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5450a ORDINANCE NO.5450 AN ORDINANCE OF THE CITY OF ANAHEIM REPEALING ORDINANCE NO. 5025 AND APPROVING THE CANCEL- LATION OF DEVELOPMENT AGREEMENT NO. 88-05 WHEREAS, the City Council did, on May 2, 1989, adopt Ordinance No. 5025, which ordinance did approve Development Agreement No. 88-05 with California Drive -In Theatres, Inc.; and WHEREAS, said development agreement contemplated the development of property for office purposes; and, WHEREAS, the need for office development has substantially diminished; and, WHEREAS, California Drive -In Theatres, Inc., has requested cancellation of Development Agreement No. 88-05 and has executed an agreement to cancel said Development Agreement and offered consideration to the City of Anaheim for the cancellation. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES ORDAIN AS FOLLOWS: SECTION 1. That Ordinance No. 5025 be, and the same is hereby, repealed. SECTION 2. That the cancellation of Development Agree- ment No. 88-05 with California Drive -In Threatres, Inc., be and it is hereby approved, subject to the terms of the agreement to cancel said Development Agreement. THE FOREGOING ORDINANCE is approved and adopted by the City Council of the City of Anaheim this 20th day of September, 1994. MAY R OF THE ITY OF ANAHEIM ATTEST• _ CITY CLERK OF THE CITY OF ANAHEIM STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing Ordinance No. 5450 was introduced at a regular meeting of the City Council of the City of Anaheim, held on the 13th day of September, 1994, and that the same was duly passed and adopted at a regular meeting of said City Council held on the 20th day of September, 1994, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Feldhaus, Pickier, Hunter, Daly NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Simpson AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Ordinance No. 5450 on the 21 st day of September, 1994. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 21 st day of September, 1994. CITY CLERK OF THE CITY OF ANAHEIM (SEAL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Ordinance No. 5450 and was published once in the North Orange County News on the 29th day of September, 1994. CITY CLERK OF THE CITY OF ANAHEIM