RES-ORA-0273 Approving First Amendment to Disposition and Development AgreementRESOLUTION NO. ORA- 0273
A RESOLUTION OF THE ORANGE REDEVELOPMENf
AGENCY APPROVING A FIRST AMENDMENT TO
DISPOSITION AND DEVELOPMENf AGREEMENf
AMONG THE ORANGE REDEVELOPMENf AGENCY,
SUNSTREAM COMMUNlTIES, A CALIFORNIA LIMITED
PARTNERSHIP, AND WILLIAM G. CARLSON AND
SHARON R. CARLSON
GALLERIA L'ORANGE)
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 (hereinafter referred to as the "Redevelopment Plan" and "Project",
respectively); and
WHEREAS, the Agency and Sunstream Communities, a California limited partnership
Sunstream") entered into a Disposition and Development Agreement, dated as of April 3, 1989
the "Basic DDA "), which provided for certain development activities to be undertaken at real
property generally located at the southwest corner of Main Street and Chapman Avenue (the
Site"); and
WHEREAS, William G. Carlson and Sharon R. Carlson (collectively, the "Guarantors")
guaranteed the performance by Sunstream pursuant to the Basic DDA, and are prepared to
guarantee performance of the Developer pursuant to the Basic DDA and the "First Amendment",
as defined below; and
WHEREAS, Sunstream and the Guarantors have requested that the Agency amend the
Basic DDA by means of the "First Amendment to Disposition and Development Agreement
Galleria L'Orange)" in the form submitted herewith (the "First Amendment"); and
WHEREAS, the staff has indicated that the First Amendment does not provide for
assistance by the Agency other than that approved and earlier provided pursuant to the Basic
DDA;
WHEREAS, the Agency has duly considered all terms and conditions of the proposed
First Amendment and believes that the 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
and resolve as follows:
Section 1: Subject to City Council approval, the Chairman and the Executive Director
are hereby authorized to execute the First Amendment and to take all steps and sign all
documents and instruments necessary or convenient to carry out the First Amendment on behalf
of the Agency.
PASSED, APPROVED and ADOPTED this 14Th day of December 1993.
By
i]uUtc-
Chairman of the Orange Redevelopment
Agency 'po-/)
t:e~
A lTEST:
q..Ctr)-?-~Agency ClerkIhereby
certify that the foregoing Resolution was duly and regularly adopted by the Orange Redevelopment
Agency at a regular meeting thereof held on the 14th day of December , 1993,
by the following vote:AYES:hl';\ \
W:\- n SPURGEON, BARRERA. ~ BEYER,
COONTZ. MURPHY NOES:NONE ABSENT:
NONE ABSTAIN:
NONE elopment
Agency pU8L:
7130_1194IB2359.
15 2 10/12/93