ARA1981-036RESOLUTION N0. ARA81 -36
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING THE PROPOSED SALE OF REAL
PROPERTY IN REDEVELOPMENT PROJECT ALPHA;
APPROVING THE PROPOSED DISPOSITION AND
DEVELOPMENT AGREEMENT PERTAINING THERETO;
AND AUTHORIZING THE EXECUTION OF SAID DIS-
POSITION AND DEVELOPMENT AGREEMENT.
WHEREAS, the Anaheim Redevelopment Agency (the "Agency ")
is engaged in activities necessary to execute and implemeht 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 sell, pursuant to the terms and
provisions of a Disposition and Development Agreement, certain
real property (the "Site ") located on the northeast corner of "Old"
Lincoln Avenue and Claudina Street in Redevelopment Project Alpha;
and
WHEREAS, URO Investments, a general partnership (the
"Developer "), has submitted to the Agency a written offer in the
form of said Disposition and Development Agreement to purchase the
Site at a fair and equitable price for uses in accordance with the
Redevelopment Plan; and
WHEREAS, the proposed Disposition and Development
Agreement contains all the provisions, terms, conditions and ob-
ligations required by State and local law; and
WHEREAS, the Developer possesses the qualifications and
financial resources necessary to acquire and ensure development
of the Site in accordance with the purposes and objectives of the
Redevelopment Plan; and
WHEREAS, the Agency has prepared a summary setting forth
the cost of the Disposition and Development Agreement to the
Agency, the estimated value of the interest to be conveyed deter-
mined 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, 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 hear-
ing on the proposed sale of the Site and the proposed Disposition
and Development Agreement; and
ac
WHEREAS, pursuant to such provisions of the California
Community Redevelopment Law, the City Council, following such joint
public hearing, has found and determined that the consideration for
which the Site is to be sold is not less than its fair market value,
in accordance with the covenants and conditions governing such sale
as provided in the Disposition and Development Agreement; and
WHEREAS, the Community Redevelopment Commission of the
City of Anaheim has reviewed said proposed Disposition and
Development Agreement and has recommended its approval by the City
Council and the Agency; and
WHEREAS, the Agency has adopted the Negative Declaration
of Environmental Impact prepared by Agency staff and has determined
that a Subsequent Environmental Impact Report need not be prepared
in connection with the proposed sale and development of the
Property; and
WHEREAS, the Agency has recorded in the Recorder's Office
of the County of Orange a Notice of Determination for the Negative
Declaration; and
WHEREAS, the Agency has duly considered all terms and
conditions of the proposed sale and finds that the redevelopment
of the Site pursuant to the proposed Disposition and Development
Agreement is in the best interest of the City and the health,
safety, morals, and welfare of its residents, in accord with the
public purposes and provisions of applicable State and local law
and requirements, and is necessary to effectuate the Redevelopment
Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE ANAHEIM
REDEVELOPMENT AGENCY AS FOLLOWS:
1. The sale of the Site by the Agency to the Developer and
the Disposition and Development Agreement which establishes the
covenants and conditions for the sale and development of the Site,
are hereby approved.
2. The Chairman is hereby authorized to execute the
Disposition and Development Agreement on behalf of the Agency and
the Executive Director is hereby authorized to take all steps, and
to sign all other documents and instruments (including, but not
limited to, the Grant Deed), necessary to implement and carry out
the Disposition and Development Agreement on behalf of the Agency.
BE IT FURTHER RESOLVED that the Chairman and Secretary
be, and they are hereby, authorized and directed to execute said
Agreement on behalf of the Anaheim Redevelopment Agency.
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THE FOREGOING RESOLUTION is approved and adopted by the
Anaheim Redevelopment Agency this 24th day of November, 1981.
CHAIRMAN PRO TEM
ANAHEIM REDEVELOPMENT AGENCY
ATTEST:
SECRE
ANAHEIM REDEVELOPMENT AGENCY
MES:fm
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, Secretary of the Anaheim Redevelopment Agency,
do hereby certify that the foregoing Resolution No. ARA81 -36 was
passed and adopted at a regular meeting of the Anaheim Redevelopment
Agency held on the 24th day of November, 1981, by the following vote
of the members thereof:
AYES: AGENCY MEMBERS: Kaywood, Bay and Roth
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: Overholt and Seymour
AND I FURTHER CERTIFY that the Chairman Pro Tem of the Anaheim
Redevelopment Agency signed said Resolution on the 24th day of
November, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 24th
day of November, 1981.
SECRETARY OF THE ANAIMEIM REDEVELOPMENT AGENCY
(SEAL)