83R-436
RESOLUTION NO. 83R-436
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM APPROVING THE PROPOSED DISPOSITION AND
DEVELOPMENT AGREEMENT BETWEEN THE ANAHEIM
REDEVELOPMENT AGENCY AND MEYER INVESTMENT
PROPERTIES, INCORPORATED, A CALIFORNIA
CORPORATION, AND FINDING THAT THE CONSIDERATION
FOR THE SALE OF THE PROPERTY THEREUNDER IS NOT
LESS THAN FAIR MARKET VALUE IN ACCORDANCE WITH
COVENANTS AND CONDITIONS GOVERNING SUCH SALE.
WHEREAS, the Anaheim Redevelopment Agency (the "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 sell, pursuant to the terms and conditions of a Disposition and
Development Agreement, certain real property (the "Site") located in the general
location of Broadway and Harbor Boulevard, also known as Redevelopment Parcels 8 &.
9 in Redevelopment Project Alpha; and
WHEREAS, Meyer Investment Properties, Incorporated, a California corporation
(the "Developer"), has submitted to the Agency a written offer in the form of said
Disposition and Development Agreement to purchase the Site at a fair and equitable
price for uses in accordance with the Redevelopment Plan; and
WHEREAS, the proposed Disposition and Development Agreement contains all
provisions, terms, conditions, and obligations required by State and local law; and
WHEREAS, the Agency has determined that Developer possesses the
qualifications and financial resources necessary to acquire and ensure redevelopment
on the Site in accordance with the purposes and objectives of the Redevelopment
Plan; and
WHEREAS, pursuant to such provIsIons of the California Community
Redevelopment Law, the Agency and the City Council held a joint public hearing on
the proposed sale of the Site and the proposed Disposition and Development
Agreem ent; and
WHEREAS, the Community Redevelopment Commission of the City of Anaheim
has reviewed said Disposition and Development Agreement and has recommended its
approval by the City Council and the Agency; and
WHEREAS, the Agency has prepared a summary setting forth the cost of the
Disposition and Development 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
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WHEREAS, the Agency has certified a Subsequent Environmental Impact Report
prepared by Agency staff, and has found any adverse impact as a result of the sale and
redevelopment of the Site pursuant to the proposed Disposition and Development
Agreement will be mitigated by measures incorporated into the Redevelopment
Project, or will be outweighed and overridden by public benefit; and
WHEREAS, the City Council has duly considered all terms and conditions of the
proposed sale and finds that the redevelopment of the Site pursuant to the proposed
Disposition and Development Agreement is in the best interests of the City and the
health, safety, and welfare of its residents, is in accord with the public purposes and
provisions of applicable State and local law and requirements, and is necessary to
effectuate the Redevelopment Plan.
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
for sale of the Site pursuant to said Disposition and Development Agreement is not
less than fair market value in accordance with covenants and conditions governing
such sale.
2. The sale of the Site by the Agency to the Developer and the
Disposition and Development Agreement which establishes the terms and conditions
for the sale and development of the Site, are hereby approved.
!HE FOREG_OIN~ RESOLUTION is approved and adopted by the City Council of
the CIty of Anaheim thIS 8th day of November , 1983.
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A YOR OF THE CITY OF A AHEIM
ATTEST:
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CIT 5LERK QF THE . . F ANAHEIM
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 83R-436 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 8th day of November, 1983, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Bay, Overholt, Pickler and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 83R-436 on the 8th day of November, 1983.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 8th day of November, 1983.
CI~~~~
(SEAL)
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 83R-436 duly passed and
adopted by the Anaheim City Council on November 8, 1983.
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\;: CITY CLERK
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