HomeMy WebLinkAboutCity Council - 99-41 RESOLUTION NO. 99-41
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH APPROVING A DISPOSITION AND
DEVELOPMENT AGREEMENT WITH CIM GROUP, LLC.,
FOR THE SALE AND DEVELOPMENT OF LAND
WHEREAS,the Redevelopment Agency of the City of Huntington Beach(the "Agency") is
engaged in activities necessary to carry out and implement the Redevelopment Plan for the Merged
Redevelopment Project Areas of the City of Huntington Beach (collectively the "Redevelopment
Plan"); and
In order to carry out and implement the Redevelopment Plan,the Agency proposes to enter
into a Disposition and Development Agreement (the "Agreement")with CIM GROUP,LLC., (the
"Developer"),which establishes terms and conditions for the Agency to sell to Developer certain real
property referred to in the Agreement and hereinafter as "the Site" and for Developer to construct
thereon improvements as specified in the Agreement; and
The Developer has submitted to the Agency and the City Council copies of said proposed
Agreement in a form desired by Developer; and
Pursuant to the California Community Redevelopment Law (California Health and Safety
Code, Section 33000 et SeMc.) the Agency and the City Council held a joint public hearing on the
Agreement, having duly published notice of such public hearing and having made copies of the
proposed Agreement and other reports and documents (including the summary referred to in Section
33433) available for public inspection and copying; and
The City Council has duly considered all terms and conditions of the proposed transaction,
and believes that it is in the best interests of the Project area and the City and the health, safety,
morals and welfare of its residents, and in accord with the public purposes and provisions of
applicable State and local law and requirements;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington
Beach as follows:
SECTION 1. The City Council hereby finds and determines that the consideration to be
paid by Developer for the purchase of the Site is not less than the fair reuse value at the uses and
with the covenants and conditions and development costs authorized by the sale.
SECTION 2. The City Council hereby finds and determines that the sale of the Site
pursuant to the Agreement will assist in the elimination of blight.
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SECTION SECTION 3. The City Council hereby finds and determines that the sale of the Site
pursuant to the Agreement is consistent with the implementation plan adopted pursuant to Section
33490 of the Health and Safety Code.
SECTION 4. The City Council hereby consents to the Agency's use of its authority under
Health and Safety Code Section 33421 in carrying out the provisions of the Agreement and finds and
determines that such use by the Agency of its authority under Section 33421 is necessary to
effectuate the purposes of the Redevelopment Plan.
SECTION 5. The proposed Agreement is hereby approved in substantially the form
presented at this meeting,with such minor changes as may be approved by the Executive Director
of the Agency with approval as to form by the Agency Legal Counsel.
SECTION 6. The City Council hereby authorizes the City Clerk to deliver a copy of this
Resolution to the Executive Director and members of the Agency. A copy of the Agreement when
executed by the Agency shall be placed on file in the office of the City Clerk as Document No.
oo. o.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular
meeting thereof held on the 7 th day of June, 1999.
Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk ity ttorney
111,
REVIEWED AND APPROVED:
APPROVED AS TO FORM:
City Adnirnistrator
Kane, Ballmer&Berkman
Special Counsel INIT TED AND APPROVED:
Director of Economic Development
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Res. No. 99-41
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
1, 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 7th clay of June, 1999 by the following vote:
AYES: Julien, Bauer, Garofalo, Green, Dettloff,Harman, Sullivan
NOES: None
ABSENT: None
ABSTAIN: None
Z~ze'
City Clerk and ex-officio Clerk of the
City Council of the City of Huntington
Beach, California