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2002-058t'*dESOLUTION NO. 2002R-58 A Rk';SOLUTION OF THE CITY COUNCIL OF THE CITY ANAHEIM (i) FINDING AND DETERMP~'L*~G THAT THE SALE OF CERTAIN CITY PROPERTY, WITHOUT CONDUCTING PUBLIC BIDDING, IS IN' THE BEST INTERESTS OF THE CITY, (ii) APPROVING AND AUTHORIZING THE EXECUTION OF THAT CERTAIN DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY AND EXCEL POINTE ANAHEIM, LLC, DATED AS OF J.auNUARY 1,2002, AND (iii) MAKING CERTAhN OTHER FINDINGS IN CONNECTION THEREWITH WHEREAS, Excel Pointe Anaheim LLC (the "Developer") has proposed to develo0 a b.rge- scale mixed use project (the ':Project") on ce~ain property, i. ncluding (i) certain prop,crP?" o'.~med 'by the Developer (the "Developer Propm~/'), (ii) to the extent acquired by the Developer purs:.~aat .t~> this Agreement, property cun'ently ovmed by fl.~e Ci.ty (the "City Property"), and (iii) to *.~:c e, xZ:m~. acquired by the Developer, property cu~e,n, tly owned by third parties which the Developer is seeking '~o acquire (the "Third Party Property"), al! of which is located within the City of Anaheim; and WHEREAS, the Project is more t~ally deschbed in that certain Firs~ Amended and Restated Development Agreement No 99-1 by and be~veen the Ci~ of Anaheim and Excel Pointc Anaheim LLC dated as of February 26, 2002 ("Deve!opmen~ Agreement"), ,~nd approved by the CiPj,' Count. il of [he City as of such date; and WHEREAS, the City and the Developer des'~r¢ ro enter into that certain Disposition and Development A~'eement (the ZAgreenxent"), and subject to its terms and proviMons, to provide ~br (a) the City to sell the City' Prope..-'ty to the 13evelopec in accordanc, e with the ~enns contained the:'ein; (b) the Developer to c~nstmct the Project; (c) the D,~veloper to lease to the City~ certain public parking facilities to be constracted in o3~jp, nctmn with the development of the Project; and (d) the Ciw to sublease such parking facilities to the Developer, for purposes of operation, mainte~.ance, and management thereof; and WHEREAS, the development of the Project wili result in substantial benefits to the C~W. which may include (i) job creation and enhanced revenues to the City resulting from c~nsmtction and ~:reation -z' ~. c,~ ,h~ Project, i.ncluding property tax and s~.les tax revenues and ~ansient occupancy taxes, (ii) ennanced c~rculation and access within the Anaheim R.esoizTM Specific Plan men; (iii) enhanced m,~rketabii ity and operation 0f the ./-knahean Res0rtx:'t resulting horn an increase in thc number of firs~-class, 5.~ll-se~wicc hotel rooms within clo:.;e proximity to the Convention Center, Disneyland, Disney's Califbm{a Adventure and the ~.~ture contemplated D~sney Third Gate development area; (iv) enhanced marketabili~ that ~s likely to extend out-.of-town ~eisure and convention visitors' lengths ef :;lay in the Anaheim Rcsor'tTM as a result of a~ditional a~ractions and high-q~mlity retail shopping and dining oppo~Jnities, (':} tb.e creation of public parking and overflow parking for t~e Ana~em~ Con~ent~en Center to be consa,scted ~.n accordance with the Agweement; and WHEREAS, the public interest and ConVenience require the sale of the Property to the Developer, in order to further the economic development thereof; and WHEREAS, the City has previously conducted an environmental review of the Project in its approval of the Development Agreement, pursuant to the California Environmental Quality Act, Public Resources Code Section 21000 et seq., and in conjunction with such approval, has approved Mitigated Negative Declaration (State Clearinghouse No. 99011053) and Mitigation Monitoring Plan No. 004 and an addendum thereto (collectively, the "MND") and authorized the filing ora Notice ot~ Determination in conjunction therewith; and V~rI-IERE, AS, the approval and implementation of the Agreement and the rnaking of the findings set forth herein xvill not result in (i) any environmental impacts not covered by the MND, or (ii) any increase in the severity of the environmental impacts covered by the MND and, therefore, pursuant to CEQA Guidelines Section 15162 (14 CCR § 15162), no additional CEQA analysis of the Agreement is required; and WHEREAS, all actions required by all applicable law with respect to tt,,e proposed A~eement have been taken in an appropriate and timely manner. NOW, THEREFORE, CITY COUNCIL OF THE CITY OF ANAHEIM DOES HEREBY RESOLVE AND DETE1LMINE AS FOLLOWS: 1. The City Council has duly considered ali terms and conditions of the proposed Agreement and believes that the disposition of the City Property without public bidding pursuant thereto is in the best interests of the City of Anaheim and the health, safety, and welfare of;.ts residents, and in accord with the public purposes and provisions of applicable state and local laws and requirements. 2. The approval of the Agreement furthers the City's goals of stimulating economic development; providing adequate public parking to serve various Cit)., facilities, as well as private cormnercial development within the community; and ensuing adequate infrastructure to serve development within the community; and such public benefits are commensurate with the consideration to be paid by the City pursuant to the Agreement. 3. Thc Agreement is consistent with the approved MND and will not result in any environmental impacts not covered by the MND, nor increase the severity of any of the environmental impacts analyzed by the MND and, therefore, pursuant to CEQA Guidelines Section 15162 (14 CCR § 15162), no additional CEQA analysis is required. 4. The Agreement, a copy of which is on file with the Secretary of the City, is hereby approved and the City Manager is authorized to execute the Agreeme'nt and, from titne to time, to take such further actions, including ~vithout limitation executio,.~ of other documents, as may be necessary or convenient to implement the Agreement. TIlE FOREGOING RESOLUTION IS r-~A},~qSr.D~'~ APPROVED AxND ADOPTED THIS IWENTY..SIXTH (26TM) DAY OF FEBRUARY, 2002 BY THE FOLLOWING VOTE: AYES: Feldhaus, NOES: None ABSENT: None ABSTAIN: None Kring, Tait, McCracken, Daly bLAYOR OF THE CITY OF IM ATTEST: 43755.1 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. 2002R-58 was introduced and adopted at a regular meeting provided by law, of the Anaheim City Council held on the 26th day of February, 2002, by the following vote of the members thereof: AYES: MAYOR/COUNCIL MEMBERS: Feldhaus, Kring, Tait, McCracken, Daly NOES: MAYOR/COUNCIL MEMBERS: None ABSTAINED: MAYOR/COUNCIL MEMBERS: None ABSENT: MAYOR/COUNCIL MEMBERS: None CI'~'~ CLER~ OF THE CITY OF ANAHEIM (SEAL)