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RESOLUTION NO. 98- 006
A RESOLUTION OF THE CITY COUNCIL OF SANTA
ANA AND MAKING CERTAIN FINDINGS WITH
RESPECT TO A DISPOSITION AND DEVELOPMENT
AGREEMENT BETWEEN THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
SANTA ANA, AND ACD HOLDINGS, LLC, FOR THE
SA! .E OF CERTAIN REAL PROPERTY IN THE SOUTH
MAIN STREET 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 (hereinafter
referred to as the "Agency") is engaged in activities necessary to execute 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 sell certain real property in the Project Area, pursuant to
the terms and provisions of that certain Disposition and Development Agreement (hereinafter
referred to as the "Agreement") between the Agency and ACD HOLDINGS, LLC, 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 of the provisions, terms, conditions and obligations
required by the state and local laws; 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
pursuant to the 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 Agreement is
the best interests of the City of Santa Ana and the health, safety and welfare of its residents, and is
in accord with the public purpose and provisions of the applicable state and local laws.
2. The City Council hereby finds and determines that the consideration for the sale of
RESOLUTION 98-006
the Site pursuant to the Disposition and Development Agreement is not less than the fair market
value of the Site determined in accordance with the covenants and conditions governing the sale.
3. The sale of the Site by the Agency to ACD Holdings, LLC, upon the terms and
conditions contained in the Agreement is hereby approved.
ADOPTED this 20th day Of
January , 1998
ATTEST:
3anie~ZC. Gu~
Clerk of the Council
.'~ulido
COUNCILMEMBERS:
Pulido Aye
Richardson Aye
Espinoza Absent
Franklin Aye
Lutz Aye
McGuigan Aye
Moreno Ab s e n t
APPROVED AS TO FORM:
/J'~seph W. Fletcher
City Attorney
CERTIFICATE OF ORIGINALITY & PUBLICATION
State of California
County of Orange
I, JANICE C. GUY, Clerk of the Council, do hereby certify the attached Resolution No.
~---tg~ ~, ,to be the original resolution adopted by the City Council of the City of Santa Arm
on /-~'~ ~
Date:
l~lerk of the Council
City of Santa Ama
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