86R-401
RESOLUTION NO. 86R~401
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM MAKING CERTAIN ENVIRONMENTAL FINDINGS
WITH RESPECT TO AND APPROVING THE PROPOSED
SECOND AMENDMENT TO THE 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,
Disposition and
Properties, Inc.,
for the sale and
Project Alpha; and
the Agency has heretofore entered into a
Development Agreement with Meyer Investment
dated November 8, 1983 (the "DDA"), providing
redevelopment of a portion of Redevelopment
WHEREAS, the DDA was first amended on December 11, 1984
(the "First Amendment"), in order to provide for the financing,
construction and sale, pursuant to the terms and conditions of the
First Amendment, of a parking structure (the "Parking Structure")
on real property located in the general vicinity of Broadway and
Harbor Boulevard in the City of Anaheim; and
WHEREAS, it is necessary and desirable for the Agency to
enter into a Second Amendment to the DDA (the "Second Amendment")
to modify the amount of financing to be provided by the Agency for
the construction and sale of the Parking Structure; and
WHEREAS, Meyer Investment Properties, Inc., a California
corporation (the "Developer") has submitted to the Agency a
written offer in the form of said Second 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,
provisions, terms,
and local law; and
the proposed
conditions,
Second Amendment contains all the
and obligations required by state
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 Second Amendment; and
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WHEREAS, the Agency has prepared a summary setting forth
the cost of the Second Amendment 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
WHEREAS, the Agency has prepared and certified a
Subsequent Environmental Impact Report for the DDA (the "EIR")
pursuant to the California Environmental Quality Act and State and
local regulations and guidelines adopted pursuant thereto; and
WHEREAS, the Agency has prepared an Initial Study dated
August 15, 1986 for the Second Amendment in order to ascertain
whether the provisions thereof will have a significant effect on
the environment except as identified in the EIR, and whether there
are new environmental impacts resulting from the Second Amendment
not covered in the EIR requiring major revisions thereto or the
preparation of a new subsequent or supplemental environmental
impact report.
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 Second Amendment 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 RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ANAHEIM AS FOLLOWS:
1. The City Council hereby approves and adopts the Initial
Study with respect to the proposed Second Amendment.
2. The City Council hereby certifies that the information
contained in the Initial Study and in the EIR has been reviewed
and considered by the members of the City Council.
3. The City Council hereby finds and determines as follows:
A. No substantial changes are proposed in the
development, or with respect to the circumstances under which the
development project is to be undertaken, which will require major
revisions in the EIR due to the involvement of new environmental
impacts not covered in the EIR; and
B. No Subsequent EIR or Supplement to the EIR is
necessary or required; and
on the
EIR.
C. The proposed action
environment, except as
will have no significant effect
identified and considered in the
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4. The City Council hereby finds and determines that the
consideration for construction and sale of the Parking structure
pursuant to said Second Amendment is not less than fair market
value in accordance with covenants and conditions governing such
sale.
5. The sale of the Parking structure by the Agency to the
Developer and the Second Amendment which establishes the terms and
conditions for such sale are hereby approved.
City
of
THE FOREGOING RESOLUTION is approved and adopted by the
Council of the City of Anaheim this 9th day
September , 1986.
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MAYO
ATTEST:
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CITY CLEHK
OF THE CITY OF ANAHEIM
s.
0002R
082186
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CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SSe
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 86R-401 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 9th day of September, 1986, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Overholt, Bay, 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. 86R-401 on the 9th day of September, 1986.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 9th day of September, 1986.
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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. 86R-401 duly passed and
adopted by the Anaheim City Council on September 9, 1986.
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CITY CLERK