HomeMy WebLinkAboutCity Council - 2000-95 RESOLUTION NO. 2 0 0 0-9 5
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH
APPROVING AN OWNER PARTICIPATION AGREEMENT
BETWEEN THE REDEVELOPMENT AGENCY
OF THE CITY OF HUNTINGTON BEACH AND
HUNTINGTON CENTER ASSOCIATES, LLC, FOR
THE REDEVELOPMENT OF HUNTINGTON CENTER
WHEREAS, the Redevelopment Agency of the City of Huntington Beach (the "Agency")
is engaged in activities necessary to cagy out and implement the Redevelopment Plan for the
Huntington Beach Redevelopment Project(the "Project"); and
In order to carry out and implement the Redevelopment Plan, the Agency proposed to
enter into an Owner Participation Agreement("OPA")with Huntington Center Associates, LLC,
a Delaware limited liability corporation("Developer"), which OPA establishes terms and
conditions for Developer's redevelopment of the Huntington Center on certain real property (the
"Site") and for Agency's potential sale of certain land within the Site to Developer as part of
such redevelopment; and
Developer has submitted to the Agency and the City Council copies of said proposed
OPA in a form desired by Developer, and
Pursuant to California Community Redevelopment Law(California Health and Safety
Code Section 33000 et seq.), this Agency and the City Council held a joint public hearing on the
OPA, having duly published notice of such public hearing and having made copies of the
proposed OPA and other reports and documents (including the summary referred to in Section
33433) available for public inspection and comment; and
This City Council has duly considered all terms and conditions of the proposed
transaction, and believes that the redevelopment and any sale pursuant thereto 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, the City Council of the City of Huntington Beach does hereby
resolve as follows:
l. The City Council hereby finds and determines that the consideration to be paid by
Developer for any purchase of property within the Site is not less than the fair reuse value of
such property at the use and with the covenants and conditions and development costs authorized
by such sale.
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2. The City Council hereby finds and determines that the sale, if any, of property
within the Site pursuant to the OPA is consistent with the implementation plan adopted pursuant
to Section 33490.
3. The City Council hereby finds and determines that the sale, if any,of property
within the Site pursuant to the OPA is consistent with the implementation plan adopted pursuant
to Section 33490.
4. The proposed OPA is hereby approved in substantially the form presented at this
meeting or with such non-substantial changes as may be approved by the Executive Director of
the Agency and the Agency's legal counsel. Execution by the Executive Director shall constitute
conclusive evidence of the Executive Director and Agency legal counsel's approval of such
changes.
5. 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 OPA when
executed by the Agency shall be placed on file in the office of the City Clerk.
PASSED, APPROVED AND ADOPTED by the City Council of the City of Huntington
Beach at a regular meeting thereof held on the 2nd day of October 2000.
kqW 410M a0n
'Mayol Pro Tem
ATTEST: APPROVED AS TO FORM:
City Clerk °`la a" /,<,City Attorney
REVIEWED AND APPROVED: INITIATED AND APPROVED:
1�aI2
CitfAdministrator 151rect61 of Economic Develop ent
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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-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 2nd
day of October, 2000 by the following vote:
AYES: Julien, Sullivan, Harman, Green, Dettloff, Bauer
NOES: None
ABSENT: None .
ABSTAIN: Garofalo
City Clerk and ex-officio C rk of the
City Council of the City of
Huntington Beach, California