ARA1979-012RESOLUTION NO. ARA79- 12
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY
MAKING CERTAIN FINDINGS WITH RESPECT TO THE
CONSIDERATION TO BE RECEIVED BY THE ANAHEIM
REDEVELOPMENT AGENCY PURSUANT TO A PARTICIPATION
AGREEMENT BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY
AND ROBERT EUGENE BENTLEY AND SHARON LYNN BENTLEY
FOR THE SALE AND DEVELOPMENT OF CERTAIN REAL
PROPERTY LOCATED AT THE NORTHEAST CORNER OF LINCOLN
AVENUE AND HARBOR BOULEVARD; APPROVING THE PROPOSED
SALE OF SAID REAL PROPERTY AND THE DISPOSITION AND
DEVELOPMENT AGREEMETNT PERTAINING THERETO; AND
AUTHORIZING THE EXECUTION AND IMPLEMENTATION OF SAID
PARTICIPATION AGREEMENT.
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, Robert Eugene Bentley and Sharon Lynn Bentley
(the "Developer ") has submitted to the Agency a written offer in
the form of said Agreement to purchase the Site; and
WHEREAS, the proposed Agreement contains all the
provisions, 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, the Agency has prepared, reviewed and
considered a Summary Report setting forth the cost of the Agree-
ment to the Agency, the estimated value of the interests to be
conveyed determined at the highest uses permitted under the
Redevelopment Plan, and the purchase price, and has made said
Summary Report available for public inspection in accordance
with the California Community Redevelopment Law; and
WHEREAS, the Agency has found on the basis of an
Initial Study that said Agreement will not result in substan-
tial changes in the Project or the circumstances under which
the Project is to be undertaken, that no Negative Declaration,
Subsequent Environmental Impact Report or Supplement to an
Environmental Impact Report is required, and the the proposed
-1-
action will have no significant effect on the environment
except as identified and considered in the previous environ-
mental impact report; and
WHEREAS, pursuant to the provisions of the California
Community Redevelopment Law, the Agency and the City Council of
the City of Anaheim have held a duly noticed joint public
hearing on the proposed sale of the Site and the proposed
Agreement; and
WHEREAS, the Agency has duly considered all terms
and conditions of the 'proposed sale, and believes that the
redevelopment 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
purposes and provisions of applicable State and local law.
NOW, THEREFORE, BE IT RESOLVED by the Anaheim
Redevelopment Agency as follows:
1. The Agency hereby finds and determines that the
participation consideration for the sale of the Site pursuant to
the Agreement between the Agency and Robert Eugene Bentley and
Sharon Lynn Bentley is not less than the fair market value of
the Site in accordance with the covenants and conditions
governing the sale.
2. The Agency hereby finds and determines that the con-
sideration for the sale of the Site pursuant to said Agreement
is less than the estimated value at the highest use permitted
under the Redevelopment Plan as set forth in said Summary Report,
and that such lesser consideration is necessary to effectuate the
purposes of the Redevelopment Plan.
3. The sale of the Site by the Agency to Robert Eugene
Bentley and Sharon Lynn Bentley and the Disposition and Develop-
ment Agreement which establishes the terms and conditions for
the sale and development of the Site, are hereby approved.
4. The Chairman of the Agency is hereby authorized and
directed to execute the Participation Agreement on behalf of
the Anaheim Redevelopment Agency.
5. The Executive Director is hereby authorized to take
all steps, and to sign all documents and instruments (including
but not limited to the Grant Deed), necessary to implement and
carry out the Agreement on behalf of the Agency.
THE FOREGOING RESOLUTION is approved and adopted by
the Anaheim Redevelopment Agency this 13th of February,
1979. .� r
ATTEST: �n niVixiv
ANAHEIM REDOVELOPMENT AGENCY
' SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
MES : j h -2-
Alml�.
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. ARA79 -12 was passed and
adopted at a regular meeting of the Anaheim Redevelopment Agency held on
the 13th day of February, 1979, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Overholt, Kaywood, Kott, Roth and Seymour
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: None
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment
Agency signed said Resolution on the 13th day of February, 1979.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 13th day of
February, 1979.
SECRETARIt OF THE ANAHEI REDEVELOPMENT AGENCY
(SEAL)