HomeMy WebLinkAboutResolution No. 408RESOLUTION 408
RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
BOARD OF DIRECTORS APPROVING THE FIRST
AMENDMENT TO THE EXCLUSIVE NEGOTIATION
AGREEMENT BETWEEN THE AGENCY AND HALFERTY
DEVELOPMENT COMPANY FOR 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
Halferty Development 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. On June 29, 1987 the Board of Directors
adopted Resolution No. 312 approving an Exclusive Negotiation
Agreement between the Azusa Redevelopment Agency and Halferty
Development Company. The Agency has subsequently negotitated the
First Amendment to the approved Agreement attached hereto as
Exhibit "A".
SECTION 2. The First Amendment to the Exclusive
Negotiation Agreement by and between the Redevelopment Agency of
the City of Azusa and Halferty Development Company, dated as of
October 19, 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 3. The Secretary shall certify the adoption of
this Resolution.
APPROVED AND ADOPTED the 19th day of October , 1987.
`1�9e21..2�
Eune F. Moses
Ch firman
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 19thday of October ,
1987.
AYES:
NOES:
ABSENT:
DIRECTORS:
DIRECTORS:
DIRECTORS:
AVILA,
NONE j
NONE/
COOK, CRUZ, LATTA, MOSES