HomeMy WebLinkAboutResolution No. 7250 0
RESOLUTION NO. 725
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING AN AMENDED SCHEDULE OF PERFORMANCE
FOR THE OWNER PARTICIPATION AGREEMENT BY AND
BETWEEN THE AGENCY AND THE DEUTSCH COMPANY IN
REGARD TO THE DISPOSITION OF THE FORMER WEST
COAST PLYWOOD PROPERTY
WHEREAS, on the 21st day of December, 1989, the Agency and
the Deutsch Company ("Developer") entered into an Owner
Participation Agreement (OPA) for property generally located at
the Northwest corner of Virginia Avenue and Fifth Street; and
WHEREAS, said OPA required the Developer to make certain
improvements to the property no later than June 30, 1990; and
WHEREAS, the Developer has made some of the required
improvements and appears to be making a good faith effort to
complete the requirements but has not yet done so;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AS FOLLOWS:
SECTION 1. The Board of Directors of the Redevelopment Agency
of the City of Azusa hereby approves operating Memorandum No. 1
to the OPA with the Deutsch Company, amending the Schedule of
Performance in the OPA, and authorizes the Chairman to execute
said operating memorandum on behalf of the Agency in
substantially the same form as attached hereto as "Exhibit A."
SECTION 2. The Secretary shall certify the adoption of this
Resolution.
PASSED, APPROVED AND ADOPTED this 6th day of August, 1990.
Cha rman /
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 6th
day of August, 1990 by the following vote of the Directors:
AYES: DIRECTORS: STEMRICH, NARANJO, ALEXANDER, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: DANGLEIS
0 0
OPERATING MEMORANDUM NO. 1 TO THE
OWNER PARTICIPATION AGREEMENT BETWEEN
THE CITY OF AZUSA REDEVELOPMENT AGENCY
AND THE DEUTSCH COMPANY
In accordance with Section 2.6 of the Owner Participation
Agreement (hereinafter "OPA") by and between the City of Azusa
Redevelopment Agency (hereinafter "Agency") and the Deutsch
Company (hereinafter "Developer"), dated December 21, 1989, the
Agency and Developer hereby enter into this Operating Memorandum
No. 1 to amend the Construction Schedule and the Schedule of
Performance in the above referenced OPA:
WHEREAS, said OPA required the Developer to make certain
improvements to the property no later than June 30, 1990; and
WHEREAS, the Developer has made some of the required
improvements and appears to be making a good faith effort to
complete the requirements but has not yet done so;
NOW, THEREFORE, THE OWNER PARTICIPATION AGREEMENT IS HEREBY
MODIFIED AS FOLLOWS:
SECTION 1. Exhibit No. 4 to the OPA, also labeled "Schedule
of Performance," is hereby amended as indicated by the attached
"Exhibit A," attached hereto and by this reference made a part
hereof.
SECTION 2. All other terms and conditions of the OPA shall
remain unchanged.
Approved by the City of Azusa Redevelopment Agency on August
6, 1990.
CITY OF AZUSA REDEVELOPMENT AGENCY
By: Attest
E ene F. Moses, Chairman
DEUTSCH COMPANY
By:
Daniel F. Dart
General Manager
EXHIBIT A
Secretary
EXHIBIT NO. 4
SCHEDULE OF PERFORMANCE
1. Submission of Basic Concent
Drawings. Participant shall
prepare and submit to Agency
Basic Concept Drawings as
specified in Section 2.3.
Submission - Precise Plan,
Parcel Mao and Related
Approvals. Participant shall
submit under applicable City
codes, to City a completed
application for all required
precise plan/parcel map and
related approvals.
3. Agency Approval of Agreement.
Agency shall approve and
execute Agreement.
Recordation of Conditions
Covenants and Restrictions
Participant shall execute and
record the C C & R's attached
as Exhibit 6.
Approval - Basic Concept
Drawings and Agreement.
Agency shall approve,
conditionally approve, or
disapprove the Basic Concept
Drawings and Agreement.
6. Execution of Agreement.
Agreement shall be authorized,
executed and delivered by
Participant to Agency.
7. Final Construction Drawings.
Participant shall submit final
construction drawings and
landscape plans, permit
applications and fees; and
such other construction
documents as may be reasonably
required by the Agency or City.
EXHIBIT A
Completed.
Completed.
Completed.
Completed.
Completed.
Completed.
By August 31, 1990
r a_..'L:a�b::.}.!r' �- ..- titins. uM✓. ei`�.
1J
Approval - Final Construction
Drawings. The City and Agency
shall review and approve,
conditionally approve, or
disapprove final construction
and landscape plans.
9. Issuance of Building Permits.
subject to fulfillment of
Agreement, and subject to all
applicable City Codes, the
City shall issue building
permits with respect to the
project.
10. Demolition and Construction.
- Commence. Participant shall
begin demolition and construc-
tion as required by the City
and Agency.
11. Public Improvements.
Participant shall fully install
or cause to be installed all
off-site public improvements
required by the City as per
Precise Plan of Design P89-208
and Parcel Map 21741 as shown
in Exhibit 3.
12. Construction - Completion.
Participant shall complete or
cause to be completed the
buildings, the on-site
improvements, and the off-site
public improvements as per
Precise Plan of Design P89-208
and Parcel Map 21741 as shown in
Exhibit 3, and shall apply to
the City for a Certificate of
Occupancy and to the Agency for
a Certificate of Completion.
EXHIBIT A
0
Within fifteen (15) days
after all plancheck cor-
rections are made by
Participant.
Within ten (10) days
after submittal of
final corrected plans to
City and payment of all
fees.
By September 30, 1990.
Prior to completion
of construction.
By December 31, 1990.
13. City and Agency. The City and Within thirty (30) days
Agency shall review the of receipt of application.
appropriate certificates and
the Participant's compliance
with the Agreement and:
reject the application
with comments
- approve the Certificate
of Occupancy (CITY);
approve, execute and
record the Certificate of
Completion (AGENCY).
EXHIBIT A