HomeMy WebLinkAboutResolution No. 274RESOLUTION NO. 2
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING THAT CERTAIN AGREEMENT ENTITLED
"ASSIGNMENT AND ASSUMPTION OF 'DISPOSITION
AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AND ROGERS TOYOTA, INC."
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY
OF THE CITY OF AZUSA DOES RESOLVE AS FOLLOWS:
SECTION 1. The Board of Directors of the Redevelopment
Agency of the City of Azusa finds, determines and declares that:
A. On April 21, 1986, the Agency approved
"Disposition and Development Agreement By
and Between the Redevelopment Agency of the
City of Azusa and Rogers Toyota, Inc.";
B. Rogers Toyota, Inc., now wishes to change
the legal form of the party purchasing property
from the Agency to "Clifton M. Rogers and
Lillie Mae Rogers, husband and wife";
C. Sections 107 and 316 of the Disposition
and Development Agreement require the Agency
to approve any assignment of the Agreement;
D. The proposed assignment will not adversely
affect the ability of the Agency to carry out
the°Redevelopment Plan or tha Disposition and
Development Agreement because Clifton M. Rogers
is the President of Rogers Toyota, Inc., and
the assignment is simply a change in form
of ownership.
SECTION 2. The Board of Directors of the Redevelopment
Agency of the City of Azusa hereby approves that certain agree-
ment entitled "Assignment and Assumption of 'Disposition and
Development Agreement By and Between the Redevelopment Agency
of the City of Azusa and Rogers Toyota, Inc.'" dated as of
June 2, 1986, and authorizes the Chairman to execute said
Agreement on behalf of the Agency in substantially the form
attached hereto as Exhibit "A."
SECTION 3. The Secretary shall certify the adoption
of this Resolution.
PASSED, APPROVED AND ADOPTED this 2nd day of
June , 1986.
I HEREBY CERTIFY that the foregoing Resolution was
duly adopted by the Board of Directors of the Redevelopment
0 0
Agency of the City of Azusa, at a regular meeting thereof,
held on the 2nd day of June 1986, by the following
vote of the Directors.
AYES: BOARD MEMBERS AVILA, COOK, CRUZ, LATTA, MOSES
NOES: BOARD MEMBERS NONE
ABSENT: BOARD MEMBERS NONE
AW YL.
IV
cretary
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