HomeMy WebLinkAbout1990-05 CRA
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RESOLUTION NO. 90-5
REL:mb(23)
4/4/90
A RESOLUTION OF THE COMMUNITY RE-
DEVELOPMENT AGENCY OF THE CITY OF
SANTA ANA APPROVING AN AGREEMENT
BETWEEN THE AGENCY AND DAVID MICHAEL
SHEPARD
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 Redevelop-
ment Project; and
WHEREAS, in order to implement the Redevelopment
Plan, the Agency proposes to sell certain real property in the
Project Area, pursuant to the terms and provisions of that
certain "Disposition and Redevelopment Agreement" (hereinafter
referred to as the "Agreement") between the Agency and David
Michael Shepard, 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, David Michael Shepard has submitted to the
Agency a written offer to purchase the site in the form of the
Agreement; and
WHEREAS, the Agreement contains all the provisions,
terms, conditions and obligations required by state and local
law; and
WHEREAS, David Michael Shepard 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
WHEREAS, the Agency has prepared, 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 purchase price, and made said Summary Report and the
Agreement available for public inspection and copying 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 pursuant to the Agreement;
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RESOLUTION NO. 90-5
PAGE TWO
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. The Agency has considered all the terms and conditions
of the proposed sale and hereby finds and determines that the
redevelopment of the Property pursuant to the Agreement is in
the best interest 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 Agreement is hereby approved, and the Chairman of
the Agency is hereby authorized to execute the Agreement and
the Grant Deed pertaining thereto.
3. The Executive Director of the Agency is hereby author-
ized to take all steps, and to sign all documents and instruments
necessary to implement and carry out the Agreement on behalf of
the Agency.
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4. The approval of the 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:
April
,1990,
AYES: MEMBERS: ACOSTA, GRISET, MAY, MCGUIGAN, NORTON
NOES: MEMBERS:
ABSENT: MEMBERS: PULIDO, YOUNG
ATTEST:
(kf~
Chairman
cyn~¿n~e
Director/Recording Secretary
APPROVED AS TO FORM:
J~12~ .tcC?';
. 1- Agency Legal Counsel