HomeMy WebLinkAboutRedevelopment Agency - 314 RESOLUTION NO. 314
A RESOLUTION OF THE REDEVELOPMENT AGENCY 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 carry 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")'
"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 Agency 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 Redevelopment Agency of the City of Huntington Beach does
hereby resolve as follows:
l. The Agency 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 Agency 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 Agency 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.
5. The Chairman of the Agency and the Executive Director of the Agency are
hereby authorized to execute the OPA on behalf of the Agency, in substantially the form
presented to 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, provided that the City Council
has first approved such OPA. Execution by the Executive Director shall constitute conclusive
evidence of the Executive Director's approval of such changes. A copy of the OPA when
executed by the Agency shall be placed on file in the office of the Secretary of the Agency.
6. The Executive Director of the Agency(or his designee) is hereby authorized, on
behalf of the Agency, to sign all documents necessary and appropriate to carry out and
implement the OPA, and to administer the Agency's obligations, responsibilities and duties to be
performed thereunder.
PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the City of
Huntington Beach at a regular meeting thereof held on the 2nd day of Oc ober 2000.
Chairman, .pro Tein
ATTEST: APPROVED AS TO FORM:
�� frd� �,/� � L• Lome
Agency Clerk Agency General Counsel
REVIEWED AND APPROVED: INITIATED AND APPROVED:
ecutive Director Directo of Economic Develo ent
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Res. No. 314
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
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 regular
meeting of said Redevelopment Agency held on the 2nd day of October,
2000 and that it was so adopted by the following vote:
AYES: Julien, Sullivan, Harman, Green, Dettloff, Bauer
NOES: None
ABSENT: None
ABSTAIN: Garofalo
the Redevelopme Agency
Clerk�-of
of the.City"of Huntington Beach, CA