ARA1980-009RESOLUTION NO. ARA80 -9
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY
MAKING CERTAIN FINDINGS WITH RESPECT TO THE
CONSIDERATION TO BE RECEIVED BY THE ANAHEIM
REDEVELOPMENT AGENCY PURSUANT TO A DISPOSITION
AND DEVELOPMENT AGREEMENT BETWEEN THE ANAHEIM
REDEVELOPMENT AGENCY AND THE MASONIC BUILDING
ASSOCIATION OF ANAHEIM FOR THE SALE AND DEVELOPMENT
OF CERTAIN REAL PROPERTY; APPROVING THE PROPOSED
SALE OF SAID REAL PROPERTY AND THE DISPOSITION AND
DEVELOPMENT AGREEMENT PERTAINING THERETO; AND
AUTHORIZING THE EXECUTION AND IMPLEMENTATION OF
SAID DISPOSITION AND DEVELOPMENT 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 proposes to sell certain real property (the "Site ") in
the Project area, pursuant to the terms and provisions of a
Disposition and Development Agreement (the "Agreement ") and which
property is described in said Agreement; and
WHEREAS, Masonic Building Association of Anaheim (the
"Developer ") has submitted to the Agency a written offer in the
form of said Agreement to purchase the Site; and
WHEREAS, the proposed Agreement contains all the pro-
visions, terms, 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 Site in accordance with the purposes and objectives of
the Redevelopment Plan; and
WHEREAS, the Agency has prepared, reviewed and considered
a Summary Report setting forth the cost of the Agreement to the
Agency, the estimated value of the interests to be conveyed deter-
mined at the highest uses permitted under the Redevelopment Plan,
and the purchase price, and has made said Summary Report available
for public inspection in accordance with the California Community
Redevelopment Law; and
WHEREAS, the Agency has found on the basis of an Initial
Study that said Agreement will not result in substantial changes
in the Project or the circumstances under which the Project is to
be undertaken, that no Negative Declaration, Subsequent Environmental
Impact Report or Supplement to an Environmental Impact Report is re-
quired, and that the proposed action will have no significant effect
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on the environment except as identified and considered in the previous
Environmental Impact Report; and
WHEREAS, pursuant to the provisions of the California
Community Redevelopment Law, the Agency and the City Council of the
City of Anaheim have held a duly noticed joint public hearing on the
proposed sale of the Site and the proposed Agreement; and
WHEREAS, the Agency has duly considered all terms and
conditions of the proposed sale, and believes that the redevelopment
of the Site pursuant to the proposed Agreement is in the best
interests of the City and the health, safety, morale and welfare of
its residents, and in accord with the public purposes and provisions
of applicable State and local law.
NOW, THEREFORE, BE IT RESOLVED by the Anaheim Redevelopment
Agency as follows:
1. The Agency hereby finds and determines that the partici-
pation consideration for the sale of the Site pursuant to the
Agreement between the Agency and Masonic Building Association of
Anaheim is not less than the fair market value of the Site in
accordance with the covenants and conditions governing the sale.
2. The Agency hereby finds and determines that the considera-
tion for the sale of the Site pursuant to said Agreement is less
than the estimated value at the highest use permitted under the
Redevelopment Plan as set forth in said Summary Report, and that
such lesser consideration is necessary to effectuate the purposes
of the Redevelopment Plan.
3. The sale of the Site-by the Agency to Masonic Building
Association of Anaheim and the Disposition and Development Agree-
ment which establishes the terms and conditions for the sale and
development of the Site, are hereby approved.
4. The Chairman of the Agency is hereby authorized and
directed to execute the Disposition and Development Agreement
on behalf of the Anaheim Redevelopment Agency.
5. The Executive Director is hereby authorized to take all
steps, and to sign all documents and instruments (including but
not limited to the Grant Deed), necessary to implement and carry
out the Agreement on behalf of the Agency.
THE FOREGOING RESOLUTION is approved and adopted by the Anaheim
Redevelopment Agency this 5th day of February, 1980
ATTEST:
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
IM REDEVELOPMENT AGENCY
MES : j s -2-
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. ARA80 -9 was passed and
adopted at a regular meeting of the Anaheim. Redevelopment Agency held on
the 5th day of February, 1980, 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-5th day of February, 1980..
IN WITNESS WHEREOF, I have hereunto.set my hand and seal this 5th day of
February, 1980..
SECRETARY OF THE ANAHEIM DEVELOPMENT AGENCY
(SEAL)