RES-10293 Sale of Unimproved Real PropertyRESOLUTION NO. 10293
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ORANGE AUTHORIZING THE
SALE BY THE ORANGE REDEVELOPMENT
AGENCY OF UNIMPROVED REAL PROPERTY
CONSISTING OF APPROXIMATELY 13,720
SQUARE FEET GENERALLY LOCATED ON
THE EAST SIDE OF MANCHESTER AVENUE,
NORTH OF CHAPMAN AVENUE IN THE CITY
OF ORANGE TO CITY TOWN CENTER
PARKING PARCEL, L.P., A CALIFORNIA
LIMITED PARTNERSHIP.
WHEREAS, the City of Orange (the City) is a municipal corporation which exercises
governmental functions and powers, and is organized and existing under the laws of the State of
California; and
WHEREAS, the Orange Redevelopment Agency (Agency) has been duly created,
established and authorized to transact business and exercise its powers under and pursuant to
the California Community Redevelopment Law (commencing with Section 33000 of the Health
and Safety Code and hereinafter referred to as the Redevelopment Law); and
WHEREAS, the Agency is the owner of that certain irregular-shaped,
unimproved real property consisting of approximately 13,720 square feet and generally located on the
east side of Manchester Avenue, north of Chapman Avenue in the City of Orange, County
of Orange, State of California (the Property), which is depicted on the map attached hereto
as Exhibit A and more particularly described on Exhibit A-I, attached hereto
and incorporated herein by this
reference; and WHEREAS, the Property is located within the boundaries of the Orange
Merged and Amended Redevelopment Project Area (the Redevelopment Project
Area), which Redevelopment Project Area was duly established by the City Council of the City of
Orange on November 27,2001 by Ordinance No. 21-01, pursuant to the
Redevelopment Law; and WHEREAS, the Agency is engaged in activities necessary to carry
out and implement the Redevelopment Plan for the Redevelopment
Project Area; and WHEREAS, pursuant to Conditional Use Permit No. 2480-
03, Variance No. 2134-03 and Major Site Plan Review No. 0311-03, City Town
Center, L.P., a California limited partnership (CTC), an affiliate of City Town Center Parking
Parcel, L.P., a California limited partnership (the Buyer), has previously
developed a 5-acre commercial retail center commonly known as City Towne Center
and located at 3739-3743 W. Chapman Avenue Retail Center), which Retail
WHEREAS, the Buyer desires to purchase the Property from the Agency at its fair
market value for the purpose of developing thereon a parking lot for use by CTC, its
successors and assigns, and any of CTC's tenants, employees, agents, guests, invitees,
members of the general public and patrons of the Retail Center (the Project); and
WHEREAS, the Agency is willing to sell the Property to the Buyer at its fair market
value for redevelopment purposes; and
WHEREAS, the Buyer proposes to acquire the Property pursuant to the terms and
provisions of a Purchase and Sale Agreement and Joint Escrow Instructions (the Purchase
Agreement) to be entered into with the Agency in the form presented at this meeting and
under the authority granted to the Agency by Sections 33430, 33431 and 33433 of the
Redevelopment Law; and
WHEREAS, the Property has been appraised as having a fair market value of
69,000.00 and the purchase price set forth in the Purchase Agreement is in accordance with
said appraisal; and
WHEREAS, the Purchase Agreement by and between the Agency and the Buyer has
been prepared and submitted, providing for the conveyance of the Property by the Agency to the
Buyer for the purchase price and upon the terms stated therein; and
WHEREAS, after publication of notice as required by law and having made copies of
the proposed Purchase Agreement and a Summary Report pertaining to the proposed sale of the
Property by the Agency to the Buyer, a joint public hearing has been duly held by this Agency
and the City Council in accordance with Section 33433 of the Redevelopment Law on the
proposed sale of the Property by the Agency to the Buyer in accordance with the terms and
provisions of the Purchase Agreement; and
WHEREAS, this City Council, has duly considered all of the terms and conditions of
the Purchase Agreement, as set forth in the agenda report presented to it and any testimony
received at the meeting at which this matter was considered, and believes that the sale of the
Property by the Agency is in the best interests of 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 requirements, and that such activities promote the objectives of the
Redevelopment Law as well as the Redevelopment Plan for the Redevelopment Project Area.
NOW, THEREFORE, the City Council of the City of Orange resolves, finds and
determines, on the basis of the facts set forth in the agenda report presented to it and any
testimony received at the meeting at which this matter was considered, as follows:
1. The foregoing recitals are true and correct.
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2. The sale of the Property to the Buyer in accordance with the terms and
provisions of the Purchase Agreement will assist in the elimination of blight and is consistent
with the Agency's Implementation Plan for the reasons outlined in the agenda report
presented to this Agency and in the Summary Report required by Section 33433 of the
Redevelopment Law.
3. The consideration to be received by the Agency from the Buyer for the sale of
the Property in accordance with the terms and provisions of the Purchase Agreement is not
less than the fair market value at its highest and best use in accordance with the
Redevelopment Plan for the Redevelopment Project Area.
4. The terms and provisions of the Purchase Agreement between the Agency and
the Buyer are approved and that the Agency is hereby authorized to sell the Property to the
Buyer in accordance with the terms and conditions of the Purchase Agreement.
ADOPTED this 2ih day of May, 2008.
ATTEST:
I, MARY E. MURPHY, City Clerk of the City of Orange, California, do hereby
certify that the foregoing Resolution was duly and regularly adopted by the City Council of
the City of Orange at a regular meeting thereof held on the 271 day of May, 2008, by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS: Smith, Cavecche, Dumitru, Bilodeau
COUNCIL MEMBERS: None
COUNCIL MEMBERS: Murphy
COUNCIL MEMBERS: None
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