HomeMy WebLinkAboutRedevelopment Agency - 154 RESOLUTION NO. 154
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 AND DEVELOPMENT AGREEMENT BY AND AMONG
THE HUNTINGTON BEACH REDEVELOPMENT AGENCY AND
CALIFORNIA RESORTS (FORMERLY HUNTINGTON PACIFICA I)
WHEREAS, the Redevelopment Agency of the City of Huntington Beach
(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 Second Amended Disposition and
Development Agreement (the "Agreement) with California Resorts
(formerly Huntington Pacifica I), a California general partnership (the
"Developer"), which Agreement provides for the transfer by 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
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 enumerated in the Redevelopment Plan and will be
of benefit to the Project Area.
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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 Agreement 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.
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 Agreement and necessary to effectuate the
provisions of the Agreement.
PASSED AND ADOPTED this 27th day of June , 1988.
Chairman
ATTEST: APPROVED AS TO FORM:
Agency Clerk Agency Couns
Special Agency Counsel
REVIEWED AND APPROVED: ITIATED AND APPROVED:
Executive Director 1rec o of Community Develop.
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Res. No 154
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH)
1, 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
Huntington Beach at a meeting of said Redevelopment Agency held on the
27th day of June 19 88 , and that it was so adopted
by the following vote:
AYES: Members:
Kelly, Green, Finley, Mays, Winchell
NOES: Members:
None
ABSENT: Members:
Erskine
ABSTAIN: Bannister
Clerk of the Redevelopment Agency of
the City of Huntington Beach, Ca.
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