HomeMy WebLinkAboutResolution No. 94-R70 0
RESOLUTION NO. 94 R7
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING THE SALE OF REAL PROPERTY BY THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
PURSUANT TO THAT CERTAIN DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AND THE CITY OF AZUSA
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 Redevelopment Agency of the City of Azusa ("Agency") is engaged in
activities necessary to execute and implement the Redevelopment Plan for the Central Business
District Project ("Project"); and
B. In order to implement the Redevelopment Plan, the Agency proposes to sell
certain real property in the Project Area, pursuant to the terms and provisions of a certain
Disposition and Development Agreement ("Agreement"); and
C. The Agency and the City of Azusa ("City") have negotiated the terms of the
Agreement; and
D. The proposed Agreement contains all the provisions, terms, conditions, and
obligations required by state and local law; and
E. The City has agreed to acquire the Property and develop the Property as described
in the Agreement, in accordance with the purposes and objectives of the Redevelopment Plan;
and
F. The Agency has prepared, and the City Council has reviewed and considered, a
summary setting forth forth an explanation of why the sale of the Property will assist in the
elimination of blight, with reference to all supporting facts and materials relied upon in making
this explanation; and
G. The Agency has prepared, and the City Council has reviewed and considered, a
summary setting forth the cost of the Agreement to the Agency, the estimated value of the
interests to be conveyed determined at the highest uses permitted under the Redevelopment Plan
and at the use and with the conditions, covenants, and development costs required by the sale,
and the purchase price and made said summary available for public inspection in accordance
with the California Community Redevelopment Law; and
H. The Agency considered and approved a Negative Declaration which considered
the development of the Property; and
I. Pursuant to provisions of the California Community Redevelopment Law, the
Agency and the City Council held a duly noticed joint public hearing on the proposed sale of
the Property and on the proposed Agreement; and
J. The Agency has considered all terms and conditions of the proposed sale and the
redevelopment of the Property pursuant to the proposed Agreement has and determined to be
in the best interests of the City and Agency, in accord with the public purposes and provisions
of applicable State and local laws.
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SECTION 2. The Agency hereby finds and determines that the proposed Agreement and
sale and development of the Property will not have a significant effect on the environment or
result in a substantial or potentially substantial adverse change in the environment.
SECTION 3. The Agency hereby finds and determines that the sale of the Property will
assist in the elimination of blight.
SECTION 4. The Agency hereby finds and determines that the consideration for sale
of that certain real property described as the Property, pursuant to the Disposition and
Development Agreement between the Agency and the City, is not less than fair market value at
its highest and best use in accordance with the redevelopment plan or fair reuse value at the use
and with the covenants and conditions and development costs authorized by the sale.
SECTION 5. The sale of the Property by the Agency to the City and the Disposition and
Development Agreement which establishes the terms and conditions for the sale and development
of such property, are hereby approved in substantially the form presented to the Board of
Directors, together with such minor changes as may be approved by the Executive Director and
Agency Counsel.
SECTION 6. The Executive Director is hereby authorized to execute said Agreement
on behalf of the Agency and to take all action necessary to carry out said Agreement, including
but not limited to execution of the Grant Deed.
SECTION 7. The Secretary shall certify to the passage and adoption of this Resolution
and the same shall thereupon take effect and be in force.
PASSED, APPROVED AND ADOPTED this 7th day of February, 1994.
/ 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 the 7th day of February, 1994, by the following vote of the Board:
AYES: DIRECTORS: DANGLEIS, MADRID, NARANJO, ALEXANDER, MOSES
NOES: DIRECTORS: NONE
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