HomeMy WebLinkAboutResolution No. 558• RESOLUTION NO. 558 0
A RESOLUTION OF THE CITY OF AZUSA
REDEVELOPMENT AGENCY APPROVING THAT CERTAIN
AGREEMENT ENTITLED "AN AGREEMENT FOR
ALLOCATION OF TAS INCREMENT FUNDS" BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, THE
CITY OF AZUSA, AND THE COUNTY OF LOS ANGELES
WHEREAS, the Azusa Redevelopment Agency (the "Agency") has
initiated the merger of the Central Business District
Redevelopment Project Area and the West End Redevelopment Project
Area in compliance with the California Community Redevelopment
Law [Health and Safety Code, Sections 33000, gt seq. (the
"Code")]; and
WHEREAS Section 33486 (a) of the Code specifies that
redevelopment projects may be merged by amendment of each
affected redevelopment plan as provided in Article 12 of said
Code; and
WHEREAS, the City Council of the City of Azusa and the
Agency held a joint public hearing on October 24, 1988, for the
purpose of considering the approval and adoption of the
Redevelopment Plan for the merger of the Central Business
District (CBD) Redevelopment Project and the West End
Redevelopment Project Areas; and
WHEREAS, the City adopted Ordinance No. 2382 on November 7,
1988, approving and adopting the merger; and
WHEREAS, the Agency has consulted with representatives of
the County on behalf of the County General Fund, the Flood
Control District, the Public Library (hereinafter referred to as
"County Taxing Entities") pursuant to Health and Safety Code
33328 to determine the fiscal impact of the merger of the CBD
Redevelopment Project and the West End Redevelopment Project
Areas; and
WHEREAS, the County intends that this Agreement, in
substantially the form attached, shall serve as a solution to
their concerns regarding possible fiscal impact and agrees to
forebear any judicial remedies they may have to challenge the
validity of the merger.
NOW, THEREFORE, BE IT RESOLVED BY THE AZUSA REDEVELOPMENT
AGENCY AS FOLLOWS:
SECTION 1. The Agency approves and adopts that certain
Agreement entitled "An Agreement for Allocation of Tax Increment
Funds", dated March 20, 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 20thday of March , 1989.
E ene 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 20thday of March , 1989.
AYES: BOARD MEMBERS: STEMRICH,
NOES: BOARD MEMBERS: NONE
ABSENT.47 BOARD MEMBERS: AVILA
/9'A,4
ecretary
NARANJO, LATTA, MOSES