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10/25/83
RESOLUTION NO. 83- 137
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 C.M. VENTURE
FOR THE SALE OF CERTAIN REAL PROPERTY IN
THE SANTA ANA REDEVELOPMENT PROJECT AND
APPROVING THE SALE OF SAID REAL PROPERTY
UPON THE TERMS AND CONDITIONS CONTAINED
IN THAT AGREEMENT
WHEREAS, the Community Redevelopment Agency of the
City of Santa Ana is engaged in activities necessary to ex-
ecute and implement the Redevelopment Plan for the Santa Ana
Redevelopment Project; and
WHEREAS, in order to implement the Redevelopment Plan,
the Agency has agreed, subject to the approval of this Council,
to sell certain real property in the Project area, pursuant to
the terms and provisions of that certain Disposition and Develop-
ment Agreement between the Agency and C.M. Venture, which is on
file in the office of the Executive Director of the Agency, in
which said real property (hereinafter referred to as the "Site")
is described; and
WHEREAS, the Agreement contains all the provisions,
terms, conditions and obligations required by state and local
laws; and
WHEREAS, C.M. Venture 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
WHERAS, 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 has made
said Summary Report available for public inspection in accordance
with the California Community Redevelopment Law; and
RESOLUTION NO. 83-137
PAGE TWO
WHEREAS, the Agency has found and determined that the
environmental impact report prepared for the Santa Ana Redevelop-
ment Project is adequate for approval of the Disposition and
Development Agreement, and that no additional environmental impact
report is necessary, and this Council likewise believes said
environmental impact report to be adequate for its use in approv-
ing the terms and conditions of sale of the Site; 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 the
Site and the proposed Agreement;
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 sale
and the redevelopment of the Site pursuant to the Disposition and
Development 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 appli-
cable 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 is not less than the fair market value
of the Site in accordance with covenants and conditions governing
such sale.
3. The sale of the Site by the Agency to C.M. Venture
upon the terms and conditions contained in the Disposition and
Development Agreement is hereby approved.
ADOPTED this 15th day of
zl�Lz
.
anice C. Guy, Xlerrj6f
COUNCILMEMBERS:
Luxembourger Ave
the Council
November
e ourger, M
1983.
Griset Ave
Acosta Aye APP OVED AS T FORM:
Bricken Absent
Johnson Aye
McGuigan -Ty—e Edward C ope , City Attorney
Young Aye