1979-305RESOLUTION NO. 79R -305
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM CERTIFYING THE INITIAL STUDY WITH
RESPECT TO THE PROPOSED PARTICIPATION AGREE-
MENT BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY
AND SANTA FE LAND IMPROVEMENT COMPANY; FIND-
ING 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; AND APPROVING
THE SALE OF SUCH PROPERTY AND SAID PARTICIPATION
AGREEMENT
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, the
Agency proposes to sell certain real property (the "Property
in Redevelopment Project Alpha, pursuant to the terms and pro-
visions of a Participation Agreement and which Property is de-
scribed in the said Agreement and incorporated herein by
reference; and
WHEREAS, Santa Fe Land Improvement Company, (the "Partici-
pant") has submitted to the Agency a written offer in the form
of said Participation Agreement to purchase the Property for
uses in accordance with the Redevelopment Plan; and
WHEREAS, the proposed Participation Agreement contains all
the provisions, terms and conditions and obligations required
by State and local law; and
WHEREAS, the Participant possesses the qualifications and
financial resources necessary to acquire and insure redevelop-
ment of the Property in accordance with the purposes and objec-
tives 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 Property and
the proposed Participation Agreement; and
WHEREAS, the Community Redevelopment Commission of the City
of Anaheim has reviewed said proposed Participation 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 Participation 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
WHEREAS, the Agency has approved an Initial Study of En-
vironmental Impact prepared by Agency staff and has determined
that a subsequent environmental impact report need not be pre-
pared in connection with the proposed sale and development of
the Property; and
WHEREAS, the City Council has duly considered all terms and
conditions of the proposed sale and believes that the redevel-
opment of the Property pursuant to the proposed Participation
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 purposes and provisions of applicable State and local
law and requirements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ANAHEIM AS FOLLOWS:
1. The City Council hereby certifies that the information
contained in the Initial Study has been reviewed and considered
by the members of the City Council.
2. The City Council hereby approves the Initial Study with
respect to the proposed Participation Agreement between the
Agency and Santa Fe Land Improvement Company and finds as follows:
(1) No substantial changes are proposed in the
Redevelopment Project, or with respect to
the circumstances under which the Project
is to be undertaken, which will require
major revisions in the Environmental Impact
Reports previously adopted for the Project
due to the involvement of new environmental
impacts not covered in said previous Envir-
onmental Impact Reports.
(2) No Subsequent or Supplement to EIR is necessary
or required; and
(3) The proposed action will have no significant
effect on the environment, except as identi-
fied and considered in the previous EIRs.
3. The City Council hereby finds and determines that the
consideration for sale of the Property pursuant to said Parti-
cipation Agreement is not less than fair market value in accor-
dance with covenants and conditions governing such sale.
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4. The sale of the Property by the Agency to Santa Fe
Land Improvement Company and the Participation Agreement which
establishes the terms and conditions for the sale and develop-
ment of the Property, are hereby approved.
THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City of Anaheim this 29th day of May
1979.
ATTEST:
CITY LERK
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. 79R -305 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 29th day of May, 1979, 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. 79R -305 on the 29th day of May, 1979.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 29th day of May, 1979.
(SEAL)
CITY ERK OF THE CITY
F ANAHEIM
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 79R -305 duly passed and adopted
by the Anaheim City Council on May 29, 1979.
CITY CLERK