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Resolution Number 88-10-4-2283 RESOLUTION NO. 88-10-4-2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, APPROVING THE OWNER PARTICIPATION AGREEMENT BETWEEN THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY AND STROSCHER PROPERTIES AND SIZZLER FAMILY STEAK HOUSES OF WEST COVINA, INC. 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 proposes to enter into an Owner Participation Agreement, made a part hereof by reference, (the "Agreement") with Stroscher Properties and Sizzler Family Steak Houses of West Covina, Inc., (the "Participant") for public improvements, archaeological investigations, site modifications, and related expenses on the site (the "Site") as described in the Agreement in the San Juan Capistrano Central Redevelopment Project Area; and, WHEREAS, the Participant has submitted to the Agency copies of said proposed Agreement in a form desired by Participant; and, WHEREAS, pursuant to the California Community Redevelopment Law (California Health and Safety Code, Section 33000 et seq.) the Agency and this City Council held a 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 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 April 7, 1987, and no substantive modifications to the proposed Site Development have been made which would require additional environmental review. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan Capistrano, as follows: 1. The City Council has received and heard all oral and written objections to the proposed Agreement, and to other matters pertaining to this transaction, and that all such oral and written objections are hereby overruled. 2. The City Council hereby finds and determines that the consideration to be paid to the Participant under the Agreement is in an amount -i- necessary to effectuate the purposes of the Redevelopment Plan for the San Juan Capistrano Central Redevelopment Project. 3. The Negative Declaration approved on April 7, 1987, 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 environmental impact of the project. 4. The proposed Agreement, which establishes the terms and conditions therefor, is hereby approved. 5. The City Council hereby authorizes the City Clerk to deliver a copy of this resolution to the Executive Director and members of the Agency. 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 of October , 1988. ATTEST: 4th AR L. AUSDORFER, M YOR CITY CLEF K STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF SAN JUAN CAPISTRANO ) day 1, MARY ANN HANOVER, 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. 88-10-4-2 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 4th day of October , 1988, by the following vote: AYES: Councilmen Schwartze, Friess, Buchheim, Bland, and Mayor Hausdorfer NOES: None ABSENT: None (SEAL) MARY A H NO R, CITY CLERK -2-