HomeMy WebLinkAbout78-038BK/k 3-17-78
RESOLUTION NO. 78-38
A RESOULTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA MAKING CERTAIN FINDINGS WITH
RESPECT TO THE CONSIDERATION TO BE RECEIVED
BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF SANTA ANA PURSUANT TO A PARTICIPATION
AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AND HERITAGE
DEVELOPMENTCOMPANY FOR THE SALE AND DEVELOP-
MENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA
REDEVELOPMENT PROJECT; APPROVING THE PROPOSED
SALE OF SAID REAL PROPERTY; AND APPROVING THE
PARTICIPATION AGREEMENT PERTAINING THERETO.
WHEREAS, the Community Redevelopment Agency of the City
of Santa Ana is engaged in activities necessary to execute and
implement the Redevelopment Plan for the Santa Ana Redevelopment
Project; and
WHEREAS, in order to implement the Redevelopment Plan,
the Agency proposes to sell certain real property in the Project
area, pursuant to the terms and provisions of a Participation
Agreement in which said real property is described; and
WHEREAS, Heritage Development Company has submitted to
the Agency a written offer in the form of said Agreement to purchase
the site; and
WHEREAS, the proposed Agreement contains all
terms, conditions and obligations required by state
law; and
the provisions,
and local
WHEREAS, Heritage Development Company possesses the quali-
fications and financial resources necessary to acquire and insure
development of the site, in accordance with the purposes and
objectives of the Redevelopment Plan; and
WHEREAS, the Agency has prepared, and the City Council
has reviewed and considered, a Summary Report setting forth the
cost of the Agreement to the Agency, the estimated value of the
interests to be conveyed determined at the highest uses permitted
under the Redevelopment Plan, and the purchase price, and made
said Summary Report available for public inspection in accordance
with the California Community Redevelopment Law; and
WHEREAS, the City Council has found on the basis of an
Initial Study that said Agreement will not result in substantial
changes in the Project or the circumstances under which the Project
is to be undertaken, that no Negative Declaration, Subsequent
Environmental Impact Report, or Supplement to an Environmental
Impact Report is required, and that the proposed action will have
no significant effect on the environment except as identified
and considered in the previous environmental impact report; and
WHEREAS, 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 Site
and the proposed Agreement; and
WHEREAS, the City Council has considered all terms and
conditions of the proposed sale and believes that the redevelopment
of the Site pursuant to the proposed Agreement is in the best
interests of the City and the health, safety, morals and welfare
of its residents, and is in accord with the public purposes and
provisions of the applicable state and local laws.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF SANTA ANA, AS FOLLOWS:
1. The City Council hereby finds and determines
that the consideration for the sale of the Site pursuant to
the Participation Agreement between the Agency and Heritage
Development Company is not less than the fair market value of
the Site in accordance with the covenants and conditions governing
the sale.
2. The City Council hereby finds and determines
that the consideration for sale of the Site pursuant to the
Agreement is necessary to effectuate the purposes of the Re-
development Plan.
3. The sale of the Site by the Agency to Heritage
Development Company and the Participation Agreement which
establishes the terms and conditions for the sale and development
of the Site, are hereby approved.
ADOPTED this28th day of March ,
1978, by the following vote:
Brandt,
AYES: COUNCILMEN:
Ward, Bricken, Ortiz,
Evans, Garthe
NOES:
ABSENT:
ATTEST:
~OR~NC~
COUNCILMEN:
COUNCILMEN:
Yamamo7
MAYOR
O~ THE COUNCIL
APPROVED AS TO FORM: