RES-8221 Approving First Amendment to Disposition and Development Agreement with Orange Housing Development CorporationRESOLUTION NO. 8221
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE
APPROVING A FIRST AMENDMENT TO DISPOSITION AND
DEVELOPMENT AGREEMENT WITH THE ORANGE HOUSING
DEVELOPMENT CORPORATION (pixley and Almond; 1515 East Walnut)
WHEREAS, the Orange Redevelopment Agency (hereinafter referred to as the
Agency") under the provision of the California Community Redevelopment Law, is engaged in
activities necessary for the execution of the Redevelopment Plan for the Southwest
Redevelopment Project Area (hereinafter referred to as the "Project Area"); and
WHEREAS, the Orange Housing Development Corporation (the "Developer") and the
Agency previously entered into a Disposition and Development Agreement (the "DDA "), as
approved by Agency Resolution No. ORA-0260 on December 8, 1992, pursuant to which
the Developer was to purchase and develop for use as affordable housing two non-
contiguous parcels Parcel A" consisting of certain real property at the northeast corner of Pixley
and Almond;Parcel B" consisting of 1515 East Walnut) located within the Project Area,
which parcels collectively constitute the
Site; and WHEREAS, the Developer has contemplated and the DDA reflected that
the Developer would develop the Site in conjunction with Walnut-Pixley, Inc.,
a California corporation WPC") and Walnut-Pixley, L.P., a California
Limited Partnership ("WPL"); and WHEREAS, the Developer, WPC, and WPL have requested that
the Agency approve an amendment to the DDA in the form submitted herewith,
entitled: "First Amendment to Disposition and Development Agreement By and Among the
Orange Redevelopment Agency, the Orange Housing Development Corporation, Walnut-Pixley,
L.P., and Walnut-Pixley,
Inc."herein, the "First Amendment"); and WHEREAS, the First Amendment provides for
the imposition of the same affordability covenants and priority of liens as provided pursuant to
the DDA, and the First Amendment requires no additional Agency assistance other than the assistance
required to be provided by the
Agency pursuant to the DDA; and WHEREAS, the City Council and the governing
board of the Agency have duly considered all terms and conditions of the sale and development of
the Site pursuant to the DDA as amended by the subject First Amendment and believes that such
sale and development is in the best interests of the City and health, safety, morals and welfare
of its residents, and in accord with the public purposes and provisions of
applicable State and local law requirements;NOW, THEREFORE, the City Council of the
City of Orange does hereby find,
determine, order and resolve as follows:Section 1. The City Council consents and approves
that the Executive Director of the Agency is hereby authorized and directed to execute the First
and sign all documents and instruments including, but not limited to, grant deeds to carry out the
DDA and the First Amendment on behalf of the Agency.
PASSED, APPROVED AND ADOPTED this 10thday of Auqust, 1993.
CITY OF ORANGE, a municipal corporation
ATTEST:
0&l~~ -# ~P~/City
1erk I
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 10th day of August ,
1993, by the following vote:A1nES:
SPURGEON, MAYOR BEYER, COONTZ, MURPHY NOES:
NONE ABSENT:
NONE ABSTAIN:
BARRERA AA'
T Q~City
erk (/ {/ >.. -PUBL4734_1194IB2359.
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