HomeMy WebLinkAboutResolution No. 301E
RESOLUTION NO. 301
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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 GLEN "E" CORPORA-
TION, A CALIFORNIA NONPROFIT CORPORATION"
DATED AS OF SEPTEMBER 15, 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 Redevelop-
ment 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 Central Business
District Redevelopment 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
Central Business District Redevelopment Plan
and to redevelop the site and the project area;
C. The proposed use is not specifically per-
mitted by the current zoning for the site,
although the use is consistent with the intent
of the Central Business District zone;
D. The use approved and regulated by this
agreement conforms to the Redevelopment Plan
for the site, which plan and use conform to
the City's General Plan, and, therefore, the
Agency desires to encourage said use in
accordance with the conditions imposed by
this agreement;
E. This agreement shall serve in lieu of the
City's zoning authorizations for the site pur-
suant to the requirements of the Azusa Municipal
Code in order to effectuate the purposes of the
Redevelopment Plan and the redevelopment of the
project area;
F. Although Lot 24 of the site of the proposed
project is not within the Central Business
District Redevelopment Project Area, the Agency
specifically finds that its inclusion within
the agreement is necessary for the effective
and proper implementation of the Redevelopment
Plan in that utilization of this lot is essen-
tial for the proper development of the site
for its intended use and to make the project
economically feasible.
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
Redevelopment Agency of the City of Azusa and Glen "E" Corpora-
tion, a California Nonprofit Corporation" dated as of
September 15, 1986, and hereby 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 15th day of
September , 1986.
i
I HEREBY CERTIFY that the foregoing Resolution was
duly adopted by the Board of Directors of the Azusa Redevelopment
Agency of the City of Azusa, at a regular meeting thereof held
on the 15th day of September , 1986.
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
AVILA, COOK, LATTA, MOSES
NONE
ABSENT: BOARD MEMBERS: CRUZ
S4tRETARY
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