84R-485 RESOLUTION NO. 84R- 485
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM APPROVING THE PROPOSED FIRST AMENDMENT
TO DISPOSITION AND DEVELOPMENT AGREEMENT
BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND
MEYER INVESTMENT PROPERTIES, INC., 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, the Agency has heretofore entered into a Disposition and
Development Agreement with Meyer Investment Properties, Inc., dated November 8,
1983 (the "DDA "), providing for the sale and redevelopment of a portion of
Redevelopment Project Alpha; and
WHEREAS, it is necessary and desirable for the Agency to enter into a First
Amendment to the DDA (the "First Amendment "); and
WHEREAS, in order to implement the Redevelopment Plan, as amended, and the
DDA, Agency proposes to construct and sell, pursuant to the terms and conditions of
the First Amendment, a parking structure (the "Parking Structure ") on real property
located in the general vicinity of Broadway and Harbor Boulevard; and
WHEREAS, Meyer Investment Properties, Inc., a California corporation (the
"Developer ") has submitted to the Agency a written offer in the form of said First
Amendment to purchase the Parking Structure at a fair and equitable price for uses in
accordance with the Redevelopment Plan and the DDA; and
WHEREAS, the proposed First Amendment contains all 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 held a joint public hearing on
the proposed sale of the Parking Structure and the proposed First Amendment; and
WHEREAS, the Agency has prepared a summary setting forth the cost of the
First Amendment to the Agency, the estimated value of the interest to be conveyed
determined at the highest uses permitted under the Development Plan and the
purchase price, and has made said summary available for public inspection in
accordance with the California Community Redevelopment Law; and
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
construction and sale of the Parking Structure pursuant to the proposed First
Amendment and the DDA will be mitigated by measures incorporated into the
Redevelopment Project, or will be outweighed and overridden by public benefit; and
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WHEREAS, the City Council has duly considered all terms and conditions of the
proposed construction and sale of the Parking Structure and finds that such
redevelopment activities pursuant to the proposed First Amendment and the DDA, are
in the best interest of the City of Anaheim, California, and the health, safety, and
welfare of its residents, are in accord with the public purposes and provisions of
applicable state and local law and requirements, and are necessary to effectuate the
Redevelopment Plan.
NOW, THEREFORE, BE IT RESOTYED BY THE CITY COUNCIL OF THE CITY
OF ANAHEIM AS FOLLOWS:
1. The City Council hereby finds and determines that the consideration for
construction and sale of the Parking Structure pursuant to said First Amendment is not
less than fair market value in accordance with covenants and conditions governing
such sale.
2. The sale of the Parking Structure by the Agency to the Developer and the
First Amendment which establishes the terms and conditions for such sale are hereby
approved.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of
the City 3f Anaheim this 11 th day of _December , 1984.
4 /04,, I /O r
MAYOR OF THE CITY OF ANAHEIM
ATTES
2
CITY CI.FRK
OF THE CITY OF ANAHEIM
120/13 -3
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 84R -485 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the llth day of December, 1984, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Bay, Pickier, Overholt 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. 84R -485 on the llth day of December, 1984.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this llth day of December, 1984.
r /
�lhc - d'1 Gl '
'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. 84R -485 duly passed and
adopted by the Anaheim City Council on December 11, 1984.
CITY CLERK