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HomeMy WebLinkAbout2010-004 CRACRA RESOLUTION NO. 2010-004 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE AGENCY AND ORANGE HOUSING DEVELOPMENT CORPORATION AND C&C DEVELOPMENT BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1: The Board 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 Merged Redevelopment Project Areas (the "Redevelopment Plan"), including strengthening of public-private partnerships to provide more affordable housing, and particularly to provide decent, safe, sanitary, and affordable housing to the lower income citizens of the City of Santa Ana. B. In order to implement the Redevelopment Plan, the Agency has agreed, subject to the approval of the City Council, to sell certain real property located at 217-219 S. Birch Street, 435-437 S. Birch Street, and 2034-2038 N. Bush Street (the "Property") pursuant to the terms and provisions of a Disposition and Development Agreement (hereinafter referred to as the "Agreement") between the Agency and Orange Housing Development Corporation (OHDC) and C&C Development (C&C) which is on file in the office of the Executive Director of the Agency, in which said real property is described. C. OHDC & C&C propose to construct five (5) multi-family residential units on each parcel to rent to qualified Very Low Income Households for the affordability term of fifty-five years. D. The Agreement contains all of the provisions, terms, conditions and obligations required by the state and local laws. E. OHDC and C&C possess the qualifications and financial resources necessary to acquire and insure development of the Property, in CRA Resolution No. 2010-004 Page 1 of 3 accordance with the purpose and objectives of the Redevelopment Plan. F. 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 the Property. Section 2. The Disposition and Development Agreement 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. Section 3. The Executive Director of the Agency is hereby authorized to take all steps, and to sign all documents and instruments necessary to implement and carry out the Agreement on behalf of the Agency. CRA Resolution No. 2010-004 Page 2 of 3 ADOPTED this 7th day of September, 2010. APPROVED AS TO FORM: Joseph W. Fletcher, General Counsel By: Lisa E. Storck Assistant Counsel Chair AYES: Boardmembers: Alvarez. Benavides, Bustamante Martinez Sarmiento, Tinajero Pulido (7) NOES: Boardmembers: None (0) ABSTAIN: Boardmembers None (0) NOT PRESENT: Boardmembers None (0 CERTIFICATION OF ATTESTATION AND ORIGINALITY I, MARIA D. HUIZAR, Secretary of the Agency, do hereby attest to and certify CRA Resolution No. 2010-004 to be the original resolution adopted by the Community Redevelopment Agency of the City of Santa Ana on September 7, 2010. Date: Maria Huizar, Secreta ry-) Community Redevelopment Agency of the City of Santa Ana CRA Resolution No. 2010-004 Page 3 of 3