HomeMy WebLinkAboutResolution No. 41RESOLUTION NO. 41
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA APPROVING AN APPRAISAL ON CERTAIN
FIXTURES AND EQUIPMENT PERTAINING TO REAL PRO-
PERTY IN THE AZUSA CENTRAL BUSINESS DISTRICT
REDEVELOPMENT PROJECT; ESTABLISHING AN AMOUNT TO
BE JUST COMPENSATION FOR THE ACQUISITION OF SAID
FIXTURES AND EQUIPMENT; AND AUTHORIZING THE
MAKING OF AN OFFER TO ACQUIRE SAID FIXTURES AND
EQUIPMENT
WHEREAS, this. Agency has authorized that an appraisal be obtained
on certain fixtures and equipment (the "Property") in the Azusa
Central Business District Redevelopment Project in the City of
Azusa located at 432 North San Gabriel Avenue; and
WHEREAS, the Agency authorized Howard Shelton (17291 Irvine
Boulevard, Tustin, California 92680) to obtain the appraisal of
the Property; and
WHEREAS, the appraisal has been made and an "Appraisal Report"
dated August 31, 1979, has been submitted to this Agency, which
report renders an opinion of fair market value for the Property.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
DOES HEREBY RESOLVE AS FOLLOWS:
.1: The Agency hereby approves the appraisal made by Howard
Shelton on the Property and hereby further approves the Appraisal
Report which contains said appraisal.
2. The"Agency, based upon the review of the appraisal by
and the -recommendation of the Agency staff, hereby establishes
the amount of $11,765.00 to be just compensation for the acquisi-
tion of the Property.
3. The Agency hereby authorizes the Executive Director of
the Agency •(or"his designee) to submit an offer to the owners of
the Property to purchase the Property in the amount hereby estab-
lished to'be.just compensation therefor.
PASSED, APPROVED AND ADOPTED THIS 5th DAY OF • November
1979.
ATTEST:
0
�SECVfAARY
I HEREBY CERTIFY that the foregoing resolution was duly adopted by
the Redevelopment Agency of the City of Azusa, at a regular meeting thereof,
held on the 5th day of November, 1979, by the following vote of the Agency:
AYES: DIRECTORS:
NOES: DIRECTORS:
ABSENT: DIRECTORS:
Decker, Fry, Cruz, Moses, Solem
None
None
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SE RETARY