HomeMy WebLinkAboutResolution No. 5790 0
RESOLUTION NO. 579
A RESOLUTION OF THE CITY OF AZUSA APPROVING
THAT CERTAIN AGREEMENT ENTITLED "AN AGREEMENT
FOR ALLOCATION OF TAB INCREMENT FUNDS" BETWEEN
THE THE CITY OF AZUSA REDEVELOPMENT AGENCY,
AND THE CITRUS COMMUNITY COLLEGE DISTRICT
WHEREAS, the City of Azusa Redevelopment Agency (the
"Agency") has initiated the formation of the Ranch Center
Redevelopment Project Area in compliance with the California
Community Redevelopment Law (Health and Safety Code, Sections
33000, et sec. (the "Code")]; and
WHEREAS, the Agency is establishing a Plan for the Ranch
Center Redevelopment Project by adopting the appropriate
ordinance by the City Council of the City of Azusa; and
WHEREAS, the Community Redevelopment Law (Health and Safety
Code Sections 33000 et seq.) authorizes redevelopment agencies to
enter into agreements with taxing agencies having territory
located within a project area for the purpose of alleviating any
financial burden or detriment caused by the redevelopment
project; and
WHEREAS, the Agency and the Citrus Community College
District enter into this Agreement in order to alleviate any
financial burden on the District caused by the implementation of
the Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF AZUSA
AS FOLLOWS:
SECTION 1. The Board approves and adopts that certain
Agreement entitled "An Agreement for Allocation of Tax Increment
Funds" Between the City of Azusa Redevelopment Agency and the
Citrus Community College District, dated June 5, 1989, and
authorizes the Chairman to execute said Agreement on behalf of
the Agency in substantially the form attached hereto.
SECTION 2. The Secretary shall certify as to the passage
and adoption of this resolution, and it shall thereupon take
effect and be in force.
PASSED AND ADOPTED this 5th day of June , 1989.
Euge F. Moses, Chairman
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Board of Directors of the City of Azusa
Redevelopment Agency, at a regular meeting thereof held on the
5th day of June , 1989.
AYES: DIRECTORS: AVILA, STEMRICH, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NARANJO
Secret y