HomeMy WebLinkAboutRedevelopment Agency - 134 RESOLUTION NO. 134
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF HUNTINGTON BEACH APPROVING
THE CONVEYANCE BY MEANS OF SALE OF REAL
PROPERTY PURSUANT TO A DISPOSITION
DEVELOPMENT AGREEMENT BY AND AMONG THE
HUNTINGTON BEACH AGENCY AND HUNTINGTON
PACIFICA I, DOING BUSINESS AS 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 First Amended Disposition and Development
Agreement (the "Agreement") with Huntington Pacifica I doing business as Huntington
Pacifica Development Group, 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, 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 Agreement 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 improvements of
public benefit (collectively, the "Public Improvements") which Improvements are enumer-
ated 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 Redevelopment Agency finds and determines, based upon the
testimony and information presented during the public hearing with respect to the Agree-
ment, that the consideration for the real property to be transferred to the Developer by
deed constitutes the fair market value thereof determined by the highest use permitted
under the Redevelopment Plan for the Project Area and based upon the covenants and
restrictions established by the Agreement. The Redevelopment Agency further finds that
the provision of the Public Improvements as provided for in the Agreement are necessary
to effectuate the purpose of the Redevelopment Plan applicable to the project Area and
approves the provision of such improvements by the Agency.
1.
Section 2: 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 Agree-
ment and necessary to effectuate the provisions of the Agreement.
PASSED and ADOPTED this 27th day of October 1986.
Chairman
ATTEST: APPROVED AS TO FORM
Agency Clerk Agency A orney f� r
Special Counsel
REVI AND APP 7
OVED: I TIATED AND APPROVED:
l
Chief Executive Officer Deputy Director of
Redevelopment
0332r
2.
Res. No. 134
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, DO HEREBY CERTIFY that the foregoing
resolution was duly adopted by the Redevelopment Agency of the City of
ad 'ourned
Huntington Beach at a/meeiing of said Redevelopment Agency held on the
27th day of October 19 86 , and that it was so adopted
by the following vote:
AYES: Members:
Kelly, MacAllister, Finley, Mandic, Bailey, Green, Thomas
NOES: Members:
None
ABSENT: Members:
None
Clerk of the Redevelopment Agency of
the City of Huntington Beach, Ca.