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RESOLUTION NO. 123
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF HUNTINGTON BEACH APPROVING THE
CONVEYANCE BY MEANS OF SALE; LEASE; OR LEASE
WITH OPTION OF CERTAIN REAL PROPERTY
PURSUANT TO A DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND AMONG THE HUNTINGTON BEACH
AGENCY; THE CITY OF HUNTINGTON BEACH, AND
HUNTINGTON PACIFICA DEVELOPMENT GROUP
WHEREAS, the Huntington Beach Redevelopment Agency (the
"Agency" ) is authorized to conduct redevelopment activities within
the Main=Pier Redevelopment Project Area (the "Project Area" ) '
which activities include the acquisition and conveyance of real
property for private development ; and
The Agency desires to enter into a Disposition and Development
Agreement (the "Agreement" ) with the City of Huntington Beach (the
"City" ) .and Huntington Pacifica Development Group; a California
general partnership ( the "Developer" ) ; which Agreement provides
for the transfer by lease; lease with option to purchase; and deed
of certain portions of the Project Area generally situated along
Pacific Coast Highway at or near its intersection with Main
Street; and the provision of public plaza, pedestrian overpass and
other public improvements; all as set forth in greater
particularity in the Agreement ; and
The Agency and the City Council of the City ( "City Council" )
have conducted a duly noticed joint public hearing regarding the
proposed lease with option to purchase in accordance with
California Health and Safety Code Sections 33431 and 33433 ; and
The staff report pertaining to the Agreement; which has been
on display prior to the joint public hearing in accordance with
Section 33433 of the California Health and Safety Code; contains a
detailed description of the provisions of the Agreement ; and
The Agreement provides for the development of certain public
improvements; the cost of which renders such improvements
infeasible without the financial participation by the Agency; and
Pursuant to the Agreement the Agency shall provide certain
pier improvements; plaza improvements; pedestrian overpass,; and .
other improvements of public bene-fit (collectively' the "Public
Improvements" ) which Improvements are enumerated in the
Redevelopment Plan and will be of benefit to the Project Area.-
NOW THEREFORE, the Redevelopment Agency of the City of
Huntington Beach does hereby resolve as follows :
Section-1 : The acquisition and combination of parcels
r
provided in the Agreement is necessary and appropriate to create
an economically viable development unit:
Section`2 : The Redevelopment Agency finds and determines.-
based upon the testimony and information presented during the
public hearing with respect to the Agreement; that the
consideration for the real property to be transferred to the
Developer by deed; lease; or lease with option (as applicable)
constitutes the fair market value thereof determined at the
highest use permitted under the Redevelopment Plan for the Project
Area based upon the covenants and restrictions established by the
Agreement: The Redevelopment Agency further finds that the
provision the Public Improvements as provided for in the Agreement
is_ necessary to effectuate the purpose of the Redevelopment Plan
applicable to the Project Area and approves the provision of such
improvements by the Agency:
Section` 3 : The Redevelopment Agency hereby approves the
Agreement and all of its provisions including without limitation
the attachment thereto and authorizes the Chairman and the
Executive Director to execute all documents referenced in the
Agreement; necessary to effectuate the provisions of the Agreement:
PASSED and ADOPTED this 19th day of August 1985.
Chairman
ATTEST: APPROVED AS TO FORM:
Agency Clerk Agency ttorneyq�`
REVIEWED AND APPROVED: IN TIATED AND APPROVED:
Chief Executive Off ' er I 5ep qEj j rDirector of
R development
12951
2.
Res. No. . 123
f STATE OF CALIFORNIA )
COUNTY OF ORANGE }
CITY OF HUNTINGTON BEACH)
I , ALICIA M. WENTWORTH-, Clerk of the Redevelopment Agency of the
City of Huntington Beach, California, 00 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
19th day of August 19 85 , and that it was so adopted
by :the following vote:
. . AYES: Members:
Kelly, macAllister;. Mandic, Bailey, Finley, Green, Thomas
NOES: Members:
None,
ABSENT: Members:
None
Clerk of the Redevelopment Agency of
the City of Huntington Beach, Ca.