HomeMy WebLinkAboutResolution No. 91-R740 0
RESOLUTION NO. gi _R7q
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING THE CONSOLIDATED
AMENDMENT TO THE OWNER PARTICIPATION
AGREEMENT WITH WEST LAND RESERVES,
INCORPORATED
WHEREAS, the Agency and West Land Reserves, Incorporated entered into an
Owner Participation Agreement dated November 21, 1988, for redevelopment of the
Ranch Center Redevelopment Project Area; and
WHEREAS, the Agency and Developer have approved various amendments to
the Owner Participation Agreement; and
WHEREAS, the Agency and Developer desire to consolidate prior approved
amendments and make additional amendments and clarifications to the original Owner
Participation Agreement;
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 the Consolidated Amendment to the Owner Participation
Agreement with West Land Reserves, Incorporated, previously known as West Venture
Development Company in essentially 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 2nd DAY OF December , 1991.
PW
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Redevelopment Agency of the City of Azusa at a regular meeting thereof, held on the
2nd day of DPcamhPr 1991.
AYES: DIRECTORS: DANr,LEIS,
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
Secretary/,56puty Secretary
STEMRICH, NARA.NJO, ALEXANDER, MOSES