HomeMy WebLinkAbout1979-02 CRA
RESOLUTION NO. 79-2
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A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA MAKING
CERTAIN FINDINGS WITH RESPECT TO THE CON-
SIDERATIONTOBE RECEIVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA
ANA PURSUANT TO A PARTICIPATION AGREEMENT
BETWEEN ,T-cH E COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AND DR.
STEVEN J. KEISER AND PAULA B. KEISER 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
8oposes to sell certain real property in the Project area, pursuant to
,e terms and provisions of a Participation Agreement in which said real
property is described; and
WHEREAS, Dr. Steven J. Keiser and Paula B. Keiserhave submitted to
the Agency a written offer in the form of said Agreement to purchas€ the
Site; and
WHEREAS, the proposed Agreement contains all the provisions, terms,
conditions and obligations required by state and local law; and
WHEREAS, Dr. Steven J. Keiser and Paula B. Keiser possess 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 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
4IJe 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 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
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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RESOLUTION NO. 79-2
PAGE TWO
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOP-
MENT AGENCY OF 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 Dr. Steven Keiser and Paula B.
Keiser 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 Dr. Steven J. Keiser
and Paula B. Keiser 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 authorized
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
following vote:
January
, 1979, by the
AYES:
MEMBERS: Brandt, Bricken, Evans, Ortiz,
Ward, Yamamoto
MEMBERS: None
NOES:
ABSENT:
MEMBERS: None
ATTEST:
D)J;¡[1a'~
C AI
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RICHARD E. GOBLI CH
Executive Direc r/
Recording Secretary
APPROVED AS TO FORM:
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KEITH L. GOW, Agency
Legal Counsel
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