HomeMy WebLinkAboutCity Council - 99-7 RESOLUTION NO. 99-7
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH APPROVING AN AMENDMENT TO
THE DISPOSITION AND DEVELOPMENT AGREEMENT
WITH SASSOUNIAN CAPITAL VENTURES, INC.,
FOR THE SALE OF LAND AND THE CONSTRUCTION
THEREON OF IMPROVEMENTS FOR RESIDENTIAL USES
WHEREAS, the Redevelopment Agency of the City of Huntington Beach(the "Agency")
is engaged in activities necessary to carry out and implement the Redevelopment Plans 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
amend the Disposition and Development Agreement(the "Agreement")with Sassounian Capital
Ventures, Inc. (the "Developer"), which establishes terms and conditions (1) for the Agency to
sell to Developer certain real property referred to in the Agreement, and for Developer to
construct thereon improvements for residential uses as specified in the Agreement; and(2) for
Developer to construct thereon improvements for residential uses as specified in the Agreement;
and
The Developer has submitted to the Agency and the City Council copies of said proposed
Amendment in a form desired by Developer; and
Pursuant to the California Community Redevelopment Law (California Health and Safety
Code, Section 33000 et seg.)the Agency and the City Council held a joint public hearing on the
Amendment, having duly published notice of such public hearing and having made copies of the
proposed Amendment and other reports and documents (including the summary referred to in
Section 33433) available for public inspection and comment; 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:
1. The City Council has received and heard all oral and written objections to the
proposed Agreement and to this transaction, and all such oral and written
objections are hereby overruled.
2. The City Council hereby finds and determines that the consideration to be paid by
Developer for the purchase of said parcels is not less than the fair reuse value at
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Res. 99-7
the uses and with the covenants and conditions and development costs authorized
by the sale and leases.
3. The City Council hereby finds and determines that the sale said parcels pursuant
to the Agreement as amended will assist in the elimination of blight.
4. The City Council hereby finds and determines that the sale of said parcels
pursuant to the Agreement as amended is consistent with the implementation plan
adopted pursuant to Section 33490.
5. The City Council hereby consents to the Agency's use of its authority under
Section 33421 in carrying out the provisions of the Agreement as amended 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.
6. The proposed Amendment is hereby approved in substantially the form presented
at this meeting or with such changes as may be approved by the Executive
Director of the Agency.
7. The Chairman of the Agency and the Executive Director of the Agency are
hereby authorized to execute the Amendment on behalf of the Agency, in
substantially the form presented to this meeting, or with such changes as may be
approved by the Executive Director of the Agency. Execution by the Executive
Director shall constitute conclusive evidence of the Executive Director's approval
of such changes.
8. 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
Amendment when executed by the Agency shall be placed on file in the office of
the City Clerk as Document No. 99-7
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PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 1st day of February , 1999.
Mayor
ATTEST: APPROVED AS TO FORM
Z,-10. / 4,--P
City Clerk 7 ty ttorney �
REVIEWED AND APPROVED: INITIATED AND APPROVED:
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City Admini ator Director of Economic evelopment
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Res. No. 99-7
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-ofI'icio 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 1st day of February, 1999 by the following vote:
AYES: Julien, Bauer, Garofalo, Green, Dettloff, Harman
NOES: None
ABSENT:
ABSTAIN: Sullivan
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City Clerk and ex-o icio Cleicof the
City Council of the City of Huntington
Beach, California