HomeMy WebLinkAboutResolution No. 4890 0
RESOLUTION 489
RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
BOARD OF DIRECTORS APPROVING AN EXCLUSIVE
NEGOTIATING AGREEMENT BETWEEN THE AGENCY AND
DE ROSA 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 hereto in order to best
accomplish the goals and purposes of the Redevelopment Plan of
the Central Business District Redevelopment Project Area and,
the Developer, De Rosa 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
De Rosa 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 , 1988
tuggge F. Moses
ChaFirman
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
Z
Secretary
STEMRICH, NARANJO, LATTA, MOSES