HomeMy WebLinkAboutResolution No. 27RESOLUTION NO. 27
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA APPROVING AN OWNER PARTICIPATION
AGREEMENT BETWEEN McKEON CONSTRUCTION CORPORA-
TION, 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, McKeon Construction Corporation (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 Enviro nmental 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 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
previously 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 day of
September , 1979.
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,C$AIRMAN
ATTEST:
SECRETARY
I, Adolph A. Solis , Secretary to the Redevelopment Agency of
the City of Azusa, DO HEREBY CERTIFY that Resolution No. 27
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