78-455RESOLUTION NO. 78R- 455
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM CERTIFYING THAT THE INFORMATION CONTAINED
IN THE INITIAL STUDY ON THE PROPOSED FIRST AMEND-
MENT TO PARTICIPATION AGREEMENT HAS BEEN REVIEWED
AND CONSIDERED; DETERMINING THAT NO NEGATIVE
DECLARATION, SUBSEQUENT EIR OR SUPPLEMENT TO EIR
IS REQUIRED; FINDING THAT THE CONSIDERATION FOR
THE SALE OF PROPERTY THEREUNDER IS NOT LESS THAN
FAIR MARKET VALUE IN ACCORDANCE WITH COVENANTS
AND CONDITIONS GOVERNING SUCH SALE; AND APPROVING
THE SALE OF SUCH PROPERTY AND SAID FIRST AMENDMENT
TO 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 did, on July 19, 1977, enter into a Participation
Agreement with Pacific Southwest Realty Company ( "Developer ") for
the disposition and development of certain property; and
WHEREAS, the Agency and Developer desire to amend
certain provisions of said Participation Agreement; and
WHEREAS, a First Amendment to Participation Agreement
has been prepared; and
WHEREAS, the proposed First Amendment to Participation
Agreement contains all the provisions, terms and 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 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 as amended by said First
Amendment 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, the Community Redevelopment Commission of the
City of Anaheim has reviewed said proposed First Amendment to
Participation Agreement and has recommended its approval by the
City Council and the Agency; and
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WHEREAS, the Agency has heretofore prepared an
Initial Study with respect to the First Amendment Participa-
tion Agreement, and found and determined that the implementa-
tion of the Agreement will not have a significant effect on
the environment, or result in a substantially, or potentially
substantial, adverse change in the environment; and
WHEREAS, pursuant to the provisions of the California
Community Redevelopment Law, the Agency and the City Council of
the City of Anaheim ( "City Council ") held a joint public hearing
on the proposed sale of the Property and the proposed First
Amendment to Participation Agreement after publication of notice
as required by State law; and
WHEREAS, pursuant to California Community Redevelop-
ment Law and following such joint public hearing, the City
Council found and determined that the consideration for sale of
the Property is not less than fair market value in accordance
with the covenants and conditions governing such sale and the
City Council approved said sale and the First Amendment to
Participation Agreement; and
WHEREAS, the City Council has duly considered all
terms and conditions of the proposed sale and believes that the
redevelopment of the Property pursuant to the proposed First
Amendment to Participation 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 and requirements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Anaheim as follows:
1. The City Council hereby certifies that the
information contained in the Initial Study has
been reviewed and considered by members of the
City Council.
2. The City Council hereby determines that
(a) No substantial changes are proposed in
the Redevelopment Project, or with
respect to the circumstances under which
the Project is to be undertaken, which
will require major revisions in the EIR
previously adopted for the Project due
to the involvement of new environmental
impacts not covered in said previous EIR;
IM
(b) No Subsequent EIR, Supplement to EIR,
or Negative Declaration is necessary or
required; and
(c) The proposed First Amendment to Partici-
pation Agreement, and the actions proposed
thereunder will have no significant effect
on the environment, except as identified
and considered in the previous EIR.
3. The City Council hereby finds and determines that
the consideration for sale of the Property pursuant
to the First Amendment to Participation Agreement
is not less than fair market value in accordance
with covenants and conditions governing such sale.
�4. The sale of the Property by the Agency to Pacific
Southwest Realty Company and First Amendment to
the Participation Agreement which establishes the
terms and conditions for the sale and development
of the Property are hereby approved.
THE FOREGOING RESOLUTION is approved and adopted by
the City Council of the City of Anaheim this 18th day of July,
1978.
MAYOR OF THE CITY OF ANAHEIM
ATTEST:
Deput'' C
Z Z_ y Lt
Y CLERK OF THE CITY OF ANAHEIM
MES:jh
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 78R -455 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 18th day of July, 1978, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Overholt, Kaywood, Kott and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Seymour
AND I FURTHER CERTIFY that the Mayor Pro Tem of the City of Anaheim signed said
Resolution No. 78R -455 on the 18th day of July, 1978.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 18th day of July, 1978.
LINDA D. ROBERTS, CITY CLERK
BY Z-
DEPUTY CITY CLERK
(SEAL)
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby.certify that
the foregoing is the original of Resolution No. 78R -455 duly passed and adopted
by the Anaheim City Council on July 18, 1978.
LINDA D. ROBERTS, CITY CLERK
BY
DEPUTY CITY CLERK