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HomeMy WebLinkAbout2005-001 CRA . RESOLUTION NO. CRA 2005-001 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA CONTINGENTLY APPROVING A COOPERATIVE AGREEMENT FOR OFFSITE IMPROVEMENTS BE iT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOllOWS: Section 1: Pursuant to Health & Safety Code section 33445, the Board of Directors of the Community Redevelopment Agency of the City of Santa Ana hereby finds, determines and declares as follows: A. 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 Redevelopment Plan"). . B. In order to implement the Redevelopment Plan, the Agency has agreed, subject to the approval of the City Council, to contingently approve a Cooperative Agreement for Offsite Improvements between itself, the City of Santa Ana, Sandpointe Neighborhood Association, inc., a California, non-profit public benefit and federal 501 (c)(3) corporation ("Sandpointe"), the Nexus Development Corporation/Central Division, Inc. a California corporation and The Grand Plan 2, llC, a California Limited Liability Company (collectively referred to herein as "Nexus"), and Coastal Rim Properties, Inc., a California corporation ("Geneva Commons") (hereafter "the Agreement"). C. The Agreement contains all of the provisions, terms, conditions and obligations required by the state and local laws. D. The Agreement provides, that if the Nexus and Geneva Commons projects receive all discretionary approvals from the City Council of the City of Santa Ana, that the Agency will commit up to $5 million in project specific tax increment to construct underground utilities on portions of Main Street, MacArthur Boulevard, and Sunflower Avenue (hereinafter "the undergrounding project"). If no event, however, will the Agency be obliged to spend more than the $5 million in undergrounding on these three street segments. . E. Portions of the undergrounding project are not within a Project Area, but the existing above-ground utility lines are visible from the South Main Project Area and constitute a blighted condition. The Agency Board finds Resolution No. eRA 2005-001 Page 1 of 3 that the undergrounding project is of benefit to the project area and/or the immediate neighborhood in which the project is located. F. The Agency Board further finds that no other reasonable means of financing the undergrounding project are available to the community. The City of Santa Ana has adopted thirty-six undergrounding districts and Rule 20A funds available to the City for the foreseeable future have been committed to other undergrounding projects of higher priority. The undergrounding project would not involve a major street project. as is typical of approved City undergrounding districts, and a portion of the affected street segments contain high energy 66 KV lines that are more expensive to underground than utility lines on other City arterials. G. The Agency and the City Council have held a duly noticed joint public hearing this item. Section 2. The Cooperative Agreement for Offsite Improvements is hereby approved. and the Executive Director of the Agency is hereby authorized to execute the Agreement. with such non-substantive changes as may be approved by Agency's General Counsel, when and if the Geneva Commons and Nexus projects are approved. Nothing herein is intended, nor shall it be interpreted as a pre-commitment or approval of the proposed entitlements for either Geneva Commons or Nexus. ADOPTED this ~day of April. 2005. . Pulido APPROVED AS TO FORM: Joseph W. Fletcher, General Counsel D /f/ Resolution No. eRA 2005-001 Page 2 of 3 . AYES: . . NOES: ABSTAIN: Boardmembers: Bustamante Bist Christy Garcia Pulido Solorio (6\ Boardmembers: None (0\ Boardmembers: Alvarez (1) NOT PRESENT: Boardmembers: None (0\ CERTIFICATION OF ATTESTATION AND ORIGINALITY I, PATRICIA E. HEALY, Secretary of the Agency, do hereby attest to and certify the attached Resolution No. 2005-001 to be the original resolution adopted by the Community Redevelopment Agency of the City of Santa Ana on . Date: ~~~.~. ( , <:::~p . . ; !,-_7C~/L-~ Secretary City of Santa Ana Resolution No. eRA 2005-001 Page 3 of 3