HomeMy WebLinkAboutRedevelopment Agency - 320 RESOLUTION NO. 320
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF HUNTIJGTON BEACH APPROVING A
DISPOSITION AND DEVELOPMENT AGREEMENT WITH
BOWEN COURT, L.P., FOR THE CONSTRUCTION OF
LOW COST HOUSING
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 Bowen Court,
L.P., (the "Developer"), which establishes terms and conditions for the construction of low-cost
housing (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,
1 _
SF-2001 Resolutions:Agency-Bowen Court
O6/01/01
Res. No. 320
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,,and provide
housing for low-income persons.
.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 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 5. The Chairman of the Agency and the Agency Clerk 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.
2
SF-2001 Resolutions:Agency-Bowen Court
06/01/01
Res. No. 320
SECTION 6. 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 4th of June, 2001.
Cffiairrnan
ATTEST: APPROVED AS TO FORM:
Agency Clerk &-i-f Agency General Counsel
REVIEWED AND APPROVED: INITIATED AND APPROVED:
Exe five Director Director of Economic Development
3
SF-2001 Resolutions:Agency-Bowen Court
06/01/01
Res. No. 320
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 4th day of June,
2001 and that it was so adopted by the following vote:
AYES: Green, Boardman, Cook,'Dettloff, Bauer
NOES: Julien Houchen
ABSENT: Garofalo
ABSTAIN: None
Clerk ofi the'Redevelopment Agency
of the City of Huntington Beach; CA