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10/4/79
RESOLUTION NO. 79-185
A RESOLUTION 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 DISPOSITION AND DEVELOPMENT AGREEMENT
BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF SANTA ANA AND ROSS AND FIFTH
DEVELOPMENT COMPANY FOR THE SALE AND
DEVELOPMENT OF CERTAIN REAL PROPERTY IN THE
SANTA ANA REDEVELOPMENT PROJECT; APPROVING
THE PROPOSED SALE OF SAID REAL PROPERTY;
AND APPROVING THE DISPOSITION AND DEVELOPMENT
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
Disposition and Development Agreement in which said real
property is described; and
WHEREAS, Ross and Fifth 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 the
provisions, terms, conditions and obligations required by
state and local law; and
WHEREAS, Ross and Fifth Development Company
possesses the qualifications 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, 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
proposed Sale of Site and the proposed Agreement.
on the
RESOLUTION NO. 79-185
PAGE TWO
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. The City Council has considered all terms and
conditions of the proposed sale and hereby finds and
determines 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.
2. The City Council hereby finds and determines
that the consideration for the sale of the Site pursuant to
the Disposition and Development Agreement between the Agency
and Ross and Fifth Development Company is less than the fair
market value of the Site determined at the highest use
permitted under the Redevelopment Plan, but that such lesser
consideration is necessary to effectuate the purposes of the
Redevelopment Plan.
3. The sale of the Site by the Agency to Ross
and Fifth Development Company and the Disposition and
Development Agreement which establishes the terms and
conditions for the sale and development of the Site, are
hereby approved.
ADOPTED this 17th day of December , 1979, by
the following vote:
AYES: COUNCILMEN:
NOES: COUNCILMEN:
Bricken, Griset, Luxembourger,
Serrato, Ward, Yamamoto
Markel
ABSENT: COUNC I LMEN: None
ATTEST:
APPROVED AS TO FORM:
KEITH L. GOW
City Attorney