HomeMy WebLinkAboutResolution No. 490RESOLUTION 490
RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
BOARD OF DIRECTORS APPROVING AN EXCLUSIVE
NEGOTIATING AGREEMENT BETWEEN THE AGENCY AND
WESTERN PROPERTIES 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 as attached in order to best accomplish
the goals and purposes of the Redevelopment Plan of the Central
Business District Redevelopment Project Area, and the
Developer, Western Properties 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
Western Properties, dated as of August 1, 1988, 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 attached hereto and incorporated herein
by reference.
SECTION 2. The Secretary shall certify the adoption of
this Resolution.
APPROVED AND ADOPTED the 1st day of August 1 1988
Euge a F. Moses
Ch '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 1st day of August
1988.
AYES: DIRECTORS: AVILA,
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
ABST N: T TRZ 'C TOR,$: LATTA
Secretar
STEMR.ICH, NARANJO, MOSES