HomeMy WebLinkAbout1979-55 CRA
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10/4/79
RESOLUTION NO. 79-55
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A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA MAKING
CERTAIN FINDINGS WITH RESPECT TO THE
CONSIDERATION TO BE RECEIVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA
PURSUANT TO A DISPOSITION AND DEVELOPMENT
AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AND ROSS AND FIFTH
DEVELOPMENT COMPANY FOR THE SALE AND DEVELOPMENT
OF CERTAIN REAL PROPERTY IN THE SANTA ANA
REDEVELOPMENT PROJECT; APPROVING THE PROPOSED
SALE OF SAID REAL PROPERTY; AND APPROVING THE
DISPOSITION AND DEVELOPMENT AGREEMENT
PERTAINING THERETO
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 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, pursuant to the terms and provisions of a
Disposition and Development Agreement in which said real
property is described; and
WHEREAS, Ross and Fifth Development Company has
submitted 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, Ross and Fifth Development Company
possesses the qualifications and financial resources
necessary to acquire and insure development of the Siter in
accordance with the purposes and objectives of the
Redevelopment Plan; and
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WHEREAS, the Agency has prepared, reviewed and
considered 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 available for public
inspection in accordance with the California Community
Redevelopment Law; and
WHEREAS, the Agency has found on the basis of an
Initial Study that said Agreement will not result in
substantial changes in the project or the circumstances
under which the Project is to be undertaken, and that the
proposed action will have no significant effect on the
environment except as identified and considered in the
previous Environmental Impact Report; 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 Site and the proposed agreement.
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NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY
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RESOLUTION NO. 79-55
PAGE TWO
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REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
l. The Agency has considered all terms and
conditions of the proposed sale and hereby finds and
determines that the redevelopment of the Site pursuant to
the proposed Agreement is in the best interests of the City
and the health, safety, morals and welfare of its residents,
and is in accord with the public purposes and provisions of
the applicable state and local laws.
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2. The Agency hereby finds and determines that
the consideration for the sale of the Site pursuant to the
Disposition and Development Agreement between the Agency and
Ross and Fifth Development Company is less than the fair
market value of the Site, determined at the highest use
permitted under the Redevelopment Plan, but that such lesser
consideration is necessary to effectuate the purposes of the
Redevelopment Plan.
3. The sale of the Site by the Agency to Ross
and Fifth Development Company and the Disposition and
Development Agreement which establishes the terms and
conditions for the sale and development of the Site, are
hereby approved.
4. The Chairman of the Agency is hereby
authorized to execute the Disposition and Development
Agreement and Grant Deeds pertaining thereto.
5. The Executive Director is hereby authorized
to take all steps, and to sign all documents and instruments
necessary to implement and carry out said Agreement on
behalf of the Agency.
ADOPTED this l7th day of
December, 1979, by the following vote:
AYES:
MEMBERS Bricken, Griset, Luxembourger, Serrato,
Ward, Yamamoto
MEMBERS Markel
NOES:
ABSENT:
MEMBERS: None
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ATTEST:
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RICHARD E. GOBLIRSCH
Executive Director/
Recording Secretary
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CHAIRMAN
APPROVED AS TO FORM:
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Agency Legal Counsel
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