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88-315RESOLUTION NO. 88R-315 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM APPROVING THE SALE OF CERTAIN PROPERTY IN THE ALPHA REDEVELOPMENT PROJECT AREA TO RAYMOND A. AND CONNIE Y. MASCIEL; APPROVING THE DISPOSITION AND DEVELOPMENT AGREEMENT PERTAINING THERETO; AND MAKING CERTAIN FINDINGS WITH RESPECT TO SUCH SALE WHEREAS, the Anaheim Redevelopment Agency (the "Agency") is engaged in activities necessary to carry out and implement the Redevelopment Plan for the Alpha Redevelopment Project (the "Project"); and WHEREAS, in order to carry out and implement such Redevelopment Plan, the Agency proposes to sell certain property to Raymond A. and Connie Y. Masciel (the "Developer") pursuant to the terms and provisions of a certain Disposition and Development Agreement (the "Agreement"), which Agreement contains a description of said property and provides for the development and construction thereon of an approximately 27,000 square foot, two-story office building with onsite parking; and WHEREAS, the Developer has submitted to the Agency and this City Council of the City of Anaheim copies of said proposed Agreement in a form desired by the Developer; and WHEREAS, pursuant to the California Community Redevelopment Law (California Health and Safety Code, Section 33000 st seq.) the Agency and this City Council held a joint public hearing on the proposed sale of such real property pursuant to such Agreement; having duly published notice of such public hearing and made copies of the proposed Agreement, and other reports and documents available for public inspection and comment; and WHEREAS, the City Council has duly considered all terms and conditions of the proposed sale of the real property and believes that the redevelopment of the real property pursuant to the proposed Agreement is in the best interests of the City and the health, safety, morals and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law and requirements. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim as follows: 1. The City Council 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 City Council 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 City Council hereby authorizes the City Clerk to deliver a copy of this Resolution to the Executive Director and members of the Agency. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 9th day of __~, 1988. MAYOR OF ATTEST CITY CLERK OF THE CITY OF ANAHEIM CLERK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LEONORA N. SOHL, City Clerk of t~e City of Anaheim, do hereby certify that the foregoing Resolution No. 88R-315 was introduced and adopted at a regular meeting provided by law, of tl~e City Council of the City of Anaheim held on the 9th day of August, 1988, by tl~e following vote of the members thereof: AYES: COUNCIL iqEMBERS: ~lrle, Kaywood, Pickler and Bay NOES: COUNCIL M~4BERS: None ABSENT: COUNCIL MEMBERS: Hunter ~qD i FURTHER certify that the Mayor of the City of ~naheim signed said Resolution No. 88R-315 on the 10tl~ day of August, 1988. IN WITNESS WHEREOF, I have ~ereunto set my hand and affixed the seal of the City of A~m~eim this 10th day of August, 1988. CiTY CLERK OF THE CiTY OF ANAHEIM (SEAL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 88R-315 duly passed and adopted by the Anaheim City Council on August 9, 1988. OF THE CITY OF ANAHEIM