RES-8658 Cooperation Agreement to Dispose of Surplus City PropertyRESOLUTION NO. 8658
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE AUTHORIZING THE
EXECUTION OF A COOPERATION AGREEMENT
WITH THE ORANGE REDEVELOPMENT AGENCY
TO DISPOSE OF SURPLUS CITY PROPERTY AT
THE NORTHWEST CORNER OF LA VETA
AVENUE AND MAIN STREET
WHEREAS, by Ordinance No. 37-84 adopted on November 20, 1984,
amended by Ordinance No, 20-86 adopted on July 15, 1986, and amended by Ordinance
No. 24-88 adopted on July 12, 1988, the City Council of the City of Orange adopted
and approved a certain Redevelopment Plan (the "Redevelopment Plan") for the
Southwest Project Area,
the "Project"); and WHEREAS, pursuant to the Community Redevelopment Law of
the State of California (Health and Safety Code Section 33000, et sea,),
the Orange Redevelopment Agency (the "Agency") is carrying out the Redevelopment Plan for the
Project in the redevelopment area (the "
Project Area"); and WHEREAS, in furtherance of the Project, the City and the Agency
desire to enter into a Cooperation Agreement in the form attached hereto (
the "Agreement"); and WHEREAS, the City acquired certain real property generally
located at 1425-1435 West LaVeta Avenue, 472-490 South Main Street for
purposes
of street widening;and WHEREAS, a portion of that certain real property is
not needed for street widening purposes and is determined to be
surplus City property, and WHEREAS, the City desires to sell and the Agency desires
to acquire the surplus property generally located at 1425-1435 West
LaVeta Avenue, 472-490 South Main Street (the "Subject Property"), which is more particularly
described in Exhibit A to the Agreement, to further the
implementation of the Redevelopment Plan; and WHEREAS, the acquisition of the Subject Property
will be of benefit to the Project Area in that it will enhance the area and
contribute to the elimination of blight throughout th~ P1Gject Area, and in the
immediate neighborhood in which
the Project Area is located; and WHEREAS, no other reasonable means
of financing the Subject Property are available to the community in th~ the cost of
the Subject Property exceeds the financial ability of the City to pay, no private sources of funding
are available, andall state and federal
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Orange, as follows:
1. The City hereby declares that the Subject Property is not needed for street
widening purposes,
2, The City hereby declares the Subject Property to be surplus City property and
seeks to convey the Subject Property to the City and hereby requests the Agency
to purchase such Subject Property from the City for a sum of $1,527,597 in
accordance with the Agreement,
3. The City hereby approves the Agreement and authorizes and directs the Mayor and
City Manager to execute the Agreement and all such documents necessary or
appropriate to effectuate its terms,
ADOPTED this 25th day of June 1996,
2~~~
ayor
of the City of Orange ATTEST:
I
hereby certuy 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 25th day of
June , 1996 by the following vote:AYES:
CO~CIL~1{BERS: MURPHY, BARRERA, COONTZ NOES:
CO~CIL~1{BERS: NONE ABSENT:
CO~CIL~1{BERS: NONE ABSTAIN:
CO~CIL~1{BERS: SPURGEON, SLATER Pz.:&
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