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RES-ORA-0515 Acquisition of City-Owned Parking LotsRESOLUTION NO.ORA- 0515 A RESOLUTION OF THE ORANGE REDEVELOPMENT AGENCY APPROVING THE ACQUISITION FROM THE CITY OF ORANGE OF CITY-OWNED PARKING LOTS GENERALLY LOCATED ON THE WEST SIDE OF NORTH ORANGE 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 west side of North Orange 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 conforms with the City's WHEREAS, the Property has been appraised as having a fair market value of 2,140,000.00 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 sum of $2,140,000. 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: Mary E. rphy, Agency Cler 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 Cler