTEST: ~
MAYOR
CLERK OF THE COUNCIL
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF SANTA ANA )
I, FLORENCE I. MALONE, do hereby certify that I am the
Clerk of the Council of the City of Santa Ana; that the fore-
going Resolution was introduced to said Council at its adjourned
regular meeting held on the 10th day of
March , 1975, and was at said meeting passed
and adopted by the following vote, to wit:
AYES: COUNCILMEN:
NOES: COUNCILMEN:
Bricken, Ward, Yamamoto, Evans,
Garthe, Griset
Markel
ABSENT: COUNCILMEN: None
APPROVED AS TO FORM:
~EY
3-5-75
CLERK OF THE COUNCIL