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Resolution Number CRA 88-10-4-1253 RESOLUTION NO. CRA 88-10-4-1 APPROVING OWNER PARTICIPATION AGREEMENT - STROSCHER PROPERTIES AND SIZZLER STEAK HOUSES A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, 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 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 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 the 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 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 Site 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 San Juan Capistrano Community Redevelopment Agency, City of San Juan Capistrano, California, as follows: 1. The Agency 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 Agency hereby further finds and determines that all consideration to be paid under the Agreement is in an amount necessary to effectuate the purposes of the Redevelopment Plan for the San Juan Capistrano Central Redevelopment Project. -I- 254 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 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. 6. 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 4th day of October , 1988. ATTEST: AGENCY 5 ;RETARY KENNETH E. FRI SS, CHAIRMAN -2- z55 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 88-10-4-1 adopted by the Board of Directors of the San Juan Capistrano Community Redevelopment Agency, at a regular meeting thereof held on the 4th day of October ,-1988, by the following vote: AYES: Directors Hausdorfer, Schwartze, Buchheim, Bland, and Chairman Friess NOES: None ABSENT: None (SEAL) MARY ANN VER, AGENCY SECRETARY -3- 256 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 6th day of October , 1988, she caused to be posted: RESOLUTION NO. CRA 88-10-4-1 , being: A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, 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. 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. A Y AN AN OVER, Secretary CHECK LIST San Juan apistrano Community _' Redevelopment Agency RHS. NO. CRA-91f�ID' Chairman has signed Secretary has signed Agency Seal stamped All blanks typed in "Absent" "Noes" "Abstain" Copies sent to post file p . mail certified r• /6 Legal Publication ordered to be published (date) No. Printed copies required /o Remarks -4-