HomeMy WebLinkAboutResolution No. 3530 0
RESOLUTION NO. 353
A RESOLUTION OF THE BO
REDEVELOPMENT AGENCY OF
APPROVING THAT CERTAIN
"OWNER PARTICIPATION AG
THE REDEVELOPMENT AGENCY
AND GROSS AND GROSS,
ARD OF DIRECTORS OF THE
THE CITY OF AZIISA
AGREEMENT ENTITLED
REEMENT BY AND BETWEEN
OF THE CITY OF AZIISA
A JOINT VENTURE"
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA HEREBY RESOLVES AS FOLLOWS:
SECTION 1. The Board of Directors of the Redevelopment
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 West
End 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 West End Redevelopment Plan
and to redevelop the Site and the Project Area;
C. The use approved and regulated by this Agreement
conforms to the Redevelopment Plan for the Site which plan
the Agency desires to encourage said use in accordance with
the conditions imposed by this Agreement.
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 Gross and
Gross, a Joint Venture" dated as of 4/20/87 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
1987.
Cha man
20th day of April
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 loth day of April 1987,
AYES: BOARD MEMBERS: AVILA, COOK, CRUZ, LATTA, MOSES
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: NONE
J
Secre ar