HomeMy WebLinkAboutResolution No. 4200 0
RESOLUTION 420
RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
BOARD OF DIRECTORS APPROVING AN EXCLUSIVE
NEGOTIATING AGREEMENT BETWEEN THE AGENCY AND
ALLEN RADFORD COMPANY FOR CERTAIN PROPERTY
LOCATED WITHIN THE PROPOSED AMENDMENT TO THE
CENTRAL BUSINESS DISTRICT REDEVELOPMENT
PROJECT AREA
WHEREAS, the Agency is authorized by the Community
Redevelopment law and other applicable law to undertake
redevelopment projects in order to best accomplish the purposes
and goals of the redevelopment plans for various project areas;
WHEREAS, the Agency desires to facilitate redevelopment of
the property set forth in the agreement attached hereto as
Exhibit "A" in order to best accomplish the goals and purposes of
the proposed Amended Redevelopment Plan for the Central Business
District Redevelopment Project Area and a potential Owner
Participant, Allen Radford Company desires to redevelop said
property;
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of
the Redevelopment Agency of the City of Azusa as follows:
SECTION 1. That certain exclusive negotiating agreement
by and between the Redevelopment Agency of the City of Azusa and
Allen Radford Company, dated as of December 7, 1987 is hereby
approved and the Chairman of the Agency is hereby authorized to
sign and execute said agreement on behalf of the Agency in
substantially the form as set forth in Exhibit "A" attached
hereto and incorporated herein by reference.
SECTION 2. The Secretary shall certify the adoption of
this Resolution.
APPROVED AND ADOPTED the 7th day of December , 1987.
L
Eugept F. Moses
Cha rman
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Redevelopment Agency of the City of Azusa at a
regular meeting thereof, held on the 7th day of December ,
1987.
AYES: DIRECTORS: AVILA,
NOES: DIRECTORS: NONE
ABSENT: DI//RECTORS: NONE
Secretary' �
d
COOK, CRUZ, LATTA, MOSES