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RESOLUTION NO. 5721
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH APPROVING THE
LEASE OF REAL PROPERTY PURSUANT TO A LEASE
AGREEMENT BY AND AMONG THE HUNTINGTON
BEACH REDEVELOPMENT AGENCY AND PIER SIDE
DEVELOPMENT
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 property development; and
The Agency desires to enter into a Lease Agreement (the "Agreement") with Pier
Side Development, a California general partnership (the "Developer"), which Agreement
provides for the transfer by lease 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 improvements, as set forth in greater particularity in the Agreement;
and
The Agency and the City, by its City Council, have conducted a duly noticed joint
public hearing regarding the proposed sale 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,
("Public Improvements") which Public Improvements are enumerated in the Redevelop-
ment Plan and will be of benefit to the Project Area.
NOW THEREFORE, the City Council of the City of Huntington Beach does hereby
resolve as follows:
Section 1: The acquisition and combination of real property interests provided in
the Agreement is necessary and appropriate to create an economically viable development
unit.
Section 2: The City Council 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 lease, consti-
tutes the fair market value thereof determined at the highest use permitted under the
Redevelopment Plan for the Project Area based upon the convenants and restrictions
established by the Agreement. The City Council further finds that the provision of 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 City Council hereby approves the Agreement and all of its pro-
visions including without limitation the attachments thereto and authorizes the Mayor and
the City Administrator to execute all documents referenced in the Agreement, necessary
to effectuate the provisions of the Agreement.
PASSED and ADOPTED this 27th day of October 1986.
Y � r
Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk City t rney
REVIE ND APPROVED: I TIATED AND APPROVED:
Wax
City milhislratl5r Deputy City Administrator/
Redevelopment
0331r
Res. No. 5721
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I
I, ALICIA M. WENTWORTH, the duly elected, qualified City
Clerk 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 adjourned meeting thereof held on the 27th day
of October 19 86 by the following vote:
AYES: Councilmen:
Kelly, MacAllister, Finley, Mandic, Bailey, Green, Thomas
NOES: Councilmen:
None
ABSENT: Councilmen:
None
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California