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HomeMy WebLinkAboutResolution No. 678RESOLUTION NO. 678 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZIISA APPROVING AN AGREEMENT ENTITLED "OWNER - PARTICIPATION AGREEMENT BY AND BETWEEN THE AZUSA REDEVELOPMENT AGENCY AND WILLIAM BILLOTTI FOR 635 NORTH AZIISA AVENUE" The Board of Directors of the Redevelopment Agency of the City of Azusa resolves as follows: SECTION 1. The Board of Directors of the Redevelopment Agency of the City of Azusa hereby approves the certain agreement entitled "Owner -Participation Agreement by and between the Redevelopment Agency of the City of Azusa and William Billotti for 635 North Azusa Avenue" and authorizes the Chairman of the Board of Directors to execute said Agreement on behalf of the Agency in substantially the form as attached hereto as Exhibit "A". SECTION 2. The Secretary shall certify the adoption of this Resolution and shall cause the Agreement to be recorded promptly upon its execution by all parties thereto. PASSED, APPROVED AND ADOPTED this 15th day of January 1990. EuggK 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 15th day of 7anijary , 1990. AYES: BOARDMEMBERS: AVILA,STEMRICH, NARANJO, LATTA, MOSES NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE Adolph `solis, 106cr�tary