HomeMy WebLinkAbout1990-02 CRA
RESOLUTION NO. 90-2
REL:mb(12)
3/5/90
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A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA APPROVING
AN AGREEMENT BETWEEN THE AGENCY AND HUTTON
DEVELOPMENT CO., INC.
WHEREAS, the Community Redevelopment Agency of the
City of Santa Ana is engaged in activities necessary to execute
and implement the Redevelopment Plan for the Santa Ana 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 Development Agreement" between the
Agency and Hutton Development Co., 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
WHEREAS, Hutton Development Co., Inc., has submitted
to the Agency a written offer in the form of said Agreement to
purchase the Site; and
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WHEREAS, the proposed Agreement contains all the
provisions, terms, conditions and obligations required by state
and local law; and
WHEREAS, Hutton Development Co., Inc., 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, reviewed and
considered a Summary Report setting forth the cost of the Agree-
ment 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 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 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
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RESOLUTION NO. 90-2
PAGE TWO
redevelopment of the Property pursuant to the said 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 said Agreement is hereby approved, and the Chariman
of the Agency is hereby authorized to execute the said Agreement
and the Grant Deed pertaining thereto.
3. The Executive Director is hereby authorized to take
all steps, and to sign all documents and instruments necessary
to implement and carry out the said Agreement on behalf of the
Agency.
4. 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:
, 1990,
March
AYES:
MEMBERS: ACOSTA, GRISET, MCGUIGAN, NORTON, PULIDO
NOES:
MEMBERS:
ABSENT:
MEMBERS: MAY, YOUNG
ATTEST:
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Chairman
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Cynth a J. ~ son, Executive
Director/Recording Secretary
APPROVED AS TO FORM:
eb;er
Agency Legal Counsel
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