HomeMy WebLinkAbout1998-01 CRA
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RESOLUTION NO. 98- 1
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
SANTA ANA APPROVING AN AGREEMENT
BETWEEN THE AGENCY AND ACD HOLDINGS,
LLC, FOR THE SALE AND DEVELOPMENT OF
CERATIN PROPERTY IN THE SOUTH MAIN STREET
REDEVELOPMENT PROJECT AREA.
WHEREAS, the Community Redevelopment Agency of the City of Santa Ana (the
"Agency") is engaged in activities necessary to execute and implement the Redevelopment Plan for
the Santa Ana South Main Street Redevelopment Project (the "Project Area"); and
WHEREAS, in order to implement the Redevelopment Plan, the Agenéy.proposes to sell
certain real property in the Project Area, pursuant to the terms and provisions òf that certain
"Disposition and Development Agreement" (hereinafter referred to as the "Agreement") between
the Agency and ACD Holdings, LLC (the "Developer"), which is- on me 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 Developer has submitted to the Agency a written offer to purchase the Site
in the form of the Agreement; and
WHEREAS, the Agreement contains all of the provisions, terms, conditions and obligations
required by state and local law; 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 (the "Summary
Report"), 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.
WHEREAS, the Agency has prepared, reviewed and considered the Negative Declaration
evauating the environmental impacts of the proposed agreement.
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NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
I. The Agency bas considered all the terms and conditions of the proposed sale, and
the Summary Report 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
loca1laws.
2. The Agreement is hereby approved, and the Chairman of the Agency is hereby
authorized to execute the Agreement and the Grant Deed pertaining hereto and conditions
goveminø the sale, which such non-substantiaI cbauges as may be deemed necessary by the
Executive Director and Agency Counsel to carry out the intent of this resolution.
3. The Executive Director of the Agency is hereby authorized to take all steps, and to
sign all documents and instruments necessary to implement and carry out the Agreement on behalf
of the Agency.
4.
The Agency approved the Negative Declaration prepared for the project.
5. 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 January
,1998.
AYES:
MEMBEJlS: Franklin, Lutz, MêGuigan, Pulido, Richardson
NOES:
MEMBEJlS: None
ABSENT:
MEMBERS: Espinoza, Moreno
ATTEST:
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Chairman
~r~
CYNTHIA J. ~SON
Executive Director/Recording Secretary
APPROVED AS TO FORM: