HomeMy WebLinkAboutResolution No. 442C,
RESOLUTION NO. 442
1]
A RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
AUTHORIZING AND DIRECTING AGENCY STAFF TO
PREPARE A PRELIMINARY REPORT FOR THE CENTRAL
BUSINESS DISTRICT REDEVELOPMENT PROJECT AND
WEST END REDEVELOPMENT PROJECT MERGER
WHEREAS, the Azusa Redevelopment Agency (the "Agency")
desires to merge the Central Business District and the West End
Redevelopment Project in the City; and
WHEREAS, in accordance with Section 33344.5 of the
California Health and Safety Code, a Preliminary Report regarding
the proposed merger shall be prepared for transmittal to the
various taxing agencies affected by the proposed merger; and
WHEREAS, the Preliminary Report shall appropriately contain
the reasons for the project merger; a review of the previously
documented physical, social and economic conditions existing in
the project areas to be merged; an assessment of financing of the
merged project following the merger, including an assessment of
the economic feasibility of the project and how the increased
flexibility in the use of tax increment revenues benefit the
project; a review of the objectives and specific projects
associated with each of the existing projects, and a discussion
of how the project merger would or would not impact affected
taxing agencies; and a description of how the project merger
would aid in the elimination of blighting conditions in the
merged project area.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of
the Redevelopment Agency of the City of Azusa as follows:
SECTION 1. Agency staff is hereby authorized and
directed to prepare a Preliminary Report as required by Section
33344.5 of the California Health and Safety Code for the Central
Business District Redevelopment Project and West End
Redevelopment Project Merger.
SECTION 2. Upon completion the Preliminary Report, Staff
shall transmit the Report to the Agency Board for review and
authorization to transmit to affected taxing agencies.
APPROVED AND ADOPTED the 21st day of March 1 1988.
Eug ne F. Moses
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 21st day of March
1988.
AYES: DIRECTORS: AVILA,
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONNE
Adolph 01 is
Secretary
COOK, CRUZ, LATTA, MOSES