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ARA88-007RESOLUTION NO. ARA88-7 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE PROPOSED SALE OF CERTAIN REAL AND CHATTEL PROPERTY IN REDEVELOPMENT PROJECT ALPHA; APPROVING THE PROPOSED DISPOSITION AND DEVELOPMENT AGREEMENT PERTAINING THERETO; AND AUTHORIZING EXECUTION OF SAID DISPOSITION AND DEVELOPMENT AGREEMENT WHEREAS, the Anaheim Redevelopment Agency ("Agency") is engaged in activities to execute and implement the Redevelopment Plan (The "Redevelopment Plan") for Redevelopment Project Alpha (the "Project"); and WHEREAS, in order to implement the Redevelopment Plan, as amended, the Agency proposes to sell, pursuant to the terms and conditions of a Disposition and Development Agreement, certain real property (the "Site"), described as Heritage Square Parcel #3, Parcel Map No. 83-231, Parcel Map Book 184/40-42 in the City of Anaheim, CA, currently addressed as 198 North Vintage Lane, and certain chattel property (the "Structure") located at 208 S. Philadelphia Street in the Project; and WHEREAS, Marcia Castor, Margaret Louise Atkins and Edward Auburn Atkins (the "Developer") have submitted to the Agency a written offer in the form of said Disposition and Development Agreement to purchase the Site at a fair and equitable price for uses in accordance with the Redevelopment Plan; and WHEREAS, the proposed Disposition and Development Agreement contains all the provisions, terms, conditions, and obligations required by State and local law; and WHEREAS, the Developer possesses the qualifications and financial resources necessary to acquire and ensure development of the Site in accordance with the purposes and objectives of the Redevelopment Law; and WHEREAS, pursuant to such provisions of the California Community Redevelopment Law, the Agency and the City Council of the City of Anaheim (the "City Council") held a joint public hearing on the proposed sale of the site and the proposed Disposition and Development Agreement; dnd WHEREAS, pursuant to such provisions of the California Community Redevelopment Law, the City Council, following such joint public hearing, has found and determined that the consideration for which the Site is to be sold is not less than its fair value, in accordance with the covenants and conditions governing such sale as provided in the Disposition and Development Agreement; and is WHEREAS, the Community Redevelopment Commission of the City of Anaheim has reviewed said proposed Disposition and Development Agreement and has recommended its approval by the City Council and the Agency; and WHEREAS, the Community Redevelopment Commission of the City of Anaheim has reviewed said proposed Disposition and Development Agreement and has recommended its approval by the City Council and the Agency; and -1- WHEREAS, the Agency has certified the Initial Study of Environmental Impact prepared by Agency staff and has determined that Subsequent Environmental Impact Report need not be prepared in connection with the proposed sale and development of the Property; and WHEREAS, the Agency has duly considered all terms and conditions is of the proposed sale and finds that the development of the Site and the Structure pursuant to the proposed Disposition and Development Agreement is in the best interest of the City and the health, safety, morals, and welfare of its residents; is in accord with the public purposes and provisions of applicable State requirements and is necessary to effectuate the Redevelopment Plan. NOW THEREFORE, BE IT RESOLVED BY THE ANAHEIM REDEVELOPMENT AGENCY AS FOLLOWS: 1. The sale of the Site and Structure by the Agency to the Developer and the Disposition and Development Agreement which establishes the covenants and conditions for the sale and development of the Site and Structure are hereby approved. 2. The Chairman is hereby authorized to execute the Disposition and Development Agreement on behalf of the Agency and the Executive Director is herby authorized to take all steps, and to sign all other documents and instruments (including but not limited to, the Grant Deed) necessary to implement and carry out the Disposition and Development Agreement on behalf of the Agency. ` BE IT FURTHER RESOLVED that the Chairman and the Secretary are hereby authorized and directed to execute said Agreement on behalf of the Anaheim Redevelopment Agency. THE FOREGOING RESOLUTION is approved and adopted by the Anaheim Redevelopment Agency this 23rd day of February , 1988. ATTEST: ACTING SECRETARY ANAHEIM REDEVELOPME AGENCY RVZ:bh/0933R/ 021288 -2- CHAIRMAN ANAHEIM REDEVELOPMENT AGENCY STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF ANAHEIM ) I, ANN M. SAUVAGEAU, Acting Secretary of the Anaheim Redevelopment Agency, do hereby certify that the foregoing Resolution No. ARA88-7 was passed and adopted at a regular meeting of the Anaheim Redevelopment Agency held on the 23rd day of February, 1988, by the following vote of the members thereof: AYES: AGENCY MEMBERS: Ehrle, Hunter, Kaywood, Pickler and Bay NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: None AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency signed said Resolution on the 23rd day of February, 1988. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 23rd day of February, 1988. ACTING SECRETARY 0 THE ANAHEIM REDEVELOPMEAGENCY (SEAL) r� U