RES-ORA-0225 Approving a Disposition and Development Agreement - Home Depot U.S.A., Inc.RESOLUTION NO. ORA-
0225 A RESOLUTION OF THE ORANGE
REDEVELOPMENT AGENCY APPROVING THE DISPOSITION
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 ccpies of said proposed DDA in a form executed by the Developer;
and WHEREAS, the Agency 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 loca1laws and
requirements.NOW, THEREFORE, BE IT RESOLVED by the Orange Redevelopment Agency,
as
follows:Section 1. The Agency approves the DDA. The Chairman, the Executive
Director,and the Agency 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
ArrEST:
1d'A'/~ ~Aif~
Clerk, Or RedeVe1 ent Agency
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 11 th day of
June , 1991, by the following vote:
AYES: DIRECTORS:STEINER, BARRERA, BEYER, COONTZ
NOES: DIRECTORS:NONE
ABSENT: DIRECTORS:NONE
ABSTAIN: DIRECTORS:SPURGEON
l~O4//~~
clerk, Oran Wment Agency
RESO NO. ORA-