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1 <br /> <br /> 2 <br /> <br /> 3 <br /> <br /> 4 <br /> <br /> 5 <br /> <br /> 6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br /> 10 <br /> <br /> 11 <br /> <br /> 12 <br /> <br /> 13 <br /> <br /> 14 <br /> <br /> 15 <br /> <br /> 16 <br /> <br /> 17 <br /> <br /> 181 <br /> 19iI <br /> <br />20 <br /> <br />21 <br /> <br />22 <br /> <br />23 <br /> <br />24 <br /> <br />25 <br /> <br />26 <br /> <br />27 <br /> <br />28 <br /> <br />RESOLUTION NO. 16716 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />RIVERSIDE, CALIFORNIA APPROVING THE SALE OF REAL <br />PROPERTY IN THE AIRPORT INDUSTRIAL REDEVELOPMENT <br />PROJECT AREA TO ROHR INDUSTRIES, INC. AND APPROVING <br />THE OWNER PARTICIPATION AGREEMENT (OPA) PERTAINING <br />THERETO; AND MAKING CERTAIN FINDINGS WITH RESPECT TO <br />SUCH SALE <br /> <br /> WHEREAS, the Redevelopment Agency of the City of Riverside (the <br />"Agency") is engaged in activities necessary to carry out and <br />implement the Redevelopment Plan for the Airport Industrial <br />Redevelopment Project; and <br /> <br /> WHEREAS, in order to carry out and implement such Redevelopment <br />Plan the Agency proposes to enter into that certain Owner <br />Participation Agreement (OPA) (the "Agreement") with Rohr Industries, <br />Inc. (the "Developer") for the sale and development of real property <br />in the Project area; and <br /> <br /> WHEREAS, pursuant to such Agreement the Agency proposes to sell <br />certain property as described in said Agreement to the Developer; and <br /> <br /> WHEREAS, the Developer has executed and submitted to the Agency <br />copies of said proposed Agreement in a form desired by the Developer, <br />and Agency; and <br /> <br /> WHEREAS, pursuant to the California Community Redevelopment Law <br />(California Health and Safety Code, Section 33000 et seq.) the City <br />Council and Agency held a Joint public hearing on the proposed sale of <br />such real property pursuant to such Agreement; having duly published <br />notice of such public hearing and made copies of the proposed <br />Agreement, and other reports and documents (including the summary <br />provided for in Section 33433) available for public inspection and <br />comment; and <br /> <br /> WHEREAS, the City Council has duly considered all terms and <br /> <br />mm <br /> <br /> <br />