HomeMy WebLinkAboutResolution No. 272• 0
RESOLUTION NO. 272
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING THAT CERTAIN AGREEMENT ENTITLED
"OWNER -PARTICIPATION AGREEMENT BY AND BETWEEN
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AND AEROJET GENERAL CORPORATION, AN OHIO
CORPORATION, ACTING THROUGH ITS AEROJET ELECTRO -
SYSTEMS COMPANY" DATED AS OF JUNE 2, 1986.
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Board of Directors of the Redevelopment
Agency of the City of Azusa does hereby find, determine and declare
that:
A. The City of Azusa and the Redevelopment
Agency of the City of Azusa have adopted a
Redevelopment Plan for the West End Redevelop-
ment Project Area by which the City and the
Agency seek to redevelop the project area;
B. The Agreement approved by this Resolution
is necessary to effectuate and implement the
Redevelopment Plan and redevelop the project
area.
SECTION 2. The Board of Directors of the Redevelopment
Agency of the City of Azusa hereby approves that certain agreement
entitled "Owner -Participation Agreement By and Between the Redevelop-
ment Agency of the City of Azusa and Aerojet General Corporation, an
Ohio Corporation, Acting Through Its Aerojet Electro Systems Company"
dated as of June 2, 1986, and authorizes the Chairman to execute
said Agreement on behalf of the Agency in substantially the form
as is 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.
s
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
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
d/V � i -lilt.
SVCRETARY