ARA1990-34RESOLUTION NO. ARA90- 34
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING A FIRST AMENDMENT TO THE
DISPOSITION AND DEVELOPMENT AGREEMENT BY AND
BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY,
LINCOLN PROPERTY DEVELOPMENT COMPANY N.C.,
INC., AND LINCOLN ANAHEIM VILLAGE LIMITED
PARTNERSHIP.
WHEREAS, the Anaheim Redevelopment Agency (the
"Agency") and Lincoln Property Development Company N.C., Inc.
(the "Developer") entered into a certain Disposition and
Development Agreement, dated as of January 9, 1990 (the "DDA")
for the disposition and development of certain private and
public improvements within the Project Alpha Redevelopment
Project Area (the "Project Area"); and
WHEREAS, the Developer and the Agency are proceeding
to perform their respective obligations pursuant to the DDA; and
WHEREAS, the Developer and the Agency desire to
approve an amendment to the DDA (in the form attached hereto as
Attachment "A" incorporated herein, which constitutes the
"Amendment") to revise the sales price and other economic terms
of the DDA and to approve the assignment of a portion of the
Developer's obligations under the DDA to Lincoln Anaheim
Village Limited Partnership, all as more particularly set forth
therein; and
WHEREAS, the approval and execution of the Amendment
will facilitate the orderly completion of improvements by the
Developer as contemplated in the DDA and in furtherance of the
Redevelopment Plan for the Project Alpha Redevelopment Project
(the "Redevelopment Plan"); and
WHEREAS, the Agency and the City Council of the City
of Anaheim (the "City Council") have conducted a duly noticed
joint public hearing regarding the Amendment and the proposed
acquisition and disposition of real property in accordance with
California Health and Safety Code Sections 33431 and 33433; and
WHEREAS, the staff report pertaining to the Amendment,
which has been on display prior to the joint public hearing in
accordance with Section 33433 of the California Health and
Safety Code, contains a detailed description of the provisions
of the Amendment; and
WHEREAS, the Agency and the City Council have approved
by resolution a finding that the Amendment will not create any
new significant environmental impacts not considered in
previous environmental documents for the Project Alpha
Redevelopment Project;
NOW, THEREFORE, the Anaheim Redevelopment Agency does
resolve as follows'
1. The Agency finds and determines, based upon the
testimony and information presented during the public hearing
with respect to the Amendment, that the consideration for the
real property to be transferred to the Developer by deed is
fair and in amounts adequate and necessary to effectuate the
purposes of the Redevelopment Plan. The sales price for the
interest to be conveyed by the Agency to the Developer has been
determined at the highest uses permitted under the
Redevelopment Plan.
2. The Agency finds and determines that: (a) the
approval of the Amendment will promote the objectives of the
Redevelopment Plan and promote the health, safety and welfare
of the citizens of %he City of Anaheim; and (b) the Amendment
is consistent with the. orderly development of the improvements
to be provided by the Developer pursuant to the DDA.
3. The Anaheim Redevelopment Agency approves the
Amendment in the form of Attachment "A" and authorizes and
directs the Chairman to execute that Amendment and authorizes
and directs the Executive Director of the Agency or her
designee to execute such other documents necessary or
appropriate to effectuate the DDA as now amended.
THE FOREGOING RESOLUTION is approved and adopted by
the Anaheim Redevelopment Agency this ~ day of December
1990.
ATTEST:
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
2758u/2621/012
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LEONORA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby
certify that the foregoing Resolution No. ARA90-34 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the llth day of
December, 1990, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Simpson, Daly, Pickler, Ehrle and Hunter
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: None
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency
signed said Resolution on the llth day of December, 1990.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this llth day of
December, 1990.
SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY
(SEAL)