HomeMy WebLinkAboutCity Council - 5226 RESOLUTION NO. 5226
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH
APPROVING THE SALE OF CERTAIN REAL PROPERTY PURSUANT TO THE
PARTICIPATION AGREEMENT BY AND BETWEEN THE HUNTINGTON BEACH
REDEVELOPMENT AGENCY AND HUNTINGTON BREAKERS APARTMENTS, LIMITED
WHEREAS, the Huntington Beach Redevelopment Agency ("Agency") is authorized
to acquire and convey real property for private development; and
WHEREAS, the Agency desires to enter into a Participation Agreement (the
"Agreement") with Huntington Breakers Apartments, Limited, a Limited Partnership
("Participant") in the form attached hereto, which Agreement provides for the _
conveyance of certain real property, and the improvement of said real property
by the Participant as a multi-,family residential housing project; and
WHEREAS, the Agency and the City Council ("City Council ") of the City of
Huntington Beach have conducted a duly noticed joint public hearing regarding
the Agreement in accordance with California Health and Safety Code Sections
33431 and 33433; and
WHEREAS, a copy of the Agreement and the summary setting forth the matters
required by California Health and Safety Code Section 33433 have been made
available for public inspection and copying,
NOW, THEREFORE, the City Council of the City of Huntington Beach does
hereby resolve as follows :
Section 1 : The City Council finds and determines, based upon the testi-
mony and information presented during the public hearing with respect to the
Agreement, that the consideration for the real property to be conveyed to Parti-
cipant by the Agency pursuant to the Agreement is not less than the fair market
value thereof in accordance with the covenants and conditions governing such
sale.
Section 2: The City'Co;uncil hereby approves the sale of the real property
referred to in the recitals hereinabove to Participant pursuant to the terms
and provisions of the Agreement and hereby approves all of the terms and pro-
visions of the Agreement.
Section 3: The City Council hereby acknowledges that performance under the
terms and conditions of the Agreement satisfies in full Participant's obligations
regarding affordable, replacement/relocation housing, and dedication of frontage
road right-of-way as required in Condition Nos . 2 and 17 of Conditional Excep-
tion No. 82-65 as approved by the City's Planning Commission on January 18, 1983.
PASSED AND ADOPTED this 22nd day of February 1983.
ATTEST:
4tzt e.
City Clerk Mayor
APPROVED AS TO FORM: APPROVED AS TO FORM AND CONTENT:
c
City Attorney STRADLING, YO CA, CARL N fjvAUTH
Special Redevelopment Coudks4l
INITIATED AND APPROVED AS TO CONTENT:
w j
Director, Business and Industrial
Enterprise
APPROVED:
City Administrator
Res. No. 5226
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, ALICIA M. WENTWORTH, the duly elected, qualified City
Cldrk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of more than a majority of all the members of said City Council
at a regular meeting thereof held on the 22nd day
of February , 19 83 by the following vote:
AYES: Councilmen:
Pattinson, MacAllister,Finley, Bailey, Kelly
NOES: Councilmen:
Thomas, Mandic
ABSENT: Councilmen:
None
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California