HomeMy WebLinkAbout86-107REL:adg-5a
11/5/86
RESOLUTION NO. 86- 107
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 KIRK S. EVANS, INC. FOR THE SALE OF CERTAIN
REAL PROPERTY AND APPROVING THE SALE OF SAID REAL
PROPERTY UPON THE TERMS AND CONDITIONS CONTAINED
IN THAT AGREEMENT
WHEREAS, the Agency has agreed, subject to the
approval of this Council, to sell certain real property
pursuant to the terms and provisions of that certain Disposition
and Development Agreement between the Agency and Kirk S. Evans,
Inc., 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
terms,
local
WHEREAS, the Agreement contains all the provisions,
conditions and obligations required by state and
laws; 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, and the purchase price,
and has made said Summary Report available for public inspection
in accordance with the California Community Redevelopment Law;
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:
RESOLUTION NO. 86-107
PAGE TWO
1. The City Council has considered all terms and con-
ditions 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 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 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 Kirk S. Evans,
Inc. upon the terms and conditions contained in the Disposition
and Development Agreement is hereby approved.
ADOPTED this 18th day of November , 1986.
ATTEST:
COUNCILMEMBERS:
Griset Aye
Acosta Aye
Hart Absent
Johnson
Luxembourger
McQuigan Ay~
Young Aye
Daniel E. Griset
Mayor
APPROVED AS TO FORM:
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City At t~a~ y