Resolution Number CRA 86-12-16-2RESOLUTION NO. CRA 86-12-16-2 165
A RESOLUTION OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY APPROVING THE
SALE OF CERTAIN PROPERTIES WITHIN THE SAN JUAN
CAPISTRANO CENTRAL REDEVELOPMENT PROJECT AREA
TO THE PRICE COMPANY; APPROVING THE DISPOSITION
AND DEVELOPMENT AGREEMENT PERTAINING THERETO
(PRICE CLUB)
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 a Disposition and Development Agreement (the
"Agreement") with The Price Company (the "Developer") for the sale of the development
site (the "Site") for the development and operation of a Price Club and retail space, and
the necessary parking and landscaping by the Developer (all as described in the
Agreement) in the San Juan Capistrano Central Redevelopment Project Area; and,
WHEREAS, the Developer has submitted to this Agency copies of said proposed
Agreement in a form desired by the Developer; and,
WHEREAS, pursuant to the California Community Redevelopment Law
(California Health and Safety Code, Section 33000 et seq.) this Agency held a public
hearing on the Agreement and the proposed sale of the Site, 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,
morals and welfare of its residents, and in accord with the public purposes and provisions
of applicable State and local law and requirements.
NOW, THEREFORE, BE IT RESOLVED, by the San Juan Capistrano
Community Redevelopment Agency as follows:
The Agency recognizes that it has received and heard all oral and written
objections to the proposed Agreement, and to the proposed sale of the
Site and to other matters pertaining to this transaction, and that all such
oral and written objections are hereby overruled.
2. The Agency hereby finds and determines that the consideration to be
paid by the Developer for the purchase of the Site is not less than fair
market value in accordance with the covenants and conditions governing
such sale. The Agency hereby further finds and determines that all
consideration to be paid under the proposed Agreement is in an amount
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necessary to effectuate the purposes of the Redevelopment Plan for the
San Juan Capistrano Central Redevelopment Project.
3. The sale of the Site and the proposed Agreement which establishes the
terms and conditions therefor, are hereby approved.
4. The Chairman of the Agency is hereby authorized to execute the
Agreement on behalf of the Agency. A copy of the Agreement when —
executed by the Agency shall be placed on file in the office of the
Secretary of the Agency.
5. The Executive Director of the Agency (or his designee), is hereby
authorized, on behalf of the Agency, to sign all documents necessary and
appropriate to carry out and implement the Agreement and to administer
the Agency's obligations, responsibilities and duties to be performed
under the Agreement, and related documents.
PASSED, APPROVED, AND ADOPTED this 16th day
of December . 1986.
R L. HAUSDORFER, CHAIIjI�MAN
AN�
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, MARY ANN HANOVER, Secretary of the San Juan Capistrano Community
Redevelopment Agency, DO HEREBY CERTIFY that the foregoing is a true and correct
copy of Resolution No. CRA 86-12-16-2 adopted by the Board of Directors of the
San Juan Capistrano Community Redevelopment Agency, at a regular meeting thereof
held on the 16th day of December , 1986, by the following vote:
AYES: Directors Bland, Friess, Schwartze and
Chairman Hausdorfer
NOES: None
ABSENT: Director Buchheim
(SEAL) C
MARY N ANOVER,
AGENCYSECRETARY
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16'7
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
MARY ANN HANOVER, being first duly sworn, deposes and says:
That she is the duly appointed and qualified Secretary of the San Juan
Capistrano Community redevelopment Agency;
That in compliance with State laws of the State of California and in further
compliance with City Resolution No. CRA 83-12-20-1 and on the 18th day
of December , 1986, she caused to be posted:
RESOLUTION NO. CRA 86-12-16-2 , being:
TIES AND
A RESOLUTION OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY APPROVING THE
SALE OF CERTAIN PROPERTIES WITHIN THE SAN JUAN
CAPISTRANO CENTRAL REDEVELOPMENT PROJECT AREA
TO THE PRICE COMPANY; APPROVING THE DISPOSITION
AND DEVELOPMENT AGREEMENT PERTAINING THERETO
(PRICE CLUB)
in three (3) public places in the City of San Juan Capistrano, to wit: City Hall; Old Fire
Station Recreation Complex; Orange County Public Library.
'MARY ANN/ffA-NOVER,Secretar
Y
San Juan C istrano Community
Redevelopment Agency
CHECK LIST
RES. NO. CRA
✓ Chairman has signed
i Secretary has signed
/ Agency Seal stamped
All blanks typed in
"Absent" A6
"Noes" 4p'
"Abstain"
Copies sent to post
file,��2D
mail certified
sog�
4fw it O w
Legal Publication ordered to be publish
(date)
No. Printed copies required L _
Remarks
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