HomeMy WebLinkAboutResolution No. 249RESOLUTION NO. 249
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING A LICENSE AGREEMENT WITH ROGERS
TOYOTA, INC., FOR USE OF CERTAIN PROPERTY
LOCATED AT THE SOUTHWEST CORNER OF THE
FOOTHILL FREEWAY AND AZUSA AVENUE
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 hereby finds and
determines as follows:
A. The Agency is currently negotiating with
Rogers Toyota, Inc., for a disposition and
development agreement at the property located
at the southwest corner of the Foothill
Freeway and Azusa Avenue for development as a
franchise new automobile sales and service
complex;
B. The Agency is in escrow to acquire said
property;
C. During the negotiations with Rogers for
the disposition and development agreement, the
property has no value to the Agency and cannot
be successfully marketed for lease to the
general public;
D. The license agreement approved by this
Resolution is necessary for the implementation
of the Central Business District Redevelopment
Plan in that it brings employment and:.business
opportunities to the project area.
SECTION 2. The Board of Directors of the
Redevelopment Agency of the City of Azusa hereby approves
that certain agreement entitled "License Agreement for Real
Property Between the Redevelopment Agency of the City of
Azusa and Rogers Toyota, Inc.," dated as of February 18,
1986, and hereby 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 18th day
of Februarv, 1986.
j�ICHAIRMAN
PMT/RES285
0
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 18th day of February 1986, by the
following vote of the Board:
AYES: BOARD MEMBERS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: NONE
-2-
PMT/RES285