80R-346 RESOLUTION NO. 80R -346
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM MAKING CERTAIN FINDINGS WITH RE-
SPECT TO THE CONSIDERATION TO BE RECEIVED BY
THE ANAHEIM REDEVELOPMENT AGENCY PURSUANT TO
A DISPOSITION AND DEVELOPMENT AGREEMENT BE-
TWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND
KING OF CALIFORNIA, INC. FOR THE SALE AND
DEVELOPMENT OF CERTAIN REAL PROPERTY; APPROV-
ING THE PROPOSED SALE OF SAID REAL PROPERTY;
CONSENTING TO THE PROVISION OF CERTAIN PUBLIC
IMPROVEMENTS BY THE AGENCY; AND APPROVING THE
DISPOSITION AND DEVELOPMENT AGREEMENT PERTAIDT-
ING THERETO.
WHEREAS, the Anaheim Redevelopment Agency (the "Agency ")
is engaged in activities necessary to execute and implement the
Redevelopment Plan for Redevelopment Project Alpha (the "Project ");
and
WHEREAS, in order to implement the Redevelopment Plan,
the Agency proposes to sell certain real property (the "Site "), in
the Project area, pursuant to the terms and provisions of a
Disposition and Development Agreement (the "Agreement ") and which
property is described in said Agreement; and
WHEREAS, King of California, Inc. (the "Developer ") has
submitted to the Agency a written offer in the focm of said
Agreement to purchase the Site; and
WHEREAS, the proposed Agreement contains all the provi-
sions, terms, conditions and obligations required by State and
local law; and
WHEREAS, Developer possesses the qualifications and
financial resources necessary to acquire and insure development of
the Site, in accordance with the purposes and objectives of the
Redevelopment Plan; and
WHEREAS, Agency has prepared, and the City Council has
reviewed and considered, a Summary Report setting forth the cost
of the Agreement to the Agency, the estimated value of the inter-
ests to be conveyed determined at the highest uses per_mitted under
the Redevelopment Plan, and the purchase price, and made said
Summary Report available for public inspection in accordance with
the California Community Redevelopment Law; and
WHEREAS, the City Council has found on the basis of an
Initial Study that said Agreement will not result in substantial
changes in the Project a)< the circumstances under which the Project
is to be undertaken, that no Negative Declaration, Subsequent
Environmental Impact Report, or Supplement to an Environmental
-1-
Impact Report is required, and that the proposed action will have
no significant effect on the environment except as identified and
considered in the previous environmental impact report; and
WHEREAS, pursuant to the provisions of the California
Redevelopment Law, the Agency and the City Council have held a
duly noticed joint public hearing on the proposed Sale of Site
and the proposed Agreement; and
WHEREAS, the City Council has considered all terms
and conditions of the proposed sale and believes that the rede-
velopment of the Site pursuant to the proposed Agreement is in
the best interests of the City and the health, safety, morals
and welfare of its residents, and in accord with the public pur-
poses and provisions of the applicable State and local laws.
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 the sale of the Site pursuant to the Disposi-
tion and Development Agreement between the Agency and Developer
is not less than the fair market value of the Site in accordance
with the covenants and conditions governing the sale.
2. The City Council hereby finds and determines that the
consideration for sale of the Site pursuant to the Agreement is
equivalent to the estimated value at the highest use permitted
under the Redevelopment Plan, as set forth in said Summary Report.
3. The City Council hereby finds and determines that the
provision by the Agency of certain public improvements to the
Site pursuant to the Agreement, which improvements would other-
wise be the responsibility of the Developer, is necessary to
effectuate the purposes of the Redevelopment Plan.
4. The City Council hereby consents to the provision of
said public improvements by the Agency.
5. The sale of the Site by the Agency to Developer and the
Disposition and Development Agreement which establishes the terms
and conditions for the sale and development of the Site, are
hereby approved.
THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City of Anaheim this 5th day of August, 1980.
/01 A r. O y AN•'E
ATTEST: /
-C-2
CITY CLERK OF THE ITY OF ANAHEIM
MES : fm -2-
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. 80R -346 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 5th day of August, 1980, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said
Resolution No. 80R -346 on the 5th day of August, 1980.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 5th day of August, 1980.
/, .
CITY CL OF THE CITY :F ANAHEIM
(SEAL)
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 80R -346 duly passed and adopted
by the Anaheim City Council on August 5, 1980.
CITY CLERK