HomeMy WebLinkAboutResolution No. 94-R470 0
RESOLUTION NO. 94—R47
A JOINT RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF AZUSA AND THE REDEVELOPMENT AGENCY
OF THE CITY OF AZUSA APPROVING THE EXECUTION
OF AN OWNER PARTICIPATION AGREEMENT WITH
MISSION CHRYSLER -PLYMOUTH, INC. AND GREGORY
JOHNSON AND THE LEASE OF REAL PROPERTY BY
THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA PURSUANT TO A LEASE AGREEMENT WITH
MISSION CHRYSLER -PLYMOUTH, INC. AND GREGORY
JOHNSON
THE CITY COUNCIL OF THE CITY OF AZUSA AND THE REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA DO HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Council of the City of Azusa and the Redevelopment Agency of
the City of Azusa hereby find, determine and declare 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 Merged Project ("Project");
and
B. In order to implement the Redevelopment Plan, the Agency proposes to enter into
an Owner Participation Agreement ("OPA") with Mission Chrysler -Plymouth, Inc. and Gregory
L. Johnson (collectively, the "Participants") for the development of certain real property in the
Project Area. In connection with this transaction, the Agency also proposes to acquire certain
property ("Property") from the Participants and then lease the Property back to the Participants
pursuant to a Lease Agreement; and
C. The Agency has negotiated the terms of the agreements with the Participants; and
D. The proposed agreements contain all the provisions, terms, conditions, and
obligations required by state and local law; and
E. A number of agreements to be executed by the Agency are attached as exhibits
to the OPA an incorporated by reference into the OPA; and
F. The Participant has agreed to acquire the Property and develop that Property as
described in the agreements and in accordance with the purposes and objectives of the
Redevelopment Plan; and
G. The Agency has prepared, and the City Council has reviewed and considered, a
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summary explaining why the lease 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
H. The City has agreed to loan Two Million Dollars ($2,000,000) from its Water
Department to the Agency to provide the funds needed by Agency to purchase the Property; and
I. 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 lease
and sum of the lease payments, and made said summary available for public inspection in
accordance with the California Community Redevelopment Law; and
j. The Agency considered and approved a negative declaration which considered the
lease and development of the Property; and
K. 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 lease of the
Property and on the proposed agreements; and
L. The redevelopment of the Property pursuant to the proposed agreements is in the best
interests of the City and in accord with the public purposes and provisions of applicable State
and local laws.
SECTION 2. The City and Agency hereby find and determine that the proposed
agreements and lease 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 City and the Agency hereby find and determine that the lease of the
Property will assist in the elimination of blight.
SECTION 4. The City and the Agency hereby find and determine that the consideration
for the lease of the Property is not less than the fair reuse value of the Property at the use and
with the covenants and conditions and development costs authorized by the Lease Agreement.
SECTION 5. The Lease Agreement which establishes the terms and conditions for the
lease of the property from the Agency to the Participant, the Owner Participation Agreement
which provides for the development of the property and the related agreements attached as
exhibits to the Owner Participation Agreement, and the Two Million Dollar ($2,000,000) loan
from the City to the Agency are hereby approved in substantially the form presented to the City
Council, together with such minor changes as may be approved by the City Administrator and
the City Attorney.
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SECTION 6. The City Administrator is hereby authorized to execute said agreements
on behalf of the City and to take all action necessary to carry out said agreements.
SECTION 7. The City Clerk 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 6th day of September, 1994.
Mayor
I HEREBY CERTIFY that the foregoing Resolution was duly adopted of a joint meeting
of the City Council of the City of Azusa and the Redevelopment Agency of the City of Azusa,
at a regular meeting thereof, held on the 6th day of September, 1994, by the following vote
of the COtlnell:
AYES: COUNCILMEMBERS/BOARDMEMBERS: HARDISON, MADRID, NARANJO, BEEBE
NOES: COUNCILN4EMBERS/BOARDMEMBERS: ALEXANDER
ABSENT: COUNCILMEMBERS/BOARDMEMBERS: NONE
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