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RESOLUTION NO. 344
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF HUNTINGTON BEACH APPROVING THE SALE
OF PROPERTY LOCATED WITHIN THE HUNTINGTON BEACH
REDEVELOPMENT PROJECT AREA
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
Pursuant to the California Community Redevelopment Law(California Health and Safety
Code, Section 33000 et seq.), the Agency acquired real property located at 438 Main Street,
Huntington Beach, which is located in the Redevelopment Project Area, Main-Pier sub area; and
The real property consists of a 5,750 square foot parcel and includes a commercial two-
story office building of approximately 4,250 square feet, and is legally described as Assessor's
Parcel Number 24-134-02 (hereafter, the"Property"); and
The Agency purchased the Property in anticipation of acquiring adjacent parcels for a
larger redevelopment site. However, as a result of the pattern of land use and private
redevelopment activities, including the development of new homes in the vicinity, the Agency
has determined that acquiring adjacent parcels is no longer feasible; and
In order to carry out and implement the Redevelopment Plan, the Agency proposes to
enter into a Sale Agreement(the "Agreement") for the Property; and
Pursuant to the California Community Redevelopment Law(California Health and Safety
Code, Section 33433) 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 Report required
by 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 consistent with the Redevelopment Plan, will assist in eliminating blight in the
Redevelopment Project area, is in the best interests of the Redevelopment Project area,the City
and the health, safety, morals and welfare of its residents, and is 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
for the purchase of the Property 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 authorized by the sale.
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SECTION 2. The Agency hereby finds and determines that the sale of the Property
within the Project area pursuant to the Agreement will assist in the elimination of blight.
SECTION 3. The Agency hereby finds and determines that the sale of the Property
pursuant to the Agreement is consistent with the implementation plan adopted pursuant to
Section 33490 of the Health and Safety Code.
SECTION 4. The Sale 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 Summary Report prepared pursuant to Section 33433 is hereby
adopted.
SECTION 6. The Chairman of the Agency and the Agency Clerk are hereby authorized
_ to execute and alter the Agreement on behalf of the Agency as may be approved by the City
Attorney. A copy of the Agreement when executed by the Agency shall be placed on file in the
Office of the Agency Clerk.
SECTION 7. The Executive Director of the Agency and the Agency Clerk are hereby
authorized, on behalf of the Agency, to sign all documents necessary and appropriate to carry out
and implement the Agreement, and to administer the Agency's obligations, responsibilities and
duties to be performed thereunder. The Chairman of the Agency and the Agency Clerk shall
execute the Grant Deed.
PASSED AND ADOPTED by the Redevelopment Agency of the City of Huntington
Beach at a regular meeting thereof held on the 7th day of April , 2003.
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Chairman
ATTEST: APPROVED AS TO FORM:
Zia Y'\/1C
Agency Clerk d'' Agency General C un el I-i (-U ►(A
REVIEWED AND APPROVED: INITIATED AND APPROVED:
&VJ C, �v
Executive"birector Director of Economic 15evelopment
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Res. No. 344
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 7th day of April
2003 and that it was so adopted by the following vote:
AYES: Coerper, Green, Boardman, Cook, Hardy
NOES: None
ABSENT: Sullivan
ABSTAIN: Houchen
Clerk of the Redevelopment Agency
of the City of Huntington Beach, CA