HomeMy WebLinkAboutResolution No. 2376 9
RESOLUTION NO. 237
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZIISA APPROVING A CERTIFICATE OF
COMPLIANCE FOR THE PROJECT APPROVED BY THAT
CERTAIN OWNER PARTICIPATION AGREEMENT BETWEEN
THE AGENCY AND MESSENGER/AZIISA INC. DATED
AUGUST 15, 1984
WHEREAS, on August 15, 1984 the Agency and Messenger/Azusa
Inc. entered into an Owner Participation Agreement for the
redevelopment of certain property located within the Central
Business District Redevelopment Project Area (hereinafter
"Agreement");
WHEREAS, Messenger/Azusa Inc. has completed Phase I of the
project described in said Agreement to the satisfaction of the
Agency and is entitled to a Certificate of Compliance for Phase I
of the project as set forth in said agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AS FOLLOWS:
SECTION 1. The Certificate of Compliance for the
redevelopment project between the Agency and Messenger/Azusa Inc.
as provided in the agreement between said parties dated August
15, 1984 is hereby approved for Phase I of said redevelopment
project and the Chairman of the Agency is hereby authorized to
execute said Certificate of Compliance on behalf of the Agency in
substantially the form as set forth in Exhibit "A" which is
attached hereto and incorporated herein by reference.
SECTION 2. The Secretary shall certify the adoption of
this Resolution.
PASSED, APPROVED AND ADOPTED this 6th day of January, 1986.
v
Eugen F. Moses
Chai an
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 6th
day of January, 1986, by the following vote of the Directors.
AYES: DIRECTORS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSEN DIRECTORS: N E
Adolph So
Secretary
CERTIFICATE OF COMPLIANCE FOR CONSTRUCTION AND DEVELOPMENT
WHEREAS, the Redevelopment Agency of the City of Azusa
(hereinafter "Agency") and Messenger/Azusa, a California
corporation ("Participant") entered into an Owner Participation
Agreement dated August 15, 1984 ("Agreement") by which the
Participant agreed to construct certain buildings and
improvements on the property described therein ("Property") and
the Agency agreed to construct certain public improvements off-
site;
WHEREAS, the Agreement provides that the Agency shall
furnish to the Participant a Certificate of Compliance upon
satisfactory completion by the Participant of the construction
and development required by the Agreement and upon the
Participant's full compliance with the terms of the agreement
with respect to such construction and development; and
WHEREAS, the Agency has conclusively determined that the
construction and development of the Property as required by the
Agreement has been satisfactorily completed by the Participant in
full compliance with the terms of the Agreement relating to the
construction and development of the Property.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA HEREBY FINDS AND DETERMINES AS FOLLOWS:
1. As provided in the Agreement, the Agency does hereby
certify that the construction and development on the Property as
described in the Agreement has been fully and satisfactorily
performed and completed in full compliance with the terms of the
Agreement; provided however, that the Agency, having granted
extensions for the entering into of a separate owner
participation agreement for "Phase II Future Development Area"
pursuant to Section (2) (b) of the Agreement, hereby reserves its
right to enforce the provisions of said Section (2) (b) of the
Agreement notwithstanding the satisfactory completion of the
construction and development of Phase I of the project.
2. Except as otherwise expressly provided in this
Certificate of Compliance, nothing contained in this instrument
shall modify in any other way any other provisions of the
Agreement.
IN WITNESS WHEREOF, the Agency has executed this
Ceritificate of Compliance this 6th day of January, 1986.
REDEVELOPMENT AGENCY
THE CITY OF AZUSA
By: L4 amQ ci-
Eug ire Fps
Charman