RES-ORA-0224 Approving Lease of Real Property - 1594 Batavia StreetRESOLUTION NO. ORA-
0224 A RESOLUTION OF THE ORANGE REDEVELOPMENT
AGENCY APPROVING A LEASE OF REAL PROPERTY (1594 Batavia
Street)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,
as heretofore amended (hereinafter referred to as the "Project");
and WHEREAS, Melvin H. Brown, Douglas E. Anderson, HLK Associates, Nelson E.
Wescott Living Trust, James N. Mosley, Charles C. Stone, Pamela C. Hildebrand, Thomas L. Yost,
Shaw Family Trust, Michael G. Mullinix, and Ida L. Soleno (collectively, the "230 Owner") have
proposed to sell to the Agency real property located at 230 East Chapman Avenue, Orange (the "Site")
pursuant to a certain Agreement for Sale of Property submitted herewith;
and WHEREAS, the Site is occupied by Bay View Federal Bank, a Federal corporation ("
Bay View") pursuant to a lease, dated May 1, 1988;
and WHEREAS, Bay View desires to sublease the premises located at 216 East Chapman
Avenue the "216 Property") from the Agency so long as the Agency makes available by Bay View for
a limited period during which Bay View can effect exterior and interior improvements of the
216 Property;
and WHEREAS, the Agency desires to enter into a Lease Agreement (the "Lease") with
National Western --Providence Equity Fund, a California limited partnership for the property located at
1594 Batavia Street, Orange (the "Property") for a period of six (6) months to allow Bay View to
complete the exterior and interior improvements to the 216
Property;WHEREAS, the approval and implementation of the Lease is within the purview of
the Redevelopment Plan for the Project and the environmental impact report prepared for
Amendment No.2 to the Redevelopment Plan for the Project (the "Project EIR");
and WHEREAS, prior notice of the consideration of the Agreement has been given by
publication in accordance with law, and a staff report describing the transaction has been available for
public inspection;
and WHEREAS, the Agency has duly considered all terms and conditions of the proposed
Lease and believes that the lease of the Property pursuant to the Agreement is in the best interests of
the Agency and the City and health, safety and welfare of its residents, and in accord with the
public purposes and provisions of applicable State and local law
NOW, THEREFORE, THE ORANGE REDEVELOPMENT AGENCY DOES RESOLVE AS
FOLLOWS:
Section 1:
The Agency approves the Lease and authorizes the Chairman, the Executive Director, or the
Agency Clerk to execute the Agreement. The Agency further determines and approves that the
Chairman, the Executive Director, or the Agency Clerk are authorized and directed to execute such
documents as may be necessary and proper to implement the Agreement.
ADOPTED this 26th day of March ,1991.
an of the Orange Redevelopment Agency
ATTEST:
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 26th day of March
1991, by the following vote:
AYES: DIRECTORS: STEINER, BARRERA, BEYER, COONTZ, SPURGEON
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
ABSTAIN: DIRECTORS: NONE
RESO.ORA-