RES-ORA-0277 Approving an Owner Participation AgreementRESOLUTION NO. ORA-
0277 RESOLUTION OF THE ORANGE
REDEVELOPMENT AGENCY APPROVlNG AND AUTHORIZING
EXECUTION OF AN OWNER PARTICIPATION AGREEMENT BY
AND AMONG THE ORANGE REDEVELOPMENT AGENCY,
THE CITY OF ORANGE AND THE
GARNER-RICHMOND TRUST AND MAKING CERTAIN
FINDINGS THEREWITH WHEREAS. the Orange Redevelopment Agency (the" Agency") is a
duly constituted redevelopment agency and is undertaking certain activities necessary for redevelopment
under the provisions of the California Community Redevelopment Law (Health and Safety
Code Sections 33000 et seq.) and pursuant to the Redevelopment Plan (the "Plan") for
the Southwest Redevelopment Project (the "
Project"); and WHEREAS, the Agency has the general purpose of redevelopment and the
elimination of blight and the provision of public facilities as set forth in the
Plan; and WHEREAS, pursuant to Health and Safety Code Section 33445, the
Agency is authorized, as provided in its redevelopment plan, to assist in the installation and
construction of public improvements within the Project Area of the Project (the "Project
Area"); and WHEREAS. the Agency. the City of Orange (the "City") and
The Garner-Richmond Trust (the "Participant") propose to enter an Owner Participation
Agreement (the" Agreement")in the form submitted herewith wherein the Agency will purchase from
the Participant certain property (the "Property") located at the northwest corner of Main Street
and Chapman Avenue,which Property is located within the Project Area, and which Property the
Participant will convey to the City. Additionally, pursuant to the terms of the Agreement, the
Participant proposes to construct private, commercial improvements on an adjacent site (
the "Site"); and WHEREAS, pursuant to the terms of the Agreement the Agency, in
consideration of the conveyance of the Property from the Participant to the City and the
development undertakings by the Participant, will provide financial assistance in the form of a grant to defray the
cost of the Transportation Systems Improvement Programs Fees ("TSIP Fees") imposed by
the City in connection with the development of the Site and landscaping comparable to that
of the southwest corner of Main and Chapman ("Landscaping.). The grant for TSIP Fees
shall not exceed 33,100 and the total grant inclusive of TSIP Fees shall not exceed $
68,000; and WHEREAS, the Participant proposes to install and construct
certain public improvements the "Public Improvements") on the Property to the extent more particularly
described in
the Agreement; and WHEREAS. the City and the Agency have similar purposes for
the installation and construction of the Public Improvements located within the
WHEREAS, in furtherance of the public purposes of the Agency and the City, the
Agency and the City desire to enter into the Agreement, pursuant to which the Agency will make
certlin payments as therein provided; and
WHEREAS, the Public Improvements would assist in the elimination of blight by
providing for enhanced thoroughfares and other improvements of benefit to the Project Area; and
WHEREAS, there are no other reasonable means of funding the portion of the costs of
construction and installation of the Public Improvements other than the funds of the Agency; and
NOW, THEREFORE, BE IT RESOLVED by the Orange Redevelopment Agency as
follows:
Section 1. The Agency hereby determines that: (a) the Agreement is of benefit to the
Project Area; (b) no other reasonable means of financing the actions contemplated by the
Agreement are available to the community; and (c) the payment of funds for the acquisition of
land or the cost, of buildings, facilities, structures, or other improvements in connection with the
provision of the' Public Improvements will assist in the elimination of one or more blighting
conditions inside the Project Area by alleviating inadequate public improvements.
Section 2. The Agreement between the Agency and the City, a copy of which is on
file with the Secretary of the Agency, is hereby approved, and the Agency Executive Director is
authorized and directed to execute said Agreement on behalf of the Agency.
Section 3. Agency staff is hereby authorized and directed to take any appropriate
action consistent with the purposes of this Resolution and the Agreement approved hereby to
carry out the Agreement on behalf of the Agency.
ADOPTED this ..l.1.tb- day of M"y 1994.
GENE BEYER
Chairman, Orange Redevelopment Agency
BY:--~.{'~'l_MARILYNJ. JENSEN, C.M.C. ce Chairman Clerk,
Orange Redevelopment Agency ~/ } )By :
d1:(I
h b 'J;, h h" . as"
andra J. athcart, C.l\l.C. Ass~EitanJ: Clerk ereycerth] t at t e 10regomg ReSOlutIOn was Iy ana regularly a(lopteaoy the .Orange
Redevelopment Agency at a regular meeting thereof held on the 17th day of 1994
by the following vote:ATTEST:AYES:
DIRECTORS:
NOES: DIRECTORS:
ABSENT: DIRECTORS:
ABSTAIN: QIRECTORS:
p ,BY(
LJ ~~
MARILYN J. JENSEN, C.M.C.Cas~andra
J. ( athcarLC.M.C. Clerk, Orange Redevelopment Agency ASSIstant ClerkORA0277
SPURGEON,NONE
NONE
NONE
BARRERI\,
BEYER,
COONTZ, MURPHY 2-