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HomeMy WebLinkAbout84-171P~L: adg 12~13~84 RESOLUTION NO. 84- 171 A RESOLUTION OF THE CITY COUNCIL OP T~E 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 LEASE, OPTION AND DEVELOPMENT AGREEMENT (PARCEL 4) BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AND THOMAS M. LANDOLF FOR THE LEASE AND/OR SALE OF CERTAIN REAL PROPERTY IN THE SANTA ANA REDEVELOPMENT PROJECT AND APPROVING THE LEASE AND/OR 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 South Main Street Redevelopment Project; and WHEREAS, in order to implement the Redevelopment Plan, the Agency has agreed, subject to the approval of this Council, to lease and/or sell certain real property in the Project Area, pursuant to the terms and provisions of that certain Lease, Option and Development Agreement (Parcel 4) between the Agency and Thomas M. Landolf, 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, Thomas M. Landolf possesses the qualifica- tions 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 RESOLUTION NO. 84-171 PAGE TWO purchase price and sum of the lease payments, and has made said Summary Report available for public inspection in accordance with the California Community Redevelopment Law~ and WHEREAS, the Agency has found and determined that the Environmental Impact Report prepared for the Santa Ana South Main Street Redevelopment Project is adequate for approval of the Lease, Option and Development Agreement (Parcel 3), and that no additional Environmental Impact Report is necessary, and this Council likewise believes said Environ- mental Impact Report to be adequate for its use in approving the ter~s 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 con- ditions of the proposed transaction and hereby finds and determines that the disposition and the redevelopment of the Site pursuant to the Lease, Option and Development Agreement (Parcel 3) is the best interests of the City and the health, safety 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 lease and/or sale of the Site pur- suant to the Lease, Option and Development Agreement (Parcel 3) is less than the estimated value of the Site, determined at the highest use permitted under the Redevelopment Plan, but that such lesser consideration is necessary to effectuate the purpose of the said Plan. 3. The lease and/or sale of the Site by the Agency to Thomas M. Landolf upon the terms and conditions contained in the Lease, Option, and Development Agreement is hereby ap- proved. 4. The City Council finds and determines that the provision by the Agency of Streets, sidewalks, utilities and other improvements in accordance with the said Agreement is necessary to effectuate the purposes of the Redevelopment RESOLUTION NO. 84- 171 PAGE THREE Plan and consents to the provision of such improvements by the Agency. ADOPTED this 18th day of ATTEST: J~ice C. Guy, C~rk~the COUNCILMEMBERS: Griset Abstain Acosta ~ Hart Aye Johnson Aye Luxembourge r Aye McQuigan Aye Young Aye December 19 8 4 Daniel E. Griset Council Mayor TO FORM: Edwar~ .~_~ooper City Attorney