RES-ORA-0293 Approving Sale of Certain Real PropertyRESOLUTION NO. ORA-
0293 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY
APPROVING THE SALE OF PROPERTY (
THE AGREEMENT) BETWEEN THE
ORANGE REDEVELOPMENT AGENCY AND
DAVID VALENTINE/INDEPENDENT
DEVELOPMENT COMPANY (
IDC).WHEREAS, the Orange Redevelopment Agency (the "Agency") is engaged in
activities necessary to carry out and implement the Redevelopment Plan for the
Southwest Redevelopment Project Area;
and WHEREAS, in order to carry out and implement such Redevelopment Plan the
Agency proposes to enter into an Agreement for the sale of property with David Valentine/
Independent Development Company (IDC) for the development of retail space (as defined in
the Agreement);
and WHEREAS, a report pertaining to the "Agreement" has been on display prior to
the public hearing in accordance with Section 33433 of the California Health and Safety Code;
and WHEREAS, the Developer has submitted to the Agency copies of said
proposed Agret~ment" in a form executed by the Developer;
and WHEREAS, the Agency has determined that the consideration for the property is
not less than the Fair Market Value of it's highest and best use in accordance with the plan;
and WHEREAS, the Agency has also determined that the sale of the property will assist
in the elimination of blight in the area;
and WHEREAS, a duly noticed public hearing was held III accordance with
Health &Safety Code Section 33433;
and WHEREAS. the Agency has duly considered all terms and conditions of the
proposed Agret:ment" and believes that the execution thereof is in the best interests of the City
ofOrang(;~ and the health, safety, and welfare of its residents, and in accord with the
public PUrpOSI~S and provisions of applicable state and local laws and
requirements.NOW, THEREFORE, BE IT RESOLVED by the Orange Redevelopment Agency,
as
follows:Section 1. The Agency approves the "Agreement". The Chairman is authorized
and directed to execute the" Agreement" and such other documents as may be necessary and
proper to implement the"
PASSED, APPROVED, AND ADOPTED this 27t~ay of June 1995.
ORANGE REDEVELOPMENT AGENCY,
a public bQ4y, corporate and politic
I
i I-~
By: ~(/a-y ~/
b'?Joanne Coontz,
Chairm~~
j
ATTEST:It--
k--u::t-Marilyn
Jensen, gency Clerk Cassandra J. Cathcart,
Assistant Agency Clerk I hereby certify that the foregoing Resolution was duly and regularly
adopted by the Orange Redevelopment Agency at a regular meeting thereof held on the
27th day of JunE~ , 1995, by
the following vote:AYES: DIRECTORS: MURPHY, BARRERA, CHAIRMAN
COONTZ, SPURGEON, SLATER
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
ABSTAIN: DIRECTORS:
NONE Agency Clerk athcart,
Assistant Agency