ARA1992-01RESOLUTION NO. ARA 92-1
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING AN OWNER PARTICIPATION
AGREEMENT WITH CATELLUS DEVELOPMENT
CORPORATION AND MICRO TECHNOLOGY, INC.; AND
MAKING CERTAIN ENVIRONMENTAL FINDINGS IN
CONNECTION THEREWITH
WHEREAS, the Anaheim Redevelopment Agency (the
"Agency") is engaged in activities necessary to implement the
Redevelopment Plan (the "Redevelopment Plan") for Redevelopment
Project Alpha (the "Project" of "Project Area"); and
WHEREAS, Catellus Development Corporation ("Owner")
owns certain property in the Project Area, which property is
generally bounded by Landon Drive on the north, Kellogg Drive
on the east, La Palma Avenue on the south, and Manassero Street
on the west (the "Property"); and
WHEREAS, Micro Technology, Inc. ("Tenant") is a major
employer and fast growing company in the Project Area engaged
in the design, manufacture and marketing of high-technology
computer products; and
WHEREAS, Owner and Tenant have submitted to Agency a
proposed Owner Participation Agreement (the "OPA") pursuant to
which, among other things, (a) Owner will construct for use by
Tenant a building of approximately 130,000 square feet (the
"Premises"); (b) Tenant will continuously employ on the
Premises not less than one hundred and twenty-five (125)
people; (c) Tenant will periodically notify the City of
Anaheim's Job Training Program Division (the "Division") of job
openings on the Premises and work with the Division to fill
said openings with people referred by the Division; and (d)
Agency will provide certain financial assistance for the
project solely out of tax increment generated by the project;
and
WHEREAS, the Agency has prepared a financial analysis
of the project and determined that, at a fair market rent to
Tenant, Owner would not receive a fair rate of return on its
investment and the project would, therefore, be infeasible; and
WHEREAS, pursuant to the California Environmental
Quality Act, as lead agency the City of Anaheim prepared a
Negative Declaration dated June 19, 1991 (the "Negative
Declaration") for the development of the Property (the
"Project"); and
NOW, THEREFORE, BE IT RESOLVED BY THE ANAHEIM
REDEVELOPMENT AGENCY AS FOLLOWS:
1. After review and consideration of the Negative
Declaration for the Project, the Agency hereby finds that the
Negative Declaration is adequate.
2. The Agency hereby approves the OPA.
3. The Agency hereby authorizes the Chairman, Vice-
Chairman, or Executive Director to (a) execute the OPA and all
other documents and instruments necessary or desirable for the
implementation thereof; (b) take all other actions necessary or
desirable for implementation of the OPA; and (c) file a Notice
of Determination for the action of the Agency by this
Resolution.
THE FOREGOING RESOLUTION is approved and adopted by
the Anaheim Redevelopment Agency this 7th day of January, 1992.
~ ' CHAIRMAN ' ~ /
ANAHEIM REDEVELOPMENT AGENCY
ATTEST:
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
RBMT2A
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. ARA92-1 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 7th day of
January, 1992, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Ehrle, Pickler, Daly and Hunter
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: Simpson
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency
signed said Resolution No. ARA92-1 on the 8th day of January, 1992.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 8th day of
January, 1992.
SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY
(SEAL)