ARA1997-03RESOLUTION NO. ARA97-3
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING A DISPOSITION AND DEVELOPMENT
AGREEMENT WITH HALE-KRZAKALA PARTNERSHIP; AND
MAKING CERTAIN ENVIRONMENTAL AND OTHER
FINDINGS WITH RESPECT TO SAID AGREEMENT AND
THE PROJECT TO WHICH IT PERTAINS
WHEREAS, the Anaheim Redevelopment Agency
engaged in activities necessary to effectuate
Plan (the "Plan") for the Alpha Redevelopment
"Project Area");
(the "Agency") is
the Redevelopment
Project Area (the
WHEREAS, pursuant to Health and Safety Code Section 33490, the
Agency adopted an implementation plan for the Project Area (the
"Implementation Plan") that, among other things, sets forth the
specific goals and objectives of the Agency for the Project Area;
WHEREAS, pursuant to the Implementation Plan, the Agency
purposes to enter into that certain Disposition and Development
Agreement (the "Agreement") with the Hale-Krzakala Partnership
("Developer");
WHEREAS, pursuant to the Agreement:
(a) Agency will sell to Developer (i) that certain lot
commonly known as 105 North Rose Street, Anaheim, California
(the "Land"), and (ii) that certain historic residence known
as Grimshaw House (collectively, the ~Property");
(b) Developer will permanently affix Grimshaw House to
the Land and substantially rehabilitate it in conformance with
the U.S. Secretary of the Interior's Standards for Historic
Preservation; and
(c) Agency will make a loan to Developer of up to
$248,145.00 to finance the $15,000.00 purchase price for the
Property and up to $233,145.00 of the rehabilitation budget
for Grimshaw House;
(collectively, the "Project");
WHEREAS, the Agreement
conditions and obligations
Redevelopment Law;
contains all the provisions, terms,
required by the California Community
WHEREAS, Developer possesses the qualifications and financial
resources ~ecessary to acquire and ensure redevelopment of the
Property in accordance with the purposes and objectives of the
Plan;
HALEKRZA.RES ARA-37 -- 1--
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