HomeMy WebLinkAboutResolution No. 634n
RESOLUTION NO. 634
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RESOLUTION OF THE REDEVELOPMENT AGENCY OF
CITY OF AZUSA APPROVING THAT CERTAIN
EEMENT ENTITLED "AGREEMENT FOR PURCHASE AND
E OF REAL PROPERTY AND ESCROW INSTRUCTIONS"
AND BETWEEN THE REDEVELOPMENT AGENCY OF THE
Y OF AZUSA AND D.J. FEDERLEIN AND JONELL
BEL PROPERTY LOCATED AT 46 LAKEVIEW TERRACE
VE, AZUSA, CALIFORNIA 91702
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Board of Directors of the Redevelopment
Agency of 'the City of Azusa hereby finds, determines and declares
that:
A.I The subject property consists of one condominium unit
located at 46 Lakeview Terrace Drive, Azusa, California
917021. The Agency acquired the subject property as the
result of a foreclosure sale after the owner defaulted on
loans made pursuant to the 1979 Residential Mortgage Revenue
Housing Bonds issued by the Agency.
B. 1 In accordance with the requirements of said bond issue
and applicable law, the Agency staff has negotiated an
agreement between the Agency and D.J. Federlein and Jonell
Nache'l the sale of said property.
C. The Agency Board and City Council held a duly -noticed
joint public hearing on said sale and approval of the
Agreement pursuant to the requirements of Health & Safety
Code Section 33433 and other applicable law.
D. Concurrently with the first publication of the notice
of said joint public hearing, the Agency and City made
available to the public a report on the proposed sale of the
property and the terms of the Agreement, which report was
duly prepared and made available to the public in
accordance with the requirements of Health & Safety Code
Section 33433.
SECT110N 2. The Board of Directors of the Redevelopment
Agency of the City of Azusa hereby approves that certain
Agreement entitled "Agreement for Purchase and Sale of Real
Property and Escrow Instructions" by and between the
Redevelopment Agency of the City of Azusa and D.J. Federlein and
Jonell Nachel, dated as of October 16, 1989 and authorizes the
Chairman too execute said Agreement on behalf of the Agency in
substantially the form attached hereto as Exhibit "A."
SECTI'ON 3. The Secretary shall certify the adoption of
this Resolution.
PASSED, APPROVED AND ADOPTED this 16th day of October 1989.
Cha
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 16thday of Octobgr1989.
AYES:
NOES:
ABSU
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BOARD MEMBERS: AVILA, STEMRICH, NARANJO, LATTA, MOSES
BOARD MEMBERS: NONE
BOARD MEMBERS: NONE
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