HomeMy WebLinkAbout86-067REL: adg-5
7/2/86
RESOLUTION NO. 86- 67
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA APPROVING AN AMENDMENT TO A LEASE,
OPTION AND DEVELOPMENT AGREEMENT BETWEEN THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
SANTA ANA AND JOHN MCKEE (PARCEL 6)
WHEREAS, the Community Redevelopment Agency of the City of
Santa Ana entered into a Lease, Option and Development Agreement
with Thomas M. Landolf on December 18, 1984 (the "Agreement"),
which provides for the lease and/or sale of Parcel 3 in the
Santa Ana Auto Mall by the Agency to Thomas M. Landolf.
WHEREAS, this Council approved the Agreement on December 18,
1984 by its Resolution No. 84-170; and
WHEREAS, the Agency has this date approved the assignment
of the Agreement from Thomas M. Landolf to John McKee and an
amendment to the Agreement which changes the parcel which is
the subject of the Agreement from Parcel 3 to Parcel 6 and
the total rental amount and/or purchase price which the Agency
will receive pursuant to the Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SANTA ANA AS FOLLOWS:
1. That certain "Amendment to Lease, Option and Develop-
ment Agreement" between the Agency and John McKee, approved
this date by the Agency, is hereby approved by this Council.
2. This Council finds and determines that the considera-
tion for the lease and/or sale of the aforesaid Parcel 6 pur-
suant to the Agreement as thus amended is less than the estimated
value of said parcel, determined at the highest use permitted
under the Redevelopment Plan for the Santa Ana South Main
RESOLUTION NO. 86- 67
PAGE TWO
Street Redevelopment Project, but such lesser consideration is
necessary to effectuate the purposes of said plan.
ADOPTED this 15th day of July , 1986.
ATTEST:
Daniel E. Griset
Mayor
~aWice c. suy / ~
Clerk of the Council '
COUNCILMEMBERS:
Acosta Aye
Griset Abstained
Hart Aye
Johnson Aye
Luxembourger Aye
McGuigan Aye
Young Aye
APPROVED AS TO FORM: