ARA1998-02RESOLUTION NO. ARA98-2
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY, (i)
APPROVING AND AUTHORIZING EXECUTION OF THE DISPOSITION
AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE
ANAHEIM REDEVELOPMENT AGENCY, THE CITY OF ANAHEIM,
AND LA PALMA/YORBA LINDA LTD., AND (ii) AUTHORIZING
EXECUTION OF OTHER DOCUMENTS RELATED THERETO
WHEREAS, the City of Anaheim (the "City") owns certain real property comprising
12.71 gross acres, more or less, located on the northwest coruer of the intersection of La Palma
Avenue and Weir Canyon Road in the City of Anaheim, California, which is commonly referred to as
the Shorb Wells Property (the "Property," or the "Site"); and
WHEREAS, the Property is an asset of the City of Anaheim Water Utility (the
"Utility") and lies within the boundaries of the River Valley Redevelopment Project (the "Project
Area") established by City Ordinance No. 4463 on November 29, 1983; and
WHEREAS, at the request of the City, the Anaheim Redevelopment Agency (the
"Agency") solicited proposals for the sale and commercial development of the Site and has negotiated
terms of a Disposition and Development Agreement (the "Agreement,"or the "DDA") with La
Palma/Yorba Linda Ltd. (the "Developer"), the purpose of which is to sell the site to the Developer
for construction of a high quality, mixed-use, commercial center; and
WHEREAS, the proposed Agreement was made available for public inspection
consistent with the requirements of Health and Safety Code Section 33433; and
WHEREAS, the Agency and the City Council have conducted a duly noticed joint
public hearing on the DDA and have evaluated all information and testimony presented at the hearing;
and
WHEREAS, the Property is located within the Project Area which was found by the
Anaheim Redevelopment Agency, in its adoption of the Redevelopment Plan for the Project Area in
1983, to be blighted as a result of potential flooding, poor drainage, site access problems, and the
need for roadway and traffic signal improvements, as well as other indicia of blight; and
WHEREAS, the sale of the Property pursuant to the DDA will assist in the elimination
of blight in the Project by requiring the development on previously blighted land of a new high quality,
mixed-use, commercial center which will be properly designed, constructed and maintained, and will
be of benefit to the community and prevent blight from recurring on the Property; and
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