HomeMy WebLinkAboutResolution No. 326RESOLUTION NO. 326
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING AN OWNER PARTICIPATION AGREEMENT
BETWEEN THE AGENCY AND THE COUNTY OF LOS
ANGELES RELATING TO PROPERTY AT 601 EAST
EIGHTH STREET, AZUSA
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Board of Directors of the Redevelopment
Agency of the City of Azusa hereby find and determine as follows:
A. The Agency and the County of Los Angeles desire to
enter into an Owner Participation Agreement for the subject
property at 601 East Eighth Street, Azusa, whereby the
Agency will assist the County by installing and constructing
certain public improvements; and
B. The project and the Agency's participation will help
eliminate blight and contribute to the accomplishment of the
goals of the Redevelopment Plan for the Central Business
District Redevelopment Project Area; and
C. The project and the Agency's participation in it will
also assist in providing adequate low and moderate income
housing for the City.
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 the County of
Los Angeles" 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. A Negative Declaration of Environmental
impact for the Project was approved by City Council Resolution
No. 8076 on July 21, 1986. No new information about the project
or the potential environmental impacts has come to light nor have
there been any significant changes in the project from the time
of its approval to the time of approval of this Agreement. This
Agreement simply provides a financing plan for construction of
certain public improvements for the project. Therefore, as a
responsible agency the Board of Directors finds that there is no
substantial evidence from which it can be fairly argued that this
Agreement will have a significant adverse effect on the
environment.
SECTION 4. The Secretary shall certify the adoption of
this resolution.
PASSED, APPROVED AND ADOPTED this 19th day of January ,
1987:.
ChairIf
n
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 19th day of January , 1987.
AYES: BOARD MEMBERS: AVILA, COOK, CRUZ, LATTA, MOSES
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: NONE
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Secreta