ARA1987-016RESOLUTION NO. ARA87 - 16
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING THE PROPOSED SALE OF CERTAIN
REAL PROPERTY IN REDEVELOPMENT PROJECT ALPHA;
APPROVING THE PROPOSED OWNER PARTICIPATION
AGREEMENT PERTAINING THERETO; AND AUTHORIZING
EXECUTION OF SAID OWNER PARTICIPATION AGREEMENT
WHEREAS, the Anaheim Redevelopment Agency ( "Agency ") is
engaged in activities 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 sell, pursuant to the terms and
conditions of an Owner Participation Agreement, certain real
property (the "Site "), described as Block 2 of Parcel 2, located
at 310 W. Cypress Street in the Project; and
WHEREAS, William E. Fackiner and Helen E. Fackiner (the
"Developer ") has submitted to the Agency a written offer in the
form of said Owner Participation Agreement to purchase the Site at
a fair and equitable price for uses in accordance with the
Redevelopment Plan; and
WHEREAS, the proposed Owner Participation Agreement
contains all the provisions, terms, conditions, and obligations
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 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 sale of the Site and the proposed Owner
Participation Agreement; and
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 value, in accordance with the covenants and conditions
governing such sale as provided in the Owner Participation
Agreement ; and
WHEREAS, the Community Redevelopment Commission of the
City of Anaheim has reviewed said proposed Owner Participation
Agreemnt and has recommended its approval by the City Council and
the Agency; and
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WHEREAS, the Agency has certified the Initial Study 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 duly considered all terms and
conditions of the proposed sale and finds that the development of
the Site pursuant to the proposed Owner Participation Agreement is
in the best interest of the City and the health, safety, morals,
and welfare of its residents; is 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 Owner Participation Agreement which establishes the covenants
and conditions for the sale and development of the Site and
Structure 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 Owner Participation Agreement on behalf of the Agency.
BE IT FURTHER RESOLVED that the Chairman and the
Secretary are hereby authorized and directed to execute said
Agreement on behalf of the Anaheim Redevelopment Agency.
THE FOREGOING RESOLUTION
Anaheim Redevelopment Agency, this
of Au gust � 1987.
ATTEST:
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
LC. DV. sp
2043C
is approved and adopted by the
11th day
CHAIRMAN
ANAHEIM REDEVELOPMENT AGENCY
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LEONO1tA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby
certify that the foregoing Resolution No. ARA87 -16 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 11th day of
August, 1987, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Ehrle, Hunter, Pickler, Kaywood and Bay
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 11th day of August, 1987.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 11th day of
August, 1987.
& �� &.-
SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY
(SEAL)