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HomeMy WebLinkAboutResolution No. 322RESOLUTION NO 322 0 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING A LEASE AGREEMENT WITH RAPHAEL GENECE FOR PROPERTY LOCATED AT 116-118 N. AZUSA AVE., AZUSA. THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES RESOLVE AS FOLLOWS: SECTION 1. This Resolution and approval of the Lease described herein is made with respect to the following findings of fact by the Board of Directors: A. The Agency initiated eminent domain proceedings against James Aszman for the acquisition of the subject property located at 116-118 N. Azusa Ave., Azusa; B. The Court has ordered possession of the sub- ject property transferred to the Agency; C. This lease is necessary to enable the lessee to remain on the subject property until relocation proceedings can be completed; and D. The rent set forth in the Lease is fair market value for rent of this type in the area. SECTION 2. The Board of Directors of the Redevelopment Agency of the City of Azusa hereby approves that certain "Lease Agreement" by and between the Agency and Raphael Genece dated as of December 31, 1986 and authorizes the Chairman to execute the Lease in substantially the form as attached hereto as Exhibit "A." SECTION 3. The Secretary shall certify adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 5th day of January , 1987. 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 5th day of January 1987. AYES: BOARD MEMBERS: AVILA, COOK, CRUZ, LATTA, MOSES NOES: BOARD MEMBERS: NONE ABSENT: BOARD MEMBERS: NONE 1 ECRE R