HomeMy WebLinkAbout1979-04 CRA
RESOLUTION NO. 79-4
.
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 PARTICI-
PATION AGREEMENT BETWEEN THE COMMUNITY REDEVELOP-
MENT AGENCY OF THE CITY OF SANTA ANA AND AMERICAN
NATIONAL PROPERTIES,INC. FOR THE SALE AND DEVELOP-
MENT OF CERTAIN REAL PROPERTY IN THE SANTA ANA
REDEVELOPMENT PROJECT; APPROVING THE PROPOSED SALE
OF SAID REAL PROPERTY; AND APPROVING THE PARTICI-
PATION 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,
8ursuant to the terms and provisions of a Participation Agreement in
hich said real property is described; and
WHEREAS, American National Propertie~ Inc. 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, American National Properties, Inc. possesses the quali-
fications 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 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, that
no Negative Declaration, Subsequent Environmental 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 Redevelop-
ment 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
WHEREAS, the Agency has considered all terms and conditions 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.
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20.s-
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RESOLUTION NO. 79-4
PAGE TWO
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOP-
MENT AGENCY FO THE CITY OF SANTA ANA, AS FOLLOWS:
1. The Agency hereby finds and determines that the con-
sideration for the sale of the Site pursuant to the Participation
Agreement between the Agency and American National Properties, Inc.
is not less than the fair market value of the Site in accordance
with the covenants and conditions governing the sale.
2. The Agency hereby finds and determines that the con-
sideration for sale of the Site pursuant to the Agreement is
necessary to effectuate the purposes of the Redevelopment Plan.
3. The sale of the Site by the Agency to American National
Properties, Inc. and the Participation Agreement which establishes
the terms and conditions for the sale and development of the Site,
are hereby approved.
4. The Executive Director of the Agency is hereby author-
ized to execute the Participation Agreement.
5. The Executive Director is hereby authorized to take
all steps, and to sign all documents and instruments (including but
not limited to the Grant Deed), necessary to implement and carry
out the Agreement on behalf of the Agency.
ADOPTED this 15th day of
the following vote:
January
, 1979, by
AYES:
MEMBERS: Brandt, Bricken, Evans, Garthe, Ortiz,
Yamamoto
MEMBERS: Ward
NOES:
ABSENT:
MEMBERS: None
ATTEST:
Qû~
CHAI
~~
RICHARD E. GOBLIRSCH
Executive Director/
Recording Secretary
~í~ ;?;
KEITH L. GOW, ~ncy
Legal Counsel
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