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RESOLUTION NO. _5953
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF HUNTINGTON BEACH AUTHORIZING EXECUTION OF
THE AGREEMENT FOR THE PURCHASE AND SALE OF
PROPERTY AND FOR A LOAN TO CONSTRUCT A PUBLIC
PARKING FACILITY BETWEEN THE CITY OF
HUNTINGTON BEACH AND THE REDEVELOPMENT AGENCY
OF THE CITY OF HUNTINGTON BEACH
WHEREAS, California Health and Safety Code Section
33220 provides authority for the City to aid and cooperate in
the planning, undertaking, construction or operation of
redevelopment projects by selling any of its property to a
redevelopment agency or by loaning money for any authorized,
purposes of the Agency; and
The transaction herein is not a surplus property
transaction within the meaning of Huntington Beach Ordinance
Code Chapter 3 . 06 nor California Government Cade Section 54220;
and
The acquisition of the City' s property by the Agency
will facilitate redevelopment within the Main Pier Project Area
pursuant to that certain Owner Participation Agreement dated
November 21, 1988 between the Agency and Robert J. Koury
( "OPA" ) ; and
The Agency has agreed to pay to the City and the City
agrees to accept as payment the fair market appraisal value of
the property; and
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The Agency is authorized under Section 33421 of the
Health and Safety Code to construct public improvements
necessary to carry out the redevelopment plan and under Section
33440 of the Health and Safety Code is authorized to construct
foundations, platforms and other like structural forms
necessary for the utilization of air rights .
NOW, THEREFORE, the City Council of the City of
Huntington Beach does resolve as follows :
SECTION 1. The Mayor is authorized to execute the
Agreement for the purchase and sale of property and the loan of
money for the construction of the Parking Facility and
associated commercial shell between the City of Huntington
Beach and the Redevelopment Agency of the City of Huntington
Beach dated November 21, 1988 .
SECTION 2 . The City Administrator is authorized to
take whatever actions are necessary to fulfill the terms of the
Agreement.
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof held on the
day of P'C'e , 1988 .
Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk City At ney v
2258n/2460/18 -2-
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REVIEWED APP V <INITIATED AND APP OV D:
City Administrator Di for of Economic Development
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Res, No. 5953
STATE OF CALIFORNIA
COUNTY OF ORANGE ss:
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, 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 at least a majority of all the members of said City Council
at a regular meeting thereof held on the 19th day
of December 1988 by the following vote:
AYES: Councilmembers:
MacAllister, Green, Winchell , Bannister, Mays, Silva, Erskine
NOES: Councilmembers:
None
ABSENT: Councilmembers:
None
i y Clerk and ex-officio Verk
of the City Council of the City
of Huntington Beach, California
5953