HomeMy WebLinkAbout1986-27 CRA
REL:k-5
05/30/86
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RESOLUTION NO. 86-27
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA APPROVING
AN AGREEMENT BETWEEN THE AGENCY AND SCHURGIN
DEVELOPMENT CORPORATION
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
North Harbor Boulevard Redevelopment Project; and
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WHEREAS, in order to implement the Redevelopment
Plan, the Agency proposes to sell certain real property in
the Project Area, p~rsuant to the terms and provisions of that
certain "Disposition and Development Agreement" between the Agency
and Schurgin Development Corporation, 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 des-
cribed; and
WHEREAS, Schurgin Development Corporation has submit-
ted to the Agency a written offer in the form of said Agreement
to purchase the Site; and
WHEREAS, the proposed Agreement contains all the
provisions, terms, conditions and obligations required by state
and local law; and
WHEREAS, Schurgin Development Corporation 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
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WHEREAS, the Agency has prepared, reviewed and con-
sidered a Summary Report setting forth the cost of the Agreement
to the Agency, the estimated value of the interests to be con-
veyed determined at the highest uses permitted under the Re-
development Plan, and the purchase price, and made said Sum-
mary 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;
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RESOLUTION NO. 86- 27
PAGE THREE
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5. The approval of the said Agreement by the Agency,
as hereinabove set forth, is conditional upon the approval of
the sale of the site upon the terms and conditions contained
therein by the City Council of the City of Santa Ana.
ADOPTED this ~ day of
by the following vote:
June
,1986,
AYES:
MEMBERS: Acosta, Johnson, Luxembourger,
McGuigan and Young
MEMBE RS: None
NOES:
ABSENT:
MEMBERS: Griset and Hart
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Daniel E. Griset
Chairman
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Rex Swan on, Executive
Director/Recording Secretary
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