HomeMy WebLinkAboutResolution No. 93-R4i
RESOLUTION NO. 93-R4
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA APPROVING THE CONCEPT PLAN FOR THE
DEVELOPMENT OF THE CENTENNIAL SQUARE SITE
THE BOARD OF DIRECTORS OF 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 finds, determines and declares that:
A. The Agency is the owner of approximately 3.5 acres of property at
the northwest corner of Azusa Avenue and Foothill Boulevard. This site is located in
the Azusa Central Business District Redevelopment Project Area.
B. The Agency previously entered into agreements to develop the
property with a privately developed retail and office complex, but the plans were
terminated due to weak market support and lack of available financing.
C. To overcome the market conditions and resolve City facility needs,
the Agency proposes to develop a mixed use project with a Light and Water Facility as
a major anchor. The proposal also contemplates solicitation of a quality dinnerhouse on
the prominent corner. A third building will be constructed as the market conditions
dictate.
D. Immediate development of the Site is critical to the goal of restoring
vitality to the downtown area of Azusa and alleviating the blight caused by
underutilized properties.
SECTION 2. The Board of Directors of the Redevelopment Agency hereby
approve the concept plans as submitted for the development of the Site and directs staff
to commence immediate action to undertake the improvements.
SECTION 3. The Agency Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 18thday of Janua
1993.
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
18th day of January 1993, by the following vote of the Board:
AYES: DIRECTORS: DANGLEIS, MADRID, NARANJO, ALEXANDER, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
ABSTAIN: DIRECTORS: NONE
Secretary`