HomeMy WebLinkAboutResolution No. 84RESOLUTION NO. 84
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING AND AUTHORIZING
EXECUTION OF OWNER PARTICIPATION AGREEMENT
BY AND BETWEEN THE REDEVELOPMENT AGENCY AND
AZUSA COMMERCIAL DEVELOPMENT
WHEREAS, the Redevelopment Agency of the City of Azusa
(the "Agency") has undertaken the implementation of a redeve-
lopment plan for the Azusa Central Business District Redevelop-
ment Project; and
WHEREAS, there has been presented to this Agency a proposed
owner participation agreement to effectuate the Redevelopment
Plan for the Azusa Central Business District Redevelopment Project
Area by providing for the development of a motel project located
at the northwest corner of First Street and Alameda Avenue,
within the Redevelopment Project Area.
NOW, THEREFORE, the Redevelopment Agency of the City of
Azusa does hereby resolve as follows:
Section 1. The Redevelopment Agency of the City of Azusa
hereby approves that certain agreement entitled "Owner
Participation Agreement" by and between the Redevelopment Agency
of the City of Azusa and Azusa Commercial Development, attached
hereto and incorporated herein as Attachment "A".
Section 2. The Chairperson of the Agency is hereby
directed said Owner Participation Agreement and
the Secretary of the Agency is directed to attest to the signa-
ture of the Chairperson and to affix to the Owner Participation
Agreement the seal of the Agency.
ADOPTED AND APPROVED the 1st day of March, 1982.
L L2e�
airmanf the Redevelopment
Agency of the City of Azusa
ATTEST:
Z��Z
Secreta':y
I hereby certify that the foregoing resolution was duly
adopted by the Redevelopment Agency of the City of Azusa at
a regular meeting held on the 1st day of March, 1982, by the
following vote of the Agency:
AYES - Directors: Decker, Fry, Cruz, Moses, Solem
NOES - Directors:
ABSENT -' Directors:
'Secr'tary
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