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97-048RESOLUTION NO. 97R -48 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT WITH HALE- WRZARALA 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 (the "Agency is engaged in activities necessary to effectuate the Redevelopment Plan (the "Plan for the Alpha Redevelopment Project Area (the "Project Area 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 contains all the provisions, terms, conditions and obligations required by the California Community Redevelopment Law; WHEREAS, Developer possesses the qualifications and financial resources necessary to acquire and ensure redevelopment of the Property in accordance with the purposes and objectives of the Plan; HALECITY.RES ARA -37 040797 1136:LEG:RO -1- WHEREAS, pursuant to the California Environmental Quality Act "CEQA the City of Anaheim (the "City") completed an initial study of the environmental effects of the Project (the "Initial Study WHEREAS, the Initial Study conforms to the requirements of the CEQA, the "Guidelines for the Implementation of CEQA," as amended, adopted by the Secretary for Resources of the State of California (the "Guidelines and the "Procedures for Implementation of CEQA," adopted by resolution of the City and Agency (the "Procedures WHEREAS, inasmuch as the Initial Study resulted in a determination that the Project will not have a significant environmental effect, a Negative Declaration for the Project was prepared for the review and consideration of the Agency and the City Council; WHEREAS, as part of the environmental assessment process, the City has provided the opportunity for interested persons, professional disciplines and public agencies to evaluate critically the Initial Study and Negative Declaration through public review and comment; WHEREAS, the Agency has prepared, and the City Council has reviewed and considered, a summary report (the "Summary Report for the Project that describes and specifies all of the following: (a) The cost of the Agreement to the Agency, including land acquisition costs, clearance costs, relocation costs, the costs of any improvements to be provided by the Agency, plus the expected interest on any loans or bonds to finance the Agreement. (b) The estimated value of the interest to be conveyed, determined at the highest and best uses permitted under the Alpha Redevelopment Plan. (c) The estimated value of the interest to be conveyed, determined at the use and with the conditions, covenants, and development costs required by the sale. The purchase price for the Property. (d) An explanation of why the sale of the Property will assist in the elimination of blight, with reference to all supporting facts and materials relied upon in making this explanation; WHEREAS, the Agency has made the Initial Study, the Negative Declaration, the Agreement and the Summary Report available for public inspection pursuant to the California Community Redevelopment Law; HALECITY.RES ARA -37 040797 1136:LEG:RO -2- WHEREAS, pursuant to the provisions of the California Community Redevelopment Law, the Agency and the City Council have held a duly noticed joint public hearing on the proposed Agreement and the proposed sale of the Property, at which time all persons were given an opportunity to be heard; WHEREAS, the City Council has duly considered all of the terms and conditions of the Agreement and the proposed sale of the Property and believes that said sale, redevelopment and operation of the Property by Developer pursuant thereto is in the best interests of the City and the health, safety, morals, and welfare of its residents, and is 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 it has reviewed and considered the negative declaration for the Project that was previously adopted. 2. The City Council hereby certifies that the information contained in the Summary Report has been reviewed and considered by the members of the City Council. 3. The City Council hereby finds and determines that the consideration to be paid by Developer to purchase the Property is not less than the fair reuse value at the use and with the covenants and conditions and development costs authorized by the sale. 4. The City Council hereby finds and determines that the sale of the Property will assist in the elimination of blight and is consistent with the Implementation Plan. 5. The Agreement is hereby approved. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 15th day of April 1997. ATTEST: HALECITY.RES ARA -37 040797 1136:LEG:RO -3- 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 Resolution No. 97R -48 was introduced and adopted at a regular meeting provided by law, of the Anaheim City Council held on the 15th day of April, 1997, by the following vote of the members thereof: AYES: MAYOR /COUNCIL MEMBERS: McCracken, Tait, Zemel, Lopez, Daly NOES: MAYOR /COUNCIL MEMBERS: None ABSENT: MAYOR /COUNCIL MEMBERS: None AND 1 FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Resolution No. 97R -48 on the 15th day of April, 1997. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 15th day of April, 1997. (SEAL) A CITY CLERK OF THE CITY OF ANAHEIM I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 97R -48 was duly passed and adopted by the City Council of the City of Anaheim on April 15, 1997. CITY CLERK OF THE CITY OF ANAHEIM