HomeMy WebLinkAboutResolution No. 91-R540 0
RESOLUTION 91-R54
RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
BOARD OF DIRECTORS APPROVING AN EXCLUSIVE
NEGOTIATION AGREEMENT BETWEEN THE AGENCY AND
H & H DEVELOPMENT FOR CERTAIN PROPERTY LOCATED
WITHIN THE CENTRAL BUSINESS DISTRICT
REDEVELOPMENT PROJECT AREA
WHEREAS, the Agency is authorized by the Community
Redevelopment Law and other applicable law to undertake
redevelopment projects in order to best accomplish the purposes and
goals of the redevelopment plans for various project areas;
WHEREAS, The Agency desires to redevelop the property set
forth in the agreement as attached in order to best accomplish the
goals and purposes of the Redevelopment Plan of the Central
Business District Redevelopment Project Area, and the owner desires
to redevelop said property;
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of
the Redevelopment Agency of the City of Azusa as follows:
SECTION 1. That certain Exclusive Negotiation Agreement by and
between the Redevelopment Agency of the City of Azusa and H & H
Development, dated as of September 3, 1991 is hereby approved and
the Chairman of the Agency is hereby authorized to sign and
execute said Agreement on behalf of the Agency in substantially the
form as attached hereto and incorporated herein by reference.
SECTION 2. The Secretary shall certify the adoption of this
Resolution.
APPROVED AND ADOPTED this 3rd day of September1991.
Eligofle F. Moses, Chairman
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 3r -d day of mer, 1991.
AYES: DIRECTORS: DANCLEIS, STEMRICH, NARANJO, ALEXANDER, MOSES
NAYES: DIRECTORS: NONE
ABSENT: DIRECTORS: NnNF