RES-ORA-0269 Approving First Amendment to DIsposition and Development Agreement Orange Housing Development CorporationRESOLUTION NO. ORA-
0269 A RESOLUTION OF THE ORANGE REDEVELOPMENT
AGENCY 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 :he DDA; and WHEREAS, the Agency has duly considered all
terms and conditions of the sale pursuant to the DDA as amended by the First Amendment and
believes that the development of the Site pursuant to the DDA as amended by the subject First Amendment
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
Orange Redevelopment Agency does hereby
find, determine,order and resolve as follows:Section 1. The First Amendment is approved.
Subject to the City Council approval, the Executive Director is hereby authorized and directed to
all steps 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 ADOPI'ED this lOthday of August, 1993.
ORANGE REDEVELOPMENT AGENCY, a
public body, corporate and politic
ATTEST:
7/fvr(r Q ~
Agen CierI?"
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 10tltlay of
August , 1993, by the following vote:
AYES:
roU)\YI:'t.'" )
SPURGEON, BARRERA, ~ BEYER, COONTZ, MURPHY
NOES:NONE
ABSENT: NONE
ABSTAIN: NONE
u.h~ < 0 ~~
Clerk, Orang edeve!6pIi€fit Agency
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