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HomeMy WebLinkAboutRedevelopment Agency - 300 RESOLUTION NO. 30o A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT WITH.CIM GROUP,LLC., FOR THE FUTURE DEVELOPMENT OF BLOCKS .104/105. i 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 C11\4 Group, LLC., (the "Developer"), which establishes terms and conditions for the sale of certain properties and the general development of Blocks 104/105 (the "Project')by the Developer within the boundaries of the area set forth with particularity in the Agreement (the "Site"); 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 seq.) 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 Agency 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 Redevelopment Agency of the City of Huntington Beach as follows: SECTION 1. The Agency hereby finds and determines that the consideration to be paid by Developer for the purchase of the Site conveyed to it by the Agency 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 Agency hereby finds and determines that the sale of the Site within the Project area pursuant to the Agreement will assist in the elimination of blight. 1 SF-99Resolutions:104-5 RLS 99-361 5127/99-#1 �Qes 30.0 SECTION 3_ The Agency 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 Agency hereby finds and determines that the Agency's use of its authority under Health and Safety Code Section 33421 in carrying out the provisions of the Agreement 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 the approval as to form by the Agency General Counsel. SECTION 6. The Chairman of the Agency and Clerk of the Agency are hereby authorized to execute and alter the Agreement on behalf of the Agency. A copy of the Agreement when executed by the Agency shall be placed on file in the office of the Agency Clerk as Document No. 600.30 . SECTION 7. The Executive Director of the Agency(or his designee) is hereby authorized, on behalf of the Agency, to sign all documents (including but not limited to grant deeds) necessary and appropriate to carry out and implement the Agreement, and to administer the Agency's obligations, responsibilities and duties to be performed thereunder. PASSED AND ADOPTED by the Redevelopment Agency of the City of Huntington Beach at a regular meeting thereof held on the 7th day of June, 1999. Chairman f ATTEST: APPROVED AS TO FORM: Agency Clerk A enc Genera Counsel REVIEWED AND APPROVED: APPROVED AS TO FORM: City AdiKinistrator Kane, Ballmer&Berkman Special Counsel for the Agency INITIATED AND APPROVED: 4 d. Director of Economic Development 2 SF-99Resolutions:104-5 RLS 99-361 5/27/99-#1 Res. No. 300 1 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 an adjourned regular meeting of said Redevelopment Agency held on the 7th day of June, 1999 and that it was so adopted by the following vote: AYES: Julien, Bauer, Garofalo, Green, Dettloff, Harman, Sullivan NOES: None ABSENT: None ABSTAIN: None Clerk of the Redevelopmen Agency of the City of Huntington Beach, Ca.