HomeMy WebLinkAboutResolution - 95-1 REDEVELOPMENT AGENCY
RESOLUTION NO. RDA 95-1
A RESOLUTION OF THE SAN JACINTO REDEVELOPMENT AGENCY
AUTHORIZING THE SALE OF REAL PROPERTY WITHIN THE SAN
JACINTO REDEVELOPMENT PROJECT AREA PURSUANT TO
DISPOSITION AND DEVELOPMENT AGREEMENT (DEVELOPER: FUN
PROPERTIES, A CALIFORNIA LIMITED LIABILITY CORPORATION.
WHEREAS, the San Jacinto Redevelopment Agency (the "Agency") wishes to
encourage the rehabilitation of land and buildings within its Project Area for the elimination
of blight. The encouragement of the construction of new commercial, retail and
entertainment uses within the Project Area will encourage and promote a more secure
financial climate within the Project Area, create job opportunities, secure attractive and
quality construction, and provide needed retail and entertainment opportunities to citizens
within the Project Area; and
WHEREAS, the San Jacinto Redevelopment Agency owns approximately 4.65 acres
of land described in Exhibit A, and now desires to convey 3.1 acres of said property (the
"Site") to Fun Properties Corporation (the "Developer") pursuant to the terms of a
Disposition and Development Agreement between the Agency and Developer, to provide
for the construction of a roller skating complex; and
WHEREAS, the proposed use of the Site, as contemplated in the Agreement, is
within the permitted uses and applicable zoning of the property and furthers the goals of
the Redevelopment Plan; and
WHEREAS, California Community Redevelopment law requires the preparation of
a report documenting and summarizing the reason, basis, terms and effects of the sale as
they may relate to the elimination of blight, for properties originally obtained with tax
increment monies, and for the approval by the City Council of San Jacinto; and
WHEREAS, the City Council of the City of San Jacinto has concurrently herewith
approved the conveyance by the Agency, pursuant to Section 33433 of the Health and
Safety Code; and
WHEREAS, a public hearing, duly published and noticed, was held on February 7,
1995, at which time evidence was received and objections, if any, considered:
NOW, THEREFORE, IT IS HEREBY RESOLVED by the San Jacinto Redevelopment
Agency as follows:
Section 1, The facts stated in the above recitals are found to be true and correct
and all proceedings herein have been conducted in accordance with applicable law and
procedure.
Section 2. The San Jacinto Redevelopment Agency does hereby approve the sale
of the within described property in accordance with the terms and conditions stated within
the Disposition and Development Agreement, which'is concurrently and hereby approved.
Section 3. The San Jacinto Redevelopment Agency hereby finds as true, the
content and representations of the Report, presented at the hearing by the Agency's staff.
In furtherance thereof, the Agency specifically makes the following findings:
a. The conveyance of the within described property as proposed
in the Disposition and Development Agreement, will assist in the
elimination of blight.
b. The consideration for the sale is not less than the fair market
value of the property at the use and with the covenants and
conditions and development costs authorized by the sale and
the Disposition and Development Agreement.
MOVED, PASSED AND ADOPTED this 7th day of February, 1995, upon the
following vote:
AYES: Agencyb Members Leahy, Oaks , Solorio and Williams
NOES: None
ABSTAIN: Hafliger
ABSENT: None I j
Agency Chairperso
ATTEST:
Agency Secretary
CERTIFICATION
The foregoing is certified to be a true copy of Resolution No. RDA du?y adopted by
said Redevelopment Agency of the City of San Jacinto on the date set forth therein.
Agency Secretary