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Resolution Number 92-10-6-4RESOLUTION NO. 92-10-6-4 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, APPROVING THE CANCELLATION OF THE DISPOSITION AND DEVELOPMENT AGREEMENT FOR CERTAIN PROPERTY WITHIN THE SAN JUAN CAPISTRANO CENTRAL REDEVELOPMENT PROJECT AREA TO RALPH A. FURRA WHEREAS, the Community Redevelopment Agency of the City of San Juan Capistrano (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, the Agency entered into a Disposition and Development Agreement (the "Agreement"), with Ralph A. Furra (the "Developer") for the sale of the premises (the "Premises") in the San Juan Capistrano Central Redevelopment Project Area, described in the Agreement as approximately 17,133 square feet commonly known as the Swallows Inn and Paisley Penguin with a mailing address of 31782-31786 Camino Capistrano; and, WHEREAS, the Developer was unable to purchase the Swallows Inn business and name as a precedent to closing and has submitted to the Agency a written request to have the Disposition and Development Agreement cancelled. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan Capistrano that the Disposition and Development Agreement with Ralph A. Furra, for the property located at 31782-86 Camino Capistrano is hereby cancelled. PASSED, APPROVED, AND ADOPTED this 6th day of October , 1992. ATTEST: CITY CLERK -1- 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. 92-10-6-4 adopted by the City Council of the City of San Juan Capistrano, Cali ornia, at a regular meeting thereof held on the 6th day of October , 1992, by the following vote: AYES: Councilmen Friess, Hausdorfer, Harris, Vasquez, and Mayor Jones NOES: None ABSTAIN: None ABSENT: None (SEAL) CHERYL JOHNSON, CATY CLERK -2-