RES-2008-066RESOLUTION NO. 2008 -066
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM
APPROVING (I) AN AGREEMENT RE: PARTIAL TERMINATION OF
DISPOSITION AND DEVELOPMENT AGREEMENT, (II) A
REIMBURSEMENT AGREEMENT, AND (III) A DISPOSITION AND
DEVELOPMENT AGREEMENT, ALL WITH BROOKFIELD OLIVE
STREET LLC, AND MAKING CERTAIN FINDINGS IN CONNECTION
THEREWITH
WHEREAS, the Anaheim Redevelopment Agency (the "Agency is engaged in
implementation of the Redevelopment Plan for the Anaheim Merged Redevelopment Project
(the "Redevelopment Plan and
WHEREAS, the Agency desires to redevelop those approximately twenty (20) acres
generally located at the northwest corner of Olive Street and South Street in the City of
Anaheim (the "Site and
WHEREAS, in order to implement the Redevelopment Plan, Agency and Brookfield Olive
Street LLC (the "Developer entered into that certain Disposition and Development
Agreement (Olive Street Single- Family Residential Development) dated as of March 15,
2006, as amended by that certain Amendment to Disposition and Development (Olive Street
Single- Family Residential Development) dated as of November 3, 2006 and that certain
Second Amendment to Disposition and Development (Olive Street Single Family Residential
Development) dated as of March 15, 2008, (as amended, the "Original DDA and
WHEREAS, the Original DDA provides, among other things, the terms and conditions with
respect to the Agency's two phased sale of an approximately fifteen (15) acre portion of the
Site (the "Agency Parcels to the Developer and Developer's construction and sale of
various housing units; and
WHEREAS, to date, the closing has occurred with respect to the southern most eight (8) acre
portion of the Agency Parcels (the "Agency Parcel South and the Developer has
commenced construction of the housing units, having completed and having sold some of the
housing units; and
WHEREAS, the development of the remaining portion of the Agency Parcels (the "Agency
Parcel North pursuant to the terms and conditions of the Original DDA is no longer
economically viable; and
WHEREAS, the Agency and the Developer desire to terminate the Original DDA with
respect to the Agency Parcel North by entering into that certain Agreement Re: Partial
Termination of Disposition and Development Agreement (Olive Street Single- Family
Residential Development) dated as of June 1, 2008 (the "Agreement Re: Partial Termination
of DDA and
WHEREAS, in connection with the Original DDA, the Developer has agreed to construct
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various improvements integral to the Developer's housing project which the Agency would
otherwise obligated to construct, provided the Agency reimburses the Developer for the costs
thereby incurred; and
WHEREAS, the Agency and the Developer desire to enter into that certain Agency
Reimbursement Agreement dated as of June 1, 2008 (the "Reimbursement Agreement and
WHEREAS, the Agency desires to continue to redevelop the Site by entering into that certain
Disposition and Development Agreement (Colony Park Phase II) dated as of June 1, 2008
(the "Phase II DDA by and between the Agency and Developer pursuant to which (i) the
Agency would sell an approximately four (4) acre portion of the Agency Parcel North (the
"Northwest Agency Parcel to the Developer, and (ii) the Developer would construct
housing Northwest Agency Parcel for subsequent sale to, among other persons, low or
moderate income persons or families at affordable housing costs, requiring that such houses
remain continuously occupied by low or moderate income owners at an affordable housing
cost for the period of the covenants set forth therein (the "Housing Project and
WHEREAS, pursuant to Section 33433 of the California Redevelopment Law "CRL the
Agency is authorized, with the approval of the City Council of the City of Anaheim (the
"City after conducting a public hearing, to sell or lease the Northwest Agency Parcel for
development pursuant to the Redevelopment Plan upon a determination by the City Council
that the consideration for such sale or lease is not less than the fair reuse value at the use and
with the covenants and conditions and development costs authorized by the sale or lease; and
WHEREAS, in connection with the Phase II DDA, Agency staff has had prepared, and the
Agency has reviewed and considered, a "summary report" setting forth:
(i) the cost of the Phase II DDA to the Agency,
(ii) the estimated value of the interests to be sold to the Developer, determined at
the highest and best uses permitted under the Redevelopment Plan,
(iii) the estimated value of the interests to be sold, determined at the uses and with
the conditions, covenants and development costs required by the sale, and
(iv) the purchase price for the Developer's acquisition of the Northwest Agency
Parcel; and
WHEREAS, the Phase II DDA contains all of the terms, covenants, conditions, restrictions,
obligations and provisions required by state and local law; and
WHEREAS, the Housing Project will assist with the removal of blight within the
Redevelopment Project and is consistent with the implementation plan adopted by the Agency
for the Redevelopment Plan pursuant to Section 33490 of the CRL (the "Implementation
Plan and
WHEREAS, pursuant to the California Environmental Quality Act (Public Resources Code
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Section 21000 et seg.) "CEQA and the CEQA Implementing Guidelines (14 California
Code of Regulations Section 15000 et seq.) (the "Guidelines the City of Anaheim (the
"City adopted and certified Anaheim General Plan and Zoning Code Update Environmental
Impact Report No. 330 (the "General Plan Update EIR in connection with the City's
General Plan update in 2004 (as updated, the "General Plan and
WHEREAS, the General Plan Update EIR is a Program EIR under CEQA and the
Guidelines, addressing the environmental impacts from the City's ultimate build -out,
considering maximum densities and the effects thereof, and establishing a mitigation
monitoring program which requires, among other things, subsequent focused studies and the
implementation of mitigation measures where required; and
WHEREAS, the Agency has reviewed and determined that the Housing Project falls within
the scope of the activities addressed in the General Plan Update EIR and the General Plan
Update EIR adequately describes the Housing Project for purposes of CEQA because (i) the
General Plan Update EIR is a Program EIR, (ii) the Housing Project is consistent with the
General Plan, (iii) the Housing Project presents no new environmental effects which could
occur that were not examined in the General Plan Update EIR, and (iv) there is no new
information to suggest that new mitigation measures would be required of the Housing
Project; and
WHEREAS, the Anaheim Housing and Community Development Commission has
recommended that the City Council of the City and the Governing Board of the Agency
approve the DDA and the conceptual site plan and elevations for the Housing Project; and
WHEREAS, pursuant to the CRL, the Agency Governing Board and the City Council of the
City have conducted a duly noticed joint public hearing on the DDA, at which public hearing
all persons were given an opportunity to be heard; and
WHEREAS, the City Council of the City of Anaheim has duly considered all of the terms
and conditions of the DDA and believes that the Housing Project is in the best interests of the
City of Anaheim and the health, safety, morals and welfare of its residents, and is in accord
with the public purposes and provisions of applicable state and local law and requirements.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. Approval of Agreement Re: Partial Termination of DDA. The Agreement
Re: Partial Termination of DDA, substantially in the form of the copy which is on file with
the Secretary of the Agency, is hereby approved.
Section 2. Approval of Reimbursement Agreement. The Reimbursement Agreement,
substantially in the form of the copy which is on file with the Secretary of the Agency, is
hereby approved.
Section 3. CRL Section 33433 Findings for Phase II DDA. The City Council hereby
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finds and determines that, based on substantial evidence in the record before it:
(i)
Section 4. Approval of Phase II DDA. The Phase II DDA, substantially in the form of
the copy which is on file with the Secretary of the Agency, is hereby approved.
(ii) the development of the Housing Project will assist in the elimination of blight
in the Redevelopment Project area, will contribute to the provision of housing
for low and moderate income persons, and is consistent with the
Implementation Plan adopted by the Agency for the Redevelopment Plan
THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY
THE CITY COUNCIL OF THE CITY OF ANAHEIM THIS TENTH (10TH) DAY OF
JUNE, 2008, BY THE FOLLOWING ROLL CALL VOTE:
AYES: Mayor Pringle, Council Members Hernandez, Sidhu, Galloway, Kring
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
ATTEST:
CITY CLERK
69290.2
the consideration for the Agency's disposition of the Northwest Agency Parcel
pursuant to the Phase II DDA is not less than the fair reuse value in accordance
with conditions, covenants and development costs required by the Phase II
DDA,
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MAYOR