HomeMy WebLinkAboutResolution No. 5120 9
RESOLUTION NO. 512
A RESOLUTION OF THE BOARD
REDEVELOPMENT AGENCY OF
APPROVING THAT CERTAIN
"OWNER PARTICIPATION AGRE
THE REDEVELOPMENT AGENCY OF
SOUTHERN CALIFORNIA GAS COMPANYt
OF DIRECTORS OF THE
THE CITY OF AZIISA
GREEMENT ENTITLED
MENT BY AND BETWEEN
THE CITY OF AZIISA AND
A CALIFORNIA CORPORATION"
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA HEREBY RESOLVES AS FOLLOWS:
SECTION 1. The Board of Directors of the Redevelopment
Agency of the City of Azusa does hereby find, determine and
declare that:
A. The City of Azusa and the Redevelopment Agency of the
City of Azusa have adopted a Redevelopment Plan and a
Specific Plan for the West End Redevelopment Project Area by
which the City and the Agency seek to redevelop the Project
Area;
B. The Agreement approved by this Resolution is necessary
to effectuate and implement the West End Redevelopment Plan
and to redevelop the Site and the Project Area;
C. The use approved and regulated by this Agreement
conforms to the Redevelopment Plan for the Site which plan
the Agency desires to encourage said use in accordance with
the conditions imposed by this Agreement.
SECTION 2. The Board of Directors of the Redevelopment
Agency of the City of Azusa hereby approves that certain
agreement entitled "Owner Participation Agreement by and between
the Redevelopment Agency of the City of Azusa and Southern
California Gas Company, a California Corporation" dated as of
October 3, 1988 and hereby authorizes the Chairman to
execute said Agreement on behalf of the Agency in substantially
the form as is attached hereto.
SECTION 3. The Secretary shall certify the adoption of
this Resolution.
PASSED, APPROVED AND ADOPTED this 3rd day of October
1988.
Eug a F. Moses, Chairman
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Board of Directors of the Azusa Redevelopment
Agency of the City of Azusa, at a regular meeting thereof held on
the -J1:.d day of October , 1988.
AYES: BOARD MEMBERS:
NOES: BOARD MEMBFRS:
ABSENT:BOARD; MEMB
1 1411� Z ////-
Adolph SqYis, Secretary
AVILA, STEMRICH, NARANJO, LATTA, MOSES
NONE
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