HomeMy WebLinkAboutResolution No. 29RESOLUTION NO. 29 .
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA APPROVING AN OWNER PARTICIPATION
AGREEMENT BETWEEN LESNY DEVELOPMENT COMPANY
d/b/a SIERRA PROPERTIES, PARTICIPANT, AND THE
AGENCY
WHEREAS, the Redevelopment Agency of the City of Azusa (the "Agency")
is engaged in activities to implement the Redevelopment Plan (the "Plan") for
the Azusa Central Business District Redevelopment Project (the "Project");
and
WHEREAS, Lesny Development Company d/b/a Sierra Properties
(the "Participant") is the owner of certain real property (the "Site") in the
Project area, and desires to develop the Site with residential condominium
units and to participate in the Agency's Residential Mortgage Loan Program
undertaken pursuant to Section 33750 of the Health and Safety Code; and
WHEREAS, the Participant and the Agency desire to enter into an
Owner Participation Agreement, providing for the, development of the Site
pursuant to the Redevelopment Plan and for the making of long term low -.interest
loans through qualified mortgage lenders to finance such residential development;
and
WHEREAS, the Agency has reviewed and considered an Initial Study of the
environmental .impact of the proposed Agreement, the Final Environmental
Impact Report for the Plan, and the Final Subsequent Environmental Impact
Report prepared in connection with the First Amendment to the Plan;
NOW, THEREFORE, be .it resolved by the Redevelopment Agency of the
City of Azusa as follows:
1. The Agency hereby finds and determines that:
(a) Neither the approval nor, the implementation of the
proposed Agreement will cause substantial changes in
�+ the Redevelopment Project, or with respect to the cir-
cumstances under which the Project .is to be undertaken,
which will require .major revisions .in the Environmental
Impact Reports previously adopted for the Project due
to the involvement of new environmental impacts not
covered .in said previous Envirmmental Impact Reports;
(b) The proposed action will have no significant effect on
the environemtn, except as identified and considered in
the previous Environmental Impact Reports; and
(c) The Initial Study is approved and no Subsequent Environ-
mental Impact Report or Supplement to an Environmental
Impact Report .is necessary or required.
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2. The Agency hereby finds that the proposed Agreement contains
all the provisions required by law.
3. The Agency hereby approves the Agreement, and authorizes
the execution by the Chairman of said Agreement and all other documents
necessary to carry out the Agreement.
PASSED, APPROVED AND ADOPTED this 4th day of September ,
1979.
ATTEST:
4 6 /�1r1Z)
SECRETARY
I, Adolph A. Solis, Secretary to the Redevelopment Agency of the City of Azusa,
DO HEREBY CERTIFY that Resolution No. 29 was duly adopted at a regular
meeting thereof held on the 4th day of September, 1979, by the following vote,
to wit:
AYES: Directors: Decker, Fry, Moses, Solem
NOES: Directors: Cruz
ABSENT: Directors: None
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