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RESOLUTION NO. 38
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON
BEACH APPROVING SALE OR CONVEYANCE OF CERTAIN REAL PROPERTY IN THE
WARNER-GOLDENWEST PROJECT AREA BY L.C. SMULL FOR FINANCING/SECURING
PURPOSES
The Redevelopment Agency of the City of Huntington Beach hereby resolves as
follows:
Section 1. The Redevelopment Agency of the City of Huntington Beach hereby
approves and authorizes conveyance of real property, located in the Warner-
Goldenwest Project Area by L.C. Smull , more particularly described as: All that
certain real property in the City of Huntington Beach, County of Orange, State
of California included in Parcel Map No. 82-560 as follows:
A. Parcel 4 to Albertsons, Inc. , a Delaware Corporation ("Albert-
sons") ; Parcel 7 to Sav-On Realty, Inc. , a California Corporation
("Sav-On") ; and Parcel 1 to The Bank of Westminster, a California
Corporation ("Bank"). Each of these purchasers shall take subject
to all of the rights and obligations under the Participation Agree-
ment.
B. Parcels 1 through 9 (which may or may not include Parcels 4, 7
and 1, depending on their actual dates of transfer, if at all ,
to Albertsons, Sav-On and Bank) to Downey Savings and Loan
Association, a California Corporation ("Downey") , in compliance
with the provisions of Participation Agreement and specifically
Sections 108, 309 and 310. This transfer of title to Downey
is for financing purposes to enable Smull to develop the Project
and shall not relieve Smull from all of the obligations under the
Participation Agreement.
Section 2. Pursuant to California Government Code Section 65402, a public
meeting was held before the Planning Commission at which time it was determined
that the Redevelopment Plan for the Warner-Goldenwest Small Lot Redevelopment
Project conformed to the City's General Plan.
Section 3. The transfer of such real property shall be pursuant to the
Redevelopment Plan, adopted by Ordinance No. 2212, and paragraphs 108, 309 and
310, et seq. of the Participation Agreement by and between the Redevelopment
Agency of the City of Huntington Beach and L.C. Smull , dated January 5, 1978,
and all those to whom title is transferred shall be subject to all the rights
and obligations of the Participation Agreement.
Section 4. Any deed or other instrument of conveyance shall be subject to
the nondiscrimination clauses required by California Health and Safety Code Sec-
tion 33436.
Section 5. The authority of this resolution is extended on the condition
that the language of any instrument used to transfer title shall be subject to
the approval of the City Attorney and the Chief Executive Officer prior to
transfer.
ATTEST:
/oe
U`'e'Y's�i! 1f •
ecretary Chairman
APPROVED AS TO FORM: REVIEWED AND APPROVED:
Legal Counsel n Chief Executive fficer
INITIATED AND APPROVED: /(
Director of Business and Industrial Enterprise
2
Res. No. 38
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH)
I , ALICIA M. WENTWORTH, Secretary of the Redevelopment
Agency -of the City of Huntington Beach, California, DO HEREBY
CERTIFY that the foregoing resolution was duly adopted by the
Redevelopment Agency of the City of Huntington Beach at a
meeting of said Redevelopment Agency held on the 16th day
of August 19 82 , and that it was so adopted by
the following vote:
AYES: Members:
MacAllister, Mandic, Finley, Bailey
NOES: Members:
Thomas
ABSENT: Members:
Pattinson, Kelly
Secretary of the Redevelopment Agency
of the City of Huntington Beach, Ca.