ARA88-020RESOLUTION NO. ARA98-20
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING THE SALE OF CERTAIN REAL
PROPERTY IN THE ALPHA REDEVELOPMENT PROJECT
AREA; APPROVING THE DISPOSITION AND
DEVELOPMENT AGREEMENT PERTAINING THERETO;
AND AUTHORIZING THE EXECUTION OF SAID
DISPOSITION AND DEVELOPMENT AGREEMENT.
WHEREAS, the Anaheim Redevelopment Agency (the "Agency")
is engaged in activities necessary to carry out and implement the
Redevelopment Plan (the "Redevelopment Plan") for Redevelopment
Project Alpha (the "Project"); and
WHEREAS, in order to carry out and implement the
Redevelopment Plan, the Agency proposes to sell, pursuant to the
terms and conditions of a Disposition and Development Agreement
(the "Agreement"), certain real property (the "Site") commonly
known as 211 and 217 N. Clementine Street, which Site is more
particularly described in the Agreement; and
WHEREAS, Armando C. and Mirta L. Hernandez, Co -Trustees
of the Hernandez Trust (the "Developer") have submitted to the
Agency a written offer in the form of said Agreement to purchase
the Site at a fair and equitable price for uses in accordance with
the Redevelopment Plan; and
WHEREAS, the proposed 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 Plan; and
WHEREAS, the Agency has prepared a summary setting forth
the cost of the Agreement to the Agency, the estimated value of
the interest to be conveyed determined at the highest uses
permitted under the Redevelopment Plan and the purchase price, and
has made said summary available for public inspection in
accordance with the California Community Redevelopment Law; and
WHEREAS, pursuant to such provisions of
Community Redevelopment Law, the Agency and the
the City of Anaheim (the "City Council") held a
hearing on the proposed sale of the Site and the
Agreement, having duly published notice of such
made copies of the Agreement, other reports and
available for public inspection and comment; and
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the California
City Council of
joint public
proposed
public hearing and
documents
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 market value in accordance with the covenants and
conditions governing such sale as provided in the Agreement; and
WHEREAS, the Agency has duly considered all terms and
conditions of the proposed sale and believes that the
redevelopment of the Site pursuant to the Agreement is in the best
interests of the City and the health, safety, morals, and welfare
of its residents, and is in accord with the public purposes and
provisions of applicagble State and local law and requirements.
NOW, THEREFORE, BE IT RESOLVED by the Anaheim
Redevelopment Agency as follows:
1. The Agency hereby finds and determines that the
consideration to be paid by the Developer for the sale of the real
property as described in the Agreement is not less than fair
market value in accordance with the covenants and conditions
governing such sale as set forth in the Agreement. The Agency
hereby further finds and determines that all consideration to be
paid under the Agreement is in amounts necessary to effectuate the
purposes of the Redevelopment Plan for the Alpha Redevelopment
Project.
2. The sale of the real property, and the Agreement
which establishes the terms and conditions for the sale and
development of the real property, are hereby approved.
3. The Chairman of the Agency is hereby authorized to
execute the Agreement on behalf of the Agency, provided that the
City Council has first approved the Agreement and the sale of the
real property pursuant to such Agreement.
4. The Executive Director of the Agency is hereby
authorized, on behalf of the Agency, to sign all documents
necessary and appropriate to carry out and implement the Agreement
(including, without limitation, the Grant Deed) and to administer
the Agency's obligations, responsibilities and duties to be
performed under the Agreement.
THE FOREGOING RESOLUTION is approved and adopted by the
Anaheim Redevelopment Agency, this 30th day of August ,
1988.
Chairman
Anaheim Redevelopment Agency
ATTEST:
Secretary
Anaheim Redevelopment Agency
0207P
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LEONORA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby
certify that the foregoing Resolution No. ARA88-20 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 30th day of
August, 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 31st day of August, 1988.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 31st day of
August, 1988.
SECRETARY OF THE ANAHEIM REDEVELO ENT AGENCY
(SEAL)