RES-7814 Approving Redevelopment Agency Disposition and Development AgreementRESOLUTION NO. 7814
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING THE DISPOSmON
AND DEVELOPMENT AGREEMENT BETWEEN THE
ORANGE REDEVELOPMENT AGENCY AND HOME
DEPOT U.S.A., INC.
WHEREAS, the Orange Redevelopment Agency (the" Agency") is engaged in activities
necessary to carry out and implement the Redevelopment Plan for the Northwest
Redevelopment Project Area; and
WHEREAS, in order to carry out and implement such Redevelopment Plan the Agency
proposes to enter into a Disposition and Development Agreement (the "DDA ") with Home
Depot U.S.A., Inc. ("Developer") for the development and continued operation of a Full
Service Home Depot Store (as defined in the DDA) (the "Project"); and
WHEREAS, the 33433 report pertaining to the DDA has been on display prior to the
joint public hearing in accordance with Section 33433 of the California Health and Safety
Code; and
WHEREAS, the Developer has submitted to the Agency and the City Council of the
City of Orange (the "City Council") copies of said proposed DDA in a form executed by the
Developer; and
WHEREAS, the City Council has duly considered all terms and conditions of the
proposed DDA and believes that the execution thereof is in the best interests of the City of
Orange and the health, safety, and welfare of its residents, and in accord with the public
purposes and provisions of applicable state and local laws and requirements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange,
as follows:
Section 1. The City Council approves the DDA. The Mayor, the City Manager, and
the City Clerk are authorized and directed to execute the DDA and such other documents as
may be necessary and proper to implement the DDA.
ADOPTED this 11 th day of June 1991.
ATIEST:
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 11 th day of
June , 1991, by the following vote:
A YES: COUNCIL MEMBERS: STEINER, BARRERA, MAYOR BEYER, COONTZ
NOES: COUNCIL MEMBERS: NONE
ABSENT: COUNCIL MEMBERS: NONE
ABSTAIN: COUNCIL MEMBERS: SPURGEON
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RESO NO. 7814
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