Loading...
HomeMy WebLinkAbout1999-10 CRA . RESOLUTION NO. 99-l0 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE AGENCY AND THE SANTA ANA AUTO MALL DEALERS' ASSOCIATION. 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 South Main Redevelopment Project Area (the RedevelopmentPlan"); and, WHEREAS, in furtherance of the Redevelopment Plan the Agency proposes to convey said certain property in the Project Area pursuant to the terms and provisions of that certain "Disposition and Development Agreement" (the" Agreement") between the Agency and The Santa Ana Auto Mall Dealers' Association (the "Developer") which is on file in the office of the Executive Director of the Agency, in which said real property (the "Site") is described; and, I WHEREAS, the Developer has submitted to the Agency a written offer to purchase the Site in the fonn 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 Developer represents that it 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 and made available for public inspection and copying in accordance with the California Community Redevelopment Law, a Summary Report setting forth the following: the cost of the Agreement to the Agency; the estimated fair market value of the Site at the highest and best uses permitted under the Redevelopment Plan; the estimated fair reuse value of the Site at the use and with the covenants and conditions and development costs authorized by the. Agreement, and ~e purchase pri~; 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 pursuantto the Agreement; and, . NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: . 1. The Agency has reviewed and considered Negative Declaration 99-68 prepared by the City of Santa Ana for the of the proposed Agreement and finds that it is adequate for the project. 2. The Agency has considered all the tem1S and conditions of the proposed sale and hereby fmds and detennines that the redevelopment of the Site pursuant to the Agreement is in the best interest of the community 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. 3. The Agreement is hereby approved, and the Chaim1anofthe Agency is hereby authorized to execute the Agreement, with such non-substantive changes as may be approved by Agency Counsel. 4. 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. 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 tenns and conditions contained therein by the City Council the City of Santa Ana. 8 ADOPTED this 20tlihyof September, 1999. AYES: MEMBERS: NOES: MEMBERS: ABSENT: IUl' VOl'ING : MEMBERS MEMBERS : ATTEST: ~~ CynthiaJ. Net on .. Executive DirectorlRecording Secretary ~ ~DOaIl Bist, Christy, Franklin, Lutz, McGuigan, Pulido None None RM: .