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2/6/80
RESOLUTION NO. 80- 35
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 SANTORA PARTNERS
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, Santora Partners, a limited partnership,
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, Santora Partners 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 the Site and the proposed Agreement.
on the
RESOLUTION NO. 80-35
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 Santora Partners, a limited partnership, 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
Santora Partners, a limited partnership, 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 19th day of February ,
1980, by the following vote:
AYES: COUNCILMEN: Griset, Luxembourger, Serrato,
Ward, Yamamoto
NOES: COUNCILMEN: Bricken Markel
ABSENT: COUNCILMEN: None
ATTEST:
APPROVED AS TO FORM:
KEITH L. GOW
CITY ATTORNEY