2001-038RESOLUTION NO. 200tR-38
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ANAHEIM CONSENTING TO
ANAHEIM REDEVELOPMENT AGENCY'S
DEVELOPMENT OF THE BUILDING SITE AT 953
SOUTH ANAHEIM BOULEVARD
WHEREAS, the Anaheim Redevelopment Agency (the "Agency") desires to effectuate the
Redevelopment Plan for the Agency's Commercial/Industrial Redevelopment Project by providing
for the redevelopment of approximately 2.22 acres of real property in the City of Anaheim which is
commonly known as 953 South Anaheim Boulevard (the "Site"); and
WHEREAS, in order to carry out and implement such Redevelopment Plan, the Agency
proposes to enter into that certain Disposition and Development Agreement (the "Agreement") with
Boureston-Todd Development, Inc. (the "Developer"), which would provide for the Agency to
attempt to acquire the Site and, if successful, to lease the Site to the Developer, and for the Developer
to agree to develop a three story medical office building of approximately 50,000 square feet thereon
(the "Project"), all as described in the Agreement; and
WHEREAS, the Agreement would further provide for the Agency to loan to the Developer
certain funds for the costs of clearance and development of the Site as a building site (the "Agency
Loan"); and
WHEREAS, the consent of the City Council is required for the Agency to provide for the
development of a site for commercial use so as to provide streets, sidewalks, utilities, or other
improvements which an owner or operator of the Site would otherwise be obliged to provide; and
WHEREAS, the City Council has reviewed the reuse analysis of the Project which
concludes that the development of the Project is not economically feasible without the Agency Loan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim as
follows:
Section 1. The City Council hereby finds and determines that, for the reasons recited
above, the Agency Loan is necessary to effectuate the purposes of the Redevelopment Plan for the
Commercial/Industrial Redevelopment Project, and to make the development of the Project
economically feasible.
Section 2. The City Council hereby consents to the Agency Loan, and the expenditure of
the Agency Loan for the purposes of funding the development of the Site for commercial use so as to
provide streets, sidewalks, utilities, or other improvements which the Developer would otherwise be
obliged to provide.
Section 3. The City Clerk shall certify to the adoption of this Resolution.
DOCSOC\799476v I X22621.0064
APPROVED AND ADOPTED this 13th day of February, 2001.
ATTEST:
Cf'y,~ Clerk / -
I, Sherryl Schroeder, City Clerk of the City of Anaheim, do hereby certify that Resolution
No. __ was duly adopted by the City Council of the City of Anaheim and was signed by the Mayor
of the City at a regular meeting of the City Council, held on the __ day of February, 2001, and that
it was adopted by the following vote, to wit:
AYES:
NOES:
ABSTAIN:
ABSENT:
Sherryl Schroeder, City Clerk
DOCSOC\799476v lX22621.0064
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing
Resolution No. 2001R-38 was introduced and adopted at a regular meeting provided by law, of
the Anaheim City Council held on the 13th day of February, 2001, by the following vote of the
members thereof:
AYES:
MAYOR/COUNCIL MEMBERS: Kring, Tait, McCracken, Daly
NOES:
MAYOR/COUNCIL MEMBERS: None
ABSENT:
MAYOR/COUNCIL MEMBERS: None
ABSTAINED:
MAYOR/COUNCIL MEMBERS: Feldhaus
C~TY CLL~RK OF THE CITY OF ANAHEIM
(SEAL)