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ARA1995-10RESOLUTION NO. ARA9 5-10 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY ("AGENCY") APPROVING THE TERMS AND CONDITIONS OF THE COOPERATION AGREEMENT WITH THE CITY OF ANAHEIM ("CITY") CONCERNING ACQUISITION OF REAL PROPERTY IN THE NORTH CENTRAL PORTION OF AGENCY'S COMMERCIAL/INDUSTRIAL REDEVELOPMENT PROJECT AREA. WHEREAS, Agency is charged with implementing the Redevelopment Plan for the Commerical/Industrial Redevelopment Project Area (the "Project Area"); and Vv2-IEREAS, Section 33445 of the Health and Safety Code authorizes the Agency to pay all or a part of the value of the land for and the cost of the installation and construction of any building, facility, structure, or other improvement which is publicly owned; and WHEREAS, an agreement entitled Cooperation Agreement Concerning Acquisition of Real Property in the North Central portion of the Commercial/Industrial Redevelopment Project Area (the "Cooperation Agreement") has been prepared whereby City will acquire certain real property from the County of Orange and the Agency agrees to reimburse the City' therefor; and WHEREAS, the real property to be acquired by the City pursuant to the Cooperation Agreement is hereby determined to be of benefit to the Project Area and the immediate neighborhood in which thc Project Area is located; and WHEREAS, it is hereby determined that no other reasonable means of financing the facilities are available to Ci~'; and WHEREAS, it is hereby determined that the payment of funds for the cost of acquiring the real property will assist in thc elimination of one or more blighting conditions inside the Project Area. NOW, THEREFORE, BE IT RESOLVED by Agency that the terms and conditions of the Cooperation Agreement be, and they are hereby, accepted and approved. BE IT FURTHER RESOLVED that the Chairman and Secretary be, and they are hereby, authorized and directed to execute the Cooperation Agreement on behalf of Agency. THE FOREGOING RESOLUTION is approved and adopted by Agency this 18 day of July ,1995. CHAI~, ,~A~IEI~ I~qSEVELOPME~ENCY SECRETARY, ANAHEIM REDEVELOPMENT AGENCY F: XDOCS\DEVSVCSqRESO L U'r N \RJ R.5707A. DOC STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LEONORA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby certify that the foregoing Resolution No. ARA95-10 was passed and adopted at a regular meeting of the Anaheim Redevelopment Agency held on the 18th day of July, 1995, by the following vote of the members thereof: AYES: NOES: CHAIRMAN/AGENCY: Tait, Lopez, Zemel, Feldhaus, Daly CHAIRMAN/AGENCY: None ABSENT: CHAIRMAN/AGENCY: None AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency signed said Resolution No. ARA95-10 on the 18th day of July, 1995. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 18th day of July, 1995. SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY (SEAL)