HomeMy WebLinkAboutResolution No. 1820 0
RESOLUTION NO. 182
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVEOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING THAT CERTAIN AGREEMENT ENTITLED
"AGREEMENT FOR ALLOCATION AND DISTRIBUTION OF
TAX INCREMENT FUNDS RELATING TO THE FIFTH
AMENDMENT OF THE REDEVELOPMENT PLAN FOR THE
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT
PROJECT"
WHEREAS, on December 17, 1984, the City duly
adopted Ordinance 2250 approving and adopting the Fifth
Amendment to the Redevelopment plan for the Azusa Central
Business District Redevelopment Project ("Redevelopment Plan
Amendment"); and
WHEREAS, said amendment is a legally adopted and
validly existing amendment to said Redevelopment Plan;
and
WHEREAS, the Agency consulted with representatives
of the Azusa Unified School District to determine the fiscal
impact of the Redevelopment Plan Amendment and the anticipated
allocation of tax increment monies to implement the Redevelop-
ment Plan Amendment; and
WHEREAS, this Agreement is entered into upon the
authority of Health and Safety Code Section 33401 and other
applicable law and provisions of the Redevelopment Plan
Amendment as required by Health and Safety Code Section
33338.1; and
WHEREAS, by approval of this Agreement, the Agency
and the District hereby find and determine that this Agree-
ment is necessary and appropriate to alleviate any financial
burden or detriment described in Health and Safety Code
Section 33401 which may exist as a result of this Redevelop-
ment Plan Amendment;
NOW, THEREFORE, BE IT RESOLVED BY THE REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA AS FOLLOWS:
Section 1. The Board of Directors hereby approves
that certain Agreement entitled "Agreement for Allocation
and Distribution of Tax Increment Fund Relating to the Fifth
Amendment to the Redevelopment Plan for the Azusa Central
Business District Redevelopment Project" and authorizes the
Chairman to sign said Agreement in substantially the form as
is attached hereto as Exhibit "A".
Section 2. The Secretary shall certify the
adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 19th day of
February . 1985.
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I HEREBY CERTIFY that the foregoing Resolution was
duly adopted by the Board of Directors of the Redevelopment
Agency of the City of Azusa, at a regular meeting thereof,
held on the 19th day of February 1985, by the follow-
ing vote of the Directors.
AYES: DIRECTORS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: DIRECTORS: NONE
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