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Resolution Number 91-6-4-314 RESOLUTION NO. 91-6-4-3 APPROVING OWNER PARTICIPATION AGREEMENT (SEASIDE RANCHOS I/DOLLEY) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, APPROVING AN OWNER PARTICIPATION AGREEMENT WITH SEASIDE RANCHOS I (SEASIDE RANCHOS/DOLLEY) WHEREAS, the Community Redevelopment Agency (the "Agency") of the City of San Juan Capistrano 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 proposes to enter into an Owner Participation Agreement (the "Agreement") with Seaside Ranchos I (the "Participant") toward the contribution by the Agency for certain Public Improvements associated with development of the Project Area (the "Site"), as described in the Agreement, in the San Juan Capistrano Redevelopment Project Area; and, WHEREAS, the Participant has submitted to this City copies of said proposed Agreement in a 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 the City Council of the City of San Juan Capistrano 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 Agreement provides for certain Public Improvement, which are a benefit to the project area and are essential to its redevelopment according to the Redevelopment Plan; the cost of which renders such improvements infeasible without the financial participation by the Agency; and, WHEREAS, the Agency has duly considered all terms and conditions of the proposed Agreement and believes that the redevelopment of the real property pursuant thereto is in the best interests of the City of San Juan Capistrano and the health, safety and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law and requirements; and, WHEREAS, a Negative Declaration for the Site Development proposed in the Agreement has been approved by the City of San Juan Capistrano Environmental Review Board on July 19, 1988, and no modifications to the proposed Site Development has been made which would require additional environmental review. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan Capistrano, California, as follows: The City Council to the proposed transaction, and overruled. has received and heard all oral and written objections Agreement and to other matters pertaining to this that all such oral and written objections are hereby -1- 2. The City Council hereby finds and determines that the public and common improvements to be financed in part by the Agency are a benefit to the Project Area and are essential to its development according to the Redevelopment Plan and that the costs to provide said improvements would be infeasible without the contribution by the Agency. 3. The Negative Declaration approved by the City's Environmental Board of Review on July 19, 1988, adequately considered all environmental impacts potentially caused by the proposed Site Development and there are no substantial changes in the proposed development which would alter the potential impacts caused by the proposed Site Development and there are no substantial changes in the proposed development which would alter the potential environmental impact of the project. 4. The Mayor of the City of San Juan Capistrano is hereby a,., prized to execute the Agreement on behalf of the City Council. A >v of the Agreement, when executed by the City Council, shall be place on file in the office of the City Clerk. 5. The Mayor of the City Council (or his designee) is hereby authorized, on behalf of the City Council, to sign all documents necessary and appropriate to carry out and implement the Agreement and to administer the City Council's obligations, responsibilities and duties to be performed under the Agreement, and related documents. PASSED, APPROVED, AND ADOPTED this of ,lune , 1991. ATTEST: 4th K NNETH E. FRIESS, MAYOR -2- day � J STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF SAN JUAN CAPISTRANO ) 1, 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. 91-6-4-3 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 4th day of June , 1991, by the following vote: AYES: Councilmen Jones, Hausdorfer, Buchheim, Vasquez and Mayor Friess NOES: None ABSTAIN: None ABSENT: None (SEAL) 2212�(In CHERYL JQMNS08N, CITY CLERK -3-