ARA1981-014RESOLUTION NO, ARA81 -14
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
- AGENCY APPROVING THE PROPOSED SALE OF REAL
PROPERTY IN REDEVELOPMENT PROJECT ALPHA;
APPROVING THE PROPOSED PARTICIPATION AGREE-
MENT PERTAINING THERETO; AND AUTHORIZING
THE EXECUTION OF SAID PARTICIPATION AGREEMENT
WHEREAS, the Anaheim Redevelopment Agency (the
"Agency ") is engaged in activities necessary to execute and
implement the Redevelopment Plan (the "Redevelopment Plan ")
for Redevelopment Project Alpha (the "Project"); and
WHEREAS, in order to implement the Redevelopment
Plan, the Agency proposes to sell certain real property (the
"Property") in Redevelopment Project Alpha, pursuant to the
terms and provisions of a Participation Agreement which Prop-
erty is located on the north side of Lincoln Avenue westerly
of Anaheim Boulevard; and
WHEREAS, Pacific Telephone and Telegraph Company
(the "Participant ") has submitted to the Agency a written
offer in the form of said Participation Agreement to purchase
the Property at a fair and equitable price for uses in
accordance with the Redevelopment Plan; and
WHEREAS, the proposed Participation Agreement con-
tains all the provisions, terms and conditions and obligations
required by State and local law; and
WHEREAS, the Participant possesses the qualifications
and financial resources necessary to acquire and insure devel-
opment 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 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, pursuant to such provisions of the Cali -
fornia Community Redevelopment Law the Agency and the City
Council of the City of Anaheim (the "City Council ") held a
joint public hearing on the proposed sale of the property and
the proposed. Participation Agreement; and
WHEREAS, pursuant to such provisions of the Cali-
fornia Community Redevelopment Law the City Council following
such joint public hearing, has found and determined that the
consideration for which the Property is to be sold is not less
than its fair market value, in accordance with the provisions
of the Participation Agreement; and
WHEREAS, the Community Redevelopment Commission of
the City of Anaheim has reviewed said proposed Participation
Agreement and has recommended its approval by the City Council
and the Agency; and
WHEREAS, the Agency has approved the Initial Study
of Environmental Impact prepared by Agency staff and has deter-
mined that a subsequent environmental impact report need not
be prepared in connection with the proposed sale and develop -
ment of the Property; and
WHEREAS, the Agency has duly considered all terms
and conditions of the proposed sale and believes that the
redevelopment of the Property pursuant to the proposed Parti-
cipation Agreement is in the best interest 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 ANAHEIM
REDEVELOPMENT AGENCY AS FOLLOWS:
to The sale of the Property by the Agency to the
Participant and the Participation Agreement which establishes
the terms and conditions for the sale and development of the
Property, are hereby approved.
2. The Chairman is hereby authorized to execute the
Participation Agreement on behalf of the Agency and the Exec -
utive Director is hereby authorized to take all steps, and to
sign all other documents and instruments (including, but not
limited to, the Grant Deed), necessary to implement and carry
out the Participation Agreement on behalf of the Agency.
BE IT FURTHER RESOLVED that the Chairman and Secre-
tary be, and they are hereby, authorized and directed to execute
said Agreement on behalf of the Anaheim Redevelopment Agency.
THE FOREGOING RESOLUTION is approved and adopted by
the Anaheim Redevelopment Agency this 9th dWj of rfnQe, 1981.
ATTEST:
N;.— P I AM?
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
AGENCY
MES:sr
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, Secretary of the Anaheim Redevelopment Agency, do
hereby certify that the foregoing Resolution No. ARA81 -14 was passed and
adopted at a regular meeting of the Anaheim Redevelopment Agency held on
the 9th day of June, 1981, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour
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 9th day of June, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 9th day of
June, 1981.
SECRETA Y OF THE ANAHEIM TEDEVELOPMENT AGENCY
(SEAL)