HomeMy WebLinkAbout1979-43 CRA
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9/6/79
RESOLUTION NO. 79-43
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
PARTICIPATION AGREEMENT BETWEEN THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA
AND JONES DEVELOPMENT CORPORATION 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 PARTICIPATION 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
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 participation
Agreement in which said real property is described; and
WHEREAS, Jones Development Corporation has submitted to
the Agency a written offer in the form of said Agreement to pur-
chase the Site; and
WHEREAS, the proposed Agreement contains all the pro-
visions, terms, conditions and obligations required by state and
local law; and
WHEREAS, Jones Development Corporation 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 con-
sidered, a Summary Report setting forth the cost of the Agreement
to the Agency, the estimated value of the interests to be con-
veyed determined at the highest uses permitted under the Redevel-
opment 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, that no Negative Declaration, Subsequent Environ-
mental Impact Report, or Supplement to an Environmental Impact
Report is required, 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; and
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RESOLUTION NO. 79-43
PAGE TWO
WHEREAS, the Agency has considered all terms and condi-
tions of the proposed sale and believes 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.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDE-
VELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. The Agency hereby finds and determines that the
consideration for the sale of the Site pursuant to the participa-
tion Agreement between the Agency and Jones Development Corpora-
tion is not less than the fair market value of the Site in accordance
with the covenants and conditions governing the sale.
2. The sale of the Site by the Agency to Jones Devel-
opment Corporation and the Participation Agreement which estab-
lishes the terms and conditions for the sale and development of
the Site, are hereby approved.
3. The Chairman of the Agency is hereby authorized to
execute the Participation Agreement and Grant Deeds pertaining
thereto.
4. The Executive Director is hereby authorized to
take all steps, and to sign all documents and instruments neces-
sary to implement and carry out the Agreement on behalf of the
Agency.
ADOPTED this l7th day of
by the following vote: -----
, 1979,
September
AYES: MEMBERS: Bricken, Griset, Luxembourger, Serrato,
Ward, Markel (pursuant to Sec. 6, Art. 3)
NOES: MEMBERS: Yamamoto
ABSENT: MEMBERS: None
ATTEST:
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Executive Director/
Recording Secretary
APPROVED AS TO FORM:
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KEITH L. GOW,
Agency Legal Counsel
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