HomeMy WebLinkAboutResolution No. 93-R380 0
RESOLUTION NO. 93-R38
A RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
BOARD OF DIRECTORS APPROVING AN EXCLUSIVE
NEGOTIATION AGREEMENT BETWEEN THE AGENCY AND
BOWDEN DEVELOPMENT INC. FOR CERTAIN PROPERTY
LOCATED WITHIN THE CENTRAL BUSINESS DISTRICT
REDEVELOPMENT PROJECT AREA
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY
OF AZUSA DOES HEREBY RESOLVE AS FOLLOWS:
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 developer 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 Bowden Development Inc. dated as of
_ July 19th, 1993 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.
PASSED, APPROVED AND ADOPTED this 19thday of July 1993.
r
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 thel9thday of July 1993 by the following vote of the Board:
AYES:
DIRECTORS:
NOES:
DIRECTORS:
ABSENT:
DIRECTORS:
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retary/D/e/puty Secretary
U
MADRID, NARANJO, MOSES
ALEXANDER
DANGLEIS