ARA1979-067RESOLUTION NO. ARA79 -67
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING THE PROPOSED SALE OF REAL
PROPERTY IN REDEVELOPMENT PROJECT ALPHA;
APPROVING THE PROPOSED PARTICIPATION AGREE-
MENT PERTAINING THERETO; AND AUTHORIZING
THE EXECUTION OF 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 provisions of a Participation Agreement which Prop-
erty is located at the northeast corner of Broadway and
Anaheim Boulevard; and
WHEREAS, Dan W. Heil and William C. Stookey, a
Partnership, (the "Participant ") has submitted to the Agency
a written offer in the form of said Participation Agreement
to purchase the Property at a fair and equitable price for
uses in accordance with the Redevelopment Plan; and
WHEREAS, the proposed Participation Agreement con-
tains 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 devel-
opment of the Property 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 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, pursuant to such provisions of the Cali-
fornia 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 sale of the property and
the proposed Participation Agreement; and
WHEREAS, pursuant to such provisions of the Cali-
fornia Community Redevelopment Law the City Council following
such joint public hearing, has found and determined that the
consideration for which the Property is to be sold is not less
than its fair market value, in accordance with the provisions
of the 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 approved the Initial Study
of Environmental Impact prepared by Agency staff and has deter-
mined that a subsequent environmental impact report need not
be prepared in connection with the proposed sale and develop-
ment of the Property; and
WHEREAS, the Agency has duly considered all terms
and conditions of the proposed sale and believes that the
redevelopment of the Property pursuant to the proposed Parti-
cipation Agreement is in the best interest 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 ANAHEIM
REDEVELOPMENT AGENCY AS FOLLOWS:
1. The sale of the Property by the Agency to the
Participant and the Participation Agreement which establishes
the terms and conditions for the sale and development of the
Property, are hereby approved.
2. The Chairman is hereby authorized to execute
the Participation 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 Participation Agreement on behalf of the
Agency.
BE IT FURTHER RESOLVED that the Chairman and Secre-
tary be, and they are hereby, authorized and directed to
execute said Agreement on behalf of.the Anaheim Redevelopment
Agency.
THE FOREGOING RESOLUTION is approved and adopted by
the Anaheim Redevelopment Agency this 3rd day / e4,, July, 1979.
ATTEST:
/,/ ANAHEIM REDEV OPMENT AGENCY
SECRETARY ( / / /
ANAHEIM REDEVELOPMENT AGENCY
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 -67 was passed and
adopted at a regular meeting of the Anaheim Redevelopment Agency held on
the 3rd day of July, 1979, by the.following vote of the members thereof:
AYES: AGENCY MEMBERS: Kaywood, Bay, Roth and Seymour
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: Overholt
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment
Agency signed said Resolution on the 3rd day,of July, 1979.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 3rd day of
July, 1979.
SECRETARY OF THE ANAHEIM EDEVELOPMENT AGENCY
(SEAL)
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