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ARA1992-24RESOLUTION NO. ARA 92-24 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING THE PROPOSED CONVEYANCE OF CERTAIN REAL PROPERTY IN CONNECTION WITH A DISPOSITION AND DEVELOPMENT AGREEMENT PERTAINING THERETO WHEREAS, the Anaheim Redevelopment Agency ("Agency") is engaged in activities necessary 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 convey, pursuant to an Exchange Agreement with Vineyard Historic Homes (the "Developer"), certain real property (the "Site"), as described in Attachment 1 in exchange for the conveyance of an easement for street and public utility purposes; and WHEREAS, the Agency and ~e Developer have entered into a Disposition and Development Agreement, dated as of September 25, 1990 and as subsequently amended, whereby the Agency agreed to convey ten parcels of real property to the Developer; and the Developer agreed to rehabilitate the historic houses thereon, and sell the rehabilitated houses to owner-occupants; and WHEREAS, the Developer has entered an agreement to sell to an owner-occupant a certain parcel of real property located at 200 North Philadelphia Street. Such parcel was acquired pursuant to the Disposition and Development Agreement and is improved with a rehabilitated historic house; and WHEREAS, the City of Anaheim, a California municipal corporation and chartered city (the "City"), in cooperation with the Agency for the implementation of the redevelopment plan for the Alpha Redevelopment Project, has constructed a public street on a portion of the Property (the "Street Parcel"), in order to create a cul-de-sac at the end of Philadelphia Street; and WHEREAS, the Agency is the owner of a certain strip of real property adjacent to the Property which is landscaped but is not suitable for development thereon (the "Remnant Parcel"). The Agency is obligated by the City Code to maintain the .. landscaping on the Remnant Parcel; and WHEREAS, the City has approved a lot line adjustment which would adjust the boundaries of the lot line of the Property to include the Remnant Parcel and exclude the Street Parcel; and -1- WHEREAS, by the Exchange Agreement, the Agency desires to grant fee title to the Remnant Parcel to the Developer, and in consideration thereof, the Developer desires to grant to the City an easement for road and public utility purposes; and WHEREAS, the Exchange Agreement contains all the provisions, terms, conditions, and obligations required by State and local 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") approved the Disposition and Development Agreement; 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 conveyance of the Site, pursuant to the Exchange Agreement, and the conveyance of an easement for road and public utility improvements to the City of Anaheim; and WHEREAS, the Agency has prepared a Summary Report setting forth the cost and value of the site to the Agency, the estimated value of the interest to be conveyed determined at the highest uses permitted and the purchase price, and has made said Summary available for public inspection in accordance~with Section 33433 of the California Community Redevelopment Law; and WHEREAS, the Agency has duly considered all terms and conditions of the proposed sale in connection with the Exchange Agreement and finds that the conveyance of the Site is in the best interest of the City ~nd.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 conveyance of the Site by the Agency to the Developer, pursuant to the Exchange Agreement, facilitates the completion of the development project under the Disposition and Development Agreement. ~. 2. The Exchange Agreement is hereby approved. The Agency hereby authorizes the Chairman to execute the Exchange Agreement and the Deed on behalf of the Agency and the Executive Director is hereby authorized'to take all steps, and to sign all other documents and instruments necessary to implement and carry out the Exchange of real property pursuant to the Exchange Agreement. -2- THE FOREGOING RESOLUTION is approved and adopted by the Anaheim Redevelopment Agency this 3rd day of November 1992. ' ANAHEIM REDEVELO] :NT AGENCY ATTEST' SECRETARY ANAHEIM REDEVELOPMENT AGENCY RESO-3 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. ARA92-24 was passed and adopted at a regular meeting of the Anaheim Redevelopment Agency held on the 3rd day of November, 1992, by the following vote of the members thereof: AYES: AGENCY MEMBERS: Simpson, Ehde, Pickler, Daly and Hunter NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: None AND I FURTHER CERTIFY that the Vice Chairman of the Anaheim Redevelopment Agency signed said Resolution No. ARA92-24 on the 4th day of November, 1992. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 4th day of November, 1992. SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY (SEAL)