HomeMy WebLinkAboutResolution No. 244RESOLUTION NO. 244-
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING AN EXCLUSIVE
NEGOTIATING AGREEMENT BETWEEN THE AGENCY AND
RELIABLE PROPERTIES, INC. FOR CERTAIN
PROPERTY LOCATED WITH THE CENTRAL BUSINESS
DISTRICT REDEVELOPMENT PROJECT AREA
WHEREAS, the Agency is authorized by the Community
Redevelopment law and other applicable law to enter into
redevelopment projects in order to best accomplish the purposes
and goals of the redevelopment plans for various project areas;
WHEREAS, the Agency desires to redevelop the property set
forth in the agreement attached hereto as Exhibit "A" in order to
best accomplish the goals and purposes of the Redevelopment Plan
of the Central Business District Redevelopment Project Area and
Developer Reliable Properties, Inc. desires to redevelop said
property;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AS FOLLOWS:
SECTION I. That Certain exclusive negotiating agreement
by and between the Redevelopment Agency of the City of Azusa and
Reliable Properties, Inc., dated as February 3, 1986 is hereby
approved and the Chairman of the Agency is hereby authorized to
sign and execute said agreement on behalf of the Agency in
substantially the form as set forth in Exhibit "A" attached
hereto and incorporated herein by reference.
SECTION 2. The Secretary shall certify the adoption of
this Resolution.
PASSED, APPROVED AND ADOPTED this 3rd day of February
1986.
Cha '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 3rd
day of February , 1986, by the following vote of the Directors.
AYES: DIRECTORS: CAMARENA, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: COOK
ABSTAIN: DIRECTORS: CRUZ
Secre ary r—