HomeMy WebLinkAboutCity Council - 5886 REVFv. AGeNc y Res. 153
RESOLUTION NO. 5886
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH APPROVING THE CONVEYANCE BY
MEANS OF SALE OF REAL PROPERTY PURSUANT TO AN
OWNER PARTICIPATION AGREEMENT BETWEEN THE
REDEVELOPMENT AGENCY AND MOLA DEVELOPMENT
CORPORATION FOR THE MAIN-PIER REDEVELOPMENT
PROJECT AREA
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 has entered or is entering into an Owner
Participation Agreement (the "Agreement" ) with Mola Development
Corporation, a California Corporation (the "Developer" ) which
Agreement provides for the transfer by deed,, of certain portions
of the Project Area, and the provision of public improvements, all
as set forth with greater particularity in the Agreement; a copy
of which is on file in the office of the City Clerk and is
incorporated herein by this reference; and
The City Council of the City ( "City Council" ) and Agency
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 detained description of the provisions of the
Agreement; and
The Agreement provides for the development of certain
public improvements, which benefit the Project Area and would
not be feasible without the financial participation by the Agency,
and which improvements are enumerated in the Redevelopment Plan.
NOW THEREFORE, the City Council of the City of Huntington
Beach does hereby resolve as follows:
Section 1 : The acquisition, transfer and combination of
parcels provided in the Agreement is necessary and appropriate to
create an economically viable development unit .
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Section 2 : The City Council of the City of Huntington
Beach 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, 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 .
Section 3 : The City Council further finds that the
buildings, facilities, structures or other improvements as
provided for in the Agreement are of benefit to the Project Area
or the immediate area in which the project is located and that no
other reasonable means of financing such improvements are
available to the community, and approves the provision of such
improvements by the Agency.
Section 4 : The City Council of the City of Huntington
Beach hereby approves the Agreement and all of its provisions
including, sale of property currently owned by the city to the
Agency according to provision of Attachment No. 4 of the
Agreement, and without limitation the attachments thereto and
authorizes the Chairman and the City Administrator to execute all
documents referenced in the Agreement, necessary to effectuate the
provisions of the Agreement .
PASSED and ADOPTED this 6th day of June ,1988 .
yor
ATTEST: APPR D AS TO FORM:
Ci y C erk Ci y Att r ey
Special Counsel
REVIEWED AND AP OVED: I ITIATED ND APPROVED:
Ci y Administrator Deputy Director of Redevelopment
5886
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Res, No. 5886
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I,Alicia Wentworth , the duly appointed, 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 at least a majority of all the members of said City Council
at a regular meeting thereof held on the 6th day
of June 1988 by the following vote:
AYES: Councilmembers:
Kelly, Finley, Erskine, Mays
NOES: Councilmembers:
Green, Winchell, Bannister
ABSENT: Councilmembers:
None
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California
5886