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Resolution Number 88-12-6-33%,63., RESOLUTION NO. 88-12-6-3 APPROVING OWNER PARTICIPATION AGREEMENT - STROSCHER RANCH PROPERTIES A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, APPROVING AN OWNER PARTICIPATION AGREEMENT WITH STROSCHER RANCH PROPERTIES 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, in order to carry out and implement such Redevelopment Plan the Agency proposes to enter into the attached Owner Participation Agreement (the "Agreement") with Stroscher Ranch Properties (the "Participant") toward the contribution by the Agency for certain Public Improvements to be built 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 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 this City Council 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 Improvements, which are a benefit to the project area and are essential to its development 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 May 19, 1987, and no 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 Juan Capistrano, as follows: 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 public and common improvements to be financed in part by the Agency are a -1- 3 64�; 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 May 19, 1987, adequately considered all environmental impacts potentially caused by the proposed Site Development as there are no substantial changes in the proposed development which would alter the potential caused by the proposed Site Development as there are no substantial changes in the proposed development which would alter the potential environmental impact of the project. 4. 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 6th day of December , 1988. GARY L HAUSDORFER, MAY ATTEST: CITY CLERf STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF SAN JUAN CAPISTRANO ) I, 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.88-12-6-3 adopted by the City Council of the City of San Juan Capistrano, California, ata regular meeting thereof held on the 6th day Of December , 1988, by the following vote: AYES: Councilmen Schwartze, Friess, Buchheim, and Mayor Hausdorfer NOES: None ABSENT: Councilman Bland (SEAL) MARY AN A OVER, CITY CLERK -2-