Resolution Number 94-7-5-3RESOLUTION NO. 94-7-5-3
•.;� t a►lt :ut utut ►Y � � •� 1lM� :►I� t a'ut U!I
ut =►lt ul M 1Y, Yst ut': ►�_
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO. CALIFORNIA, APPROVING A SECOND AMENDMENT TO THE
DISPOSITION AND DEVELOPMENT AGREEMENT AND PROMISSORY NOTE WITH
THE PRICE COMPANY
WHEREAS, the San Juan Capistrano Community Redevelopment Agency (the "Agency") is engaged
in activities necessary to carry out and implement the Redevelopment Plan for the San Juan Capistrano Central
Redevelopment Project Area: and,
WHEREAS, in order to carry out and implement such Redevelopment Plan, the Agency proposed to
enter into the Amendment to the Disposition and Development Agreement (DDA) and Promissory Note with the Price
Company and where the Participant has submitted to the City copies of the said proposed Agreement in the form desired
by the Participant and.
WHEREAS, pursuant to the California Community Redevelopment law, California Health and Safety
Code Section 33000 et seq, the Agency and this Board of Directors held a joint public hearing on the Agreement having
duly published notice of such public hearing and made copies of the proposed Agreement available for public inspection
and comment; and,
' WHEREAS, the Agency has duly considered all terms and petitions of the proposed Agreement and
believes that the Agreement is in the best interest of the City of San Juan Capistrano and the health, safety and welfare of
it residents, and in accord with public purposes and provisions of the applicable estate and local taw and requirements;
and,
WHEREAS, the proposed Second Amendment was determined by the Planning Director to be
Categorically Exempt pursuant to California Environmental Quality Act Guidelines (CEQA), Class 5.
does as follows:
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Juan Capistrano,
The City Council has received and heard all oral and written objections to the proposed
Agreement and to other matters that pertain to this transaction, and that all such oral and
written objections are hereby overruled.
2. The City Council hereby finds and determines that the proposed Second Amendment to the
Disposition and Development Agreement and Promissory Note are a benefit to the Project
Area and are meeting the goals of the Redevelopment Plan.
3. The Amendment to the original Disposition and Development Agreement is hereby approved.
-1-
065
K.T.
4. The City Council hereby authorizes the City Clerk to deliver a copy of this resolution to the
Executive Director and Members of the Agency Board of Directors. A copy of the
Agreement, when executed by the Agency, shall be placed on file in the Office of the City
Clerk.
PASSED, APPROVED, AND ADOPTED this Sth day of July
1994.
WNWIN
III I woo a [WAN
.,,<OLLENjFXAMPBELI, MAYOR
-2-
067
STATE OF CALIFORNIA )
' COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, City Clerk of the City of San Juan Capistrano, California, DO HEREBY
CERTIFY that the foregoing is a true and correct copy of Resolution No. 94-7-5-3 adopted by the City
Council of the City of San Juan Capistrano. California, at a regular meeting thereofheld on the Sth day of
July 1994, by the following vote:
AYES: Council Members Jones, Nash and Mayor Campbell
NOES: Council Member Vasquez
ABSTAIN: None
ABSENT: Council Member Hausdorfer
(SEAL)
CHERYL JOHNS ,CI CLERK
CHECK LIST
ORD. NO. RES. NO.
Mayor has signed
Clerk has signed
i' City Seal stamped
All blanks typed. it
"Absent" f'`
"Noes"
"Abstain" '!�—
Copies sent topost Ord. dist.
file -iFoO,2o
m it Z certified
ass r.7
Legal Publication ordered to be published
(date)
No. Printed copies required
Remarks
-3-
,4�-3