HomeMy WebLinkAboutResolution No. 562RESOLUTION NO. 562
A RESOLUTION OF THE CITY OF AZUSA APPROVING
THAT CERTAIN AGREEMENT ENTITLED IIAN AGREEMENT
FOR ALLOCATION OF TAB INCREMENT FUNDS" BETWEEN
THE CITY OF AZUSA REDEVELOPMENT AGENCY AND THE
AZUSA UNIFIED SCHOOL 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 Azusa Unified School 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
REDEVELOPMENT AGENCY AS FOLLOWS:
SECTION 1. The Board approves and adopts that certain
Agreement entitled "An Agreement Between the City of Azusa
Redevelopment Agency and the Azusa Unified School District",
dated April 17, 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 17t' -day of April 1989.
Eug a F. Moses, Chairman
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Board of Directors of the City of Azusa
Redevelopment Algency, at a regular meeting thereof held on the
17day of Apri , 1989.
AYES: DIRECTORS AVILA, STEMRICH, NARANJO, LATTA, MOSES
NOES: DIRECTORS NONE
ABSENT: DIRECTORS NONE
1'�A /-
S creta4