ARA1984-038RESOLUTION NO. ARA 84 -38
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING THE PROPOSED SALE OF REAL
PROPERTY IN REDEVELOPMENT PROJECT ALPHA;
APPROVING THE PROPOSED FIRST AMENDMENT TO
DISPOSITION AND DEVELOPMENT AGREEMENT WITH
MEYER INVESTMENT PROPERTIES, INC., PERTAINING
THERETO; AND AUTHORIZING THE EXECUTION OF SAID
FIRST AMENDMENT
WHEREAS, the Anaheim Redevelopment Agency (the "Agency ") is engaged in
activity necessary to execute and implement the Redevelopment Plan (the
"Redevelopment Plan ") for Redevelopment Project Alpha (the "Project "); and
WHEREAS, the Agency has heretofore entered into a Disposition and
Development Agreement with Meyer Investment Properties, Inc., dated November 8,
1983 (the "DDA") providing for the sale and redevelopment of a portion of
Redevelopment Project Alpha; and
WHEREAS, it is necessary and desirable to enter into a First Amendment to the
DDA (the "First Amendment "); and
WHEREAS, in order to implement the Redevelopment Plan, as amended, and the
DDA, the Agency proposes to construct and sell, pursuant to the terms and conditions
of the First Amendment, a parking structure (the "Parking Structure ") on real property
located in the general vicinity of Broadway and Harbor Boulevard; and
WHEREAS, Meyer Investment Properties, Inc., a California corporation (the
"Developer "), has submitted to the Agency a written offer in the form of said First
Amendment to purchase the Parking Structure at a fair and equitable price for uses in
accordance with the Redevelopment Plan; and
WHEREAS, the proposed First Amendment contains all the provisions, terms,
conditions, and obligations required by state and local law; and
WHEREAS, the Agency has prepared a summary setting forth the cost of the
First Amendment to the Agency, the estimated value of the interest to be conveyed at
the highest uses permitted under the Redevelopment Plan and the Purchase Price, and
has made such summary available for public inspection in accordance with the
California Community Redevelopment Law; and
WHEREAS, pursuant to such provisions of the California 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 Parking
Structure and the proposed First Amendment; and
WHEREAS, pursuant to such provisions of the California Community
Redevelopment Law, the City Council, following such joint public hearing has found
and determined that the consideration for which the Parking Structure is to be sold is
not less than its fair market value in accordance with the covenants and conditions
governing such sale, as provided in the First Amendment; and
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WHEREAS, the Agency has certified a Subsequent Environmental Impact Report
prepared by Agency staff and has found that adverse impacts in connection with the
proposed construction and sale of the parking structure will be mitigated by measures
incorporated into the Redevelopment Project, or will be outweighed and overridden by
public benefit; and
WHEREAS, the Agency has duly considered all terms and conditions of the
proposed construction and sale and finds that pursuant to the proposed First
Amendment, they are in the best interest of the City of Anaheim, California, and the
health, safety, and welfare of its residents, they are in accord with the public purposes
and provisions of applicable state and local law and requirements and are necessary to
effectuate the Redevelopment Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE ANAHEIM REDEVELOPMENT
AGENCY AS FOLLOWS:
1. The construction and sale of the Parking Structure by the Agency to the
Developer and the First Amendment which establishes the covenants and conditions
for such construction and sale are hereby approved.
2. The Chairman is hereby authorized to execute the First Amendment on
behalf of the Agency, and the Executive Director is hereby authorized to take all
steps, and to sign all other documents and instruments (including, but not limited to,
Grant Deed) necessary to implement and carry out the First Amendment on behalf of
the Agency.
BE IT FURTHER RESOLVED that the Chairman and Secretary are hereby
authorized and directed to execute said First Amendment on behalf of the Anaheim
Redevelopment Agency.
THE FOREGOING RESOLUTION is approved and adopted by the Anaheim
Redevelopment Agency this 11th day of December , 1984.
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Chairman
Anaheim Redevelopment Agency
ATTEST:
2 s ,--- Xf—
Secretary
Anaheim Redevelopment Agency
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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. ARA84 -38 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 11th day of
December, 1984, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Kaywood, Bay, Pickler, Overholt and Roth
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 11th day of December, 1984.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 11th day of
December, 1984.
SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY
(SEAL)