HomeMy WebLinkAboutResolution No. 761RESOLUTION NO. 761
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING A SOILS
INDEMNIFICATION AGREEMENT, DATED DECEMBER 17,
1990, WITH DEROSA CENTENNIAL ASSOCIATES.
WHEREAS, the Disposition and Development Agreement (DDA),
dated February 6, 1989, by and between the Redevelopment Agency
of the City of Azusa (Agency) and DeRosa Centennial Associates
(Developer) required the Agency to deliver the Centennial Square
Square project site to the Developer free of soil contaminants;
and
WHEREAS, the Agency has remediated known soil contaminants
in the project site but is unable at this time to obtain
regulatory clearance for the soils work done on the property by
the Agency; and
WHEREAS, regulatory clearance for the soils work performed
by the Agency could be obtained, but not in time to avoid serious
delays in the project; and
WHEREAS, the Agency and the Developer desire to proceed with
the project as expeditiously as possible.
NOW, THEREFORE, 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 approves that "Soils
Agreement," dated December 17, 1990, by and between the Agency
and DeRosa Centennial Associates and authorizes the Agency's
Executive Director to execute said Soils Agreement on behalf of
the Agency Board in substantially the same form as attached
hereto as "Exhibit A."
SECTION 2: The Agency Secretary shall certify the adoption
of this Resolution.
PASSED, APPROVED AND ADOPTED THIS 17TH DAY OF DECEMBER, 1990
ene F. Moses, Chairman
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Board of Directors of the Redevelopment Agency of
the City of Azusa, at a regular meeting thereof, held on the 17th
day of December, 1990 by the following vote of the Directors:
AYES: DIRECTORS: DANGLEIS, STEMRICH, NARANJO, ALEXANDER, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
ABSTAIN: DIRECTORS: NONE