HomeMy WebLinkAboutRedevelopment Agency - 231 RESOLUTION NO. 231
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF HUNTINGTON BEACH APPROVING THE
LEASING OF REAL PROPERTY AND FINANCING OF CONSTRUCTION
OF PUBLIC IMPROVEMENTS PURSUANT TO A SECOND AMENDMENT TO
OWNER PARTICIPATION AGREEMENT BY AND AMONG THE
REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON
BEACH AND ABDELMUTI DEVELOPMENT COMPANY
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 Owner
Participation Agreement (the "Agreement" ) with Abdelmuti
Development Company, a California general partnership (the
"Participant" ) , which Agreement provides for the acquisition
and imposition of certain portions of the Project Area situated
at the corner of _T-?air. Street- and Pacific Coast Highway and the
provision of a commercial and/or residential building and other
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 H(•,alth and Safety Code,
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detailed description of the provisions of the Agreement; and
The Agreement provides for the development of a commercial
and/or residential building and certain public improvements,
which are a benefit to the project area and are essential to its
development according to the Main-Pier Redevelopment Plan, 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, including the commercial and/or
residential building, which improvements are enumerated in the
Redevelopment Plan; and
The Agency has reviewed the EIR for this project which was
certified as being in conformance with CEQA requirements and
approved as adequate by the City Council in its action to uphold
the Planning Commission' s determination to that effect on July
18, 1983, and January 21, 1992.
NOW, THEREFORE, the Redevelopment Agency of the City of
Huntington Beach does hereby resolve as follows :
Section 1. The Redevelopment Agency finds and determines
that EIR 82-2 and EIR 89-6, certified and approved including the
finding of overriding considerations by the City Council in its
position as the lead agency, is adequate for this project.
Section 2 . 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
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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 of benefit to
the project area and are necessary to effectuate the purpose of
the Redevelopment Plan applicable to the Project Area, that such
improvements would be infeasible without the participation of the
Agency and approves the provision of such improvements by the
Agency.
Section 3 . The Redevelopment Agency hereby approves the
Agreement and all of its provisions, including without
limitation, the attachments 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 31st day of August
1992 .
Chairman
ATTES • APPROVED AS TO FORM:
Agency Clerk T°rAgency Counsel
y -Li _ 5L
REVIEWED AND APPROVED: INITIATED AND APPROVED:
EX cutive irec or Director of Economic Development
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Reso No. 231
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH)
I, CONNIE BROCKWAY, 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 31st day of August ,
1992, and that it was so adopted by the following vote:
AYES: Members :
Robitaille Moulton-Patterson Whinchell, Silva, Green, MacAllister, Kelly
NOES: Members :
None
ABSENT: Members:
Nnna
•
Clerk of 5iie Redevelop0ent Agency
of the City of Huntington Beach,CA
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