HomeMy WebLinkAboutResolution No. 412E
RESOLUTION 412
RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
BOARD OF DIRECTORS APPROVING AN EXCLUSIVE
NEGOTIATING AGREEMENT BETWEEN THE AGENCY AND
NATHAN S. KREMS/LOS ANGELES LAND COMPANY FOR
CERTAIN PROPERTY LOCATED WITHIN 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 redevelop the property set
forth in the agreement attached hereto as Exhibit "A" in order to
best accomplish the goals and purposes of the Redevelopment Plan
of the Central Business District Redevelopment Project Area and
Owner Participant, Nathan S. Krems/Los Angeles Land 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
Nathan S. Krems/Los Angeles Land Company, dated as of November 2,
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
el
Euge . Moses
Chylrman
the 2nd day of November
1987.
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 2nd day of November
1987.
AYES: DIRECTORS: AVILA,
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
4,
Secretary
COOK, CRUZ, LATTA, MOSES