RES-ORA-0514 Acquisition of City-Owned Parking LotsRESOLUTION NO.ORA-
0514 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY APPROVING
THE ACQUISITION FROM THE CITY OF ORANGE
OF CITY-OWNED PARKING
LOTS GENERALLY LOCATED ON THE EAST SIDE OF
NORTH OLIVE STREET SOUTH OF MAPLE
AVENUE FOR
REDEVELOPMENT PURPOSES.WHEREAS, the City of Orange (the City) is a municipal
corporation exercising governmental functions and powers, organized and existing under the laws of the
State of California, and authorized to sell and otherwise convey real property to
the Orange Redevelopment Agency (the Agency) under the California Community
Redevelopment Law commencing with Section 33000 of the Health and Safety Code and hereinafter referred
to as the Redevelopment
Law); and WHEREAS, the Agency has been duly created, established and
authorized to transact business and exercise its powers under and pursuant to the Redevelopment
Law; and WHEREAS, the City is the owner of two parcels of real property generally
located on the east side of North Olive Street south of Maple Avenue, which are being used as
parking lots for members of the general public (herein referred to collectively as the Property).
The Property is depicted on the map attached hereto as Exhibit B and more particularly
described on Exhibit A, attached hereto and incorporated herein by this
reference; and WHEREAS, as authorized by Section 37350 of the Government Code of the
State of California, the City Council has heretofore found and determined that the sale of the
Property to the Agency is for the common benefit of the
City; and WHEREAS, the Property is located within the boundaries of the Orange
Merged and Amended Redevelopment Project Area (the Redevelopment Project
Area), which Redevelopment Project Area was duly established by the City Council of the City of
Orange on November 27, 2001 by Ordinance No. 21-01, pursuant to the
Redevelopment Law; and WHEREAS, Section 33391 of the Law authorizes the Agency to
acquire for purposes of redevelopment any real or
personal property; and WHEREAS, the Agency proposes to acquire the Property from the
City pursuant to the terms and provisions of a Purchase and Sale Agreement in the form
presented at this meeting (the Agency
Purchase Agreement); and WHEREAS, pursuant to the requirement of Section 65402 of the
Government Code of the State of California, the Director of Community Development has reported
that acquisition of the Property conformswith the City's
WHEREAS, the Property has been appraised as having a fair market value of
1,600,000.00 and the purchase price set forth in the Agency Purchase Agreement is in
accordance with said appraisal; and
WHEREAS, the Agency Purchase Agreement by and between the City and the Agency
has been prepared and submitted, providing for the conveyance of the Property by the City to
the Agency for the purchase price and upon the terms stated therein; and
WHEREAS, the Board of Directors of
the Agency, along with the City Council, has duly considered all of the terms and conditions of
the Agency Purchase Agreement, as set forth in the agenda report presented to it and any
testimony received at the meeting at which this matter was considered, and believes that the
acquisition of the Property is in the best interests of the City and the health, safety, morals and
welfare of its residents, and in accord with the public purposes and provisions of applicable
State and local law requirements, and that such activities promote the objectives of the
Redevelopment Law as well as the Redevelopment Plan for the Redevelopment Project Area.
NOW, THEREFORE, the Board of Directors of the Orange Redevelopment Agency
the Agency Board) resolves, on the basis of the facts set forth in the agenda report presented
to it and any testimony received at the meeting at which this matter was considered, as
follows:
1. The foregoing recitals are true and correct.
2. The Agency Board hereby approves the acquisition by the Agency from the
City for redevelopment purposes of the fee simple estate in and to the Property, subject to
easements, covenants, rights and rights-of--way of record, for the sumof $1,600,000.
00 in accordance with the terms and provisions of the Agency Purchase
Agreement. Accordingly,the Agency Board hereby finds and determines that the terms and provisions of
the Agency Purchase Agreement between the Agency and the City with respect to the acquisition
of the Property, in the form as submitted by the Executive Director,
are approved.3. The Chairman is hereby authorized and directed to execute on behalf
of the Agency the Agency Purchase Agreement, together with any and all documents
necessary and appropriate to carry out and implement the Agency Purchase Agreement and
to administer the Agency's obligations, responsibilities and duties to be performed
thereunder, including the acceptance in the name and on behalf of the Agency of a grant deed conveying
to this Agency the above-described interest
in
ADOPTED this 8th day of June, 2010.
ATTEST:
Mar} €;. y, Agency Cle
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 8th day of June,
2010, by the following vote:
AYES: DIRECTORS: Smith, Murphy, Cavecche, Dumitru, Bilodeau
NOES: DIRECTORS: None
ABSENT: DIRECTORS: None
ABSTAIN: DIRECTORS: None
Mary E. ,Agency erk
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