HomeMy WebLinkAboutResolution No. 280
RESOLUTION NO. 28
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF. AZUSA APPROVING AN OWNER PARTICIPATION
AGREEMENT BETWEEN LESNEY DEVELOPMENT COMPANY
d/b/a AZUSA 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 Azusa 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'w.ith 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 cf the proposed
Agreement will cause substantial changes .in the Redevelop-
ment Project, or with respect to the circumstances under
which the Project .is to be undertaken, which will require
major revisions .in the Environmental Impact Reports pre-
viously adopted for the Project due to the involvement of new
environmental impacts not covered .in said previous
Environmental Impact Reports;
(b) The proposed action will have no significant effect on the
environment;. except as .identified and considered .in the
previous Environmental Impact Reports; and
(c) The Initial Study is approved and no Subsequent Environmental
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
1979.
/CHAIRMA
ATTEST:
i
Secr tart'
day of September
I, Adolph A. Solis , Secretary to the Redevelopment Agency.) of
the City of Azusa, DO HEREBY CERTIFY that Resolution No. 28
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
Secretary