HomeMy WebLinkAboutResolution No. 384RESOLUTION NO. 384
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING AN AMENDMENT TO THAT CERTAIN
AGREEMENT ENTITLED "OWNER -PARTICIPATION
AGREEMENT BY AND BETWEEN THE AZUSA
REDEVELOPMENT AGENCY AND THE COUNTY OF LOS
ANGELES"
The Board of Directors of the Redevelopment Agency of the
City of Azusa resolves as follows:
SECTION 1. On January 19, 1987 the Board of Directors
adopted Resolution No. 326 approving an Owner Participation
Agreement between the Azusa Redevelopment Agency and the County
of Los Angeles . The Agency has subsequently negotiated one
minor amendment to the approved Agreement and this change is
incorporated into the amended Agreement attached hereto as
Exhibit "A".
SECTION 2. The Board of Directors of the Redevelopment
Agency of the City of Azusa hereby finds that the "Amended Owner -
Participation Agreement by and between the Azusa Redevelopment
Agency and the County of Los Angeles" will contribute to the
accomplishment of the Agency's goals in the Central Business
District Redevelopment Project Area and the goal of redeveloping
the Site and hereby incorporates by reference the change set
forth in Exhibit 3, Schedule of Performance of the Agreement
which is attached hereto.
SECTION 3. 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 Azusa Redevelopment Agency and the County of Los Angeles" and
authorizes the Chairman of the Board of Directors to execute
said amended Agreement on behalf of the Agency in substantially
the form as attached hereto as Exhibit "A".
SECTION 4. The Secretary shall certify the adoption of
this Resolution and shall cause the Agreement to be recorded
promptly upon its execution by all parties thereto.
PASSED, APPROVED AND ADOPTED this 20th day of July, 1987.
L
Eugene Moses, Chairman
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 20th day of July, 1987
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSENT• BOARD MEMBERS:
J 11,71
Acfolph Stlis, Sebretary
AVILA, COOK, LATTA, MOSES
NONE
CRUZ