92-227 RESOLUTION NO. 92R~227
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM
FINDING THAT THE CONSIDERATION FOR THE SALE OF THE
PROPERTY THEREUNDER IS BELOW FAIR VALUE BUT IS DEEMED
APPROPRIATE, GIVEN THE BENEFITS TO THE COMMUNITY
PROVIDED UNDER THE EXCHANGE AGREEMENT AND THE REDUCTION
OF REDEVELOPMENT AGENCY MAINTENANCE COSTS ASSOCIATED
WITH THE PROPERTY; AND APPROVING THE TRANSFER OF SUCH
PROPERTY.
WHEREAS, the Anaheim Redevelopment Agency ("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 exchange certain real
property (the "Site"), described in Attachment 1, pursuant to an
Exchange Agreement between the Agency and Vineyard Historic
Homes (the "Developer"), to complete a development project under
a previously approved Disposition and Development Agreement
between the Agency and Developer.
WHEREAS, the Agency and the Developer have entered into
a Disposition and Development Agreement, dated as of September
25, 1990 and as subsequently amended, whereby the Agency agreed
to convey to the Developer ten parcels of real property and the
Developer agreed to rehabilitate the historic houses and sell to
owner-occupants; and
WHEREAS, the Developer has entered an agreement to sell
to an owner-occupant a certain parcel of real property located
at 200 North Philadelphia Street° Such parcel was acquired
pursuant to the Disposition and Development Agreement and is
improved with a rehabilitated historic house; and
WHEREAS, the City of Anaheim, a California municipal
corporation and chartered city (the "City"), in cooperation with
the Agency for the implementation of the redevelopment plan for
the Alpha Redevelopment Project (the "Street Parcel"), has
constructed a public street on a portion of the property in
order to create a cul-de-sac at the end of Philadelphia Street;
and
WHEREAS, the Agency is the owner of a certain strip of
real property adjacent to the Property which is landscaped but
is not suitable for development thereon, as more particularly
described on Exhibit hereto and incorporated herein (the
"Remnant Parcel"). The Agency is obligated by the City Code to
maintain the landscaping on the Remnant Parcel; and
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WHEREAS, The City has approved a lot line adjustment
which would adjust the boundaries of the lot line of the
Property to include the Remnant Parcel and allow for the road
and public utility easement; and
WHEREAS, by the Exchange Agreement, the Agency desires
to grant fee title to the Remnant Parcel to the Developer, and
in consideration thereof, the Developer desires to grant to the
city an easement to the Street Parcel; and
WHEREAS, the Exchange Agreement contains all the
p~ovisions, 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 of
the City of Anaheim (the "city Council") held a joint public
hearing on the proposed conveyance of the Site, pursuant to the
Exchange Agreement, and the conveyance of an easement for road
and public utility improvements to the City of Anaheim; and
WHEREAS, the Agency has prepared a Summary Report
setting forth the cost and value of the Site to the Agency, the
estimated value of the interest to be conveyed determined at the
highest uses permitted and the purchase price, and has made said
Summary available for public inspection in accordance with
Section 33433 of the California Community Redevelopment Law; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ANAHEIM, AS FOLLOWS:
1. Based upon the foregoing review, the city Council
hereby finds and determines as follows:
A. The City Council hereby finds and determines
that the consideration for 6onveyance of the site is below fair
market value but is deemed appropriate, given the benefits to
the community and the reduction in maintenance costs to the
Agency and is in conformance with the Exchange Agreement and the
Disposition and Development Agreement.
B. The conveyance of the Site pursuant to the
Exchange Agreement is hereby apprgved.
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THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City of Anaheim, this 3rd day of
November , 1992.
CI~Y~H
MAYOR OF THE EIM
ATTEST:
CITY CLERK OF THE ~ITY OF ANAHEIM
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RESO-4
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. 92R-227 was introduced and adopted at a regular meeting provided by law, of the Anaheim City Council
held on the 3rd day of November, 1992, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Simpson, Ehde, Pickler, Daly and Hunter
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor Pro Tern of the City of Anaheim signed said Resolution
No. 92R-227 on the 4th day of November, 1992.
IN WITNESS WHEREOF, I have hereunto set my hand and 8:ffixed the official seal of the City of Anaheim
this 4th day of November, 1992.
(SEAL)
I, LEONORA N. SOHI.,, Cite Clerk of the City of Anaheim, do hereby certify that the foregoi~ng is the original
of Resolution No. 92R-227 was duly passed and adopted by the City Council of the City of Anaheim on
November 3, 1992.
CITY CLERK OF THE CITY OF ANAHEIM