HomeMy WebLinkAboutResolution No. 94-R18RESOLUTION NO.94—R18
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA APPROVING THE SALE OF REAL PROPERTY
PURSUANT TO THAT CERTAIN AGREEMENT
ENTITLED 'DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AND R. E. BLEWETT COMPANIES, INC., A
CALIFORNIA CORPORATION'
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 staff and R. E. Blewett Companies, Inc. have negotiated a proposed
Disposition and Development Agreement ("Agreement") for the acquisition and sale of certain
property located at 600 South Cerritos Avenue which is located outside and adjacent to the
Central Business District Redevelopment Project Area which agreement conditions the sale of
said property upon its redevelopment and such other matters as are required by the
Community Redevelopment Law.
B. The Agency and the City Council held a duly -noticed joint public hearing on
said sale and approval of the Agreement pursuant to the requirements of Health & Safety
Code Section 33433 and other applicable law.
C. Concurrently with the first publication of the notice of said joint public hearing,
the Agency and the City made available to the public a report on the proposed sale of the
property and the terms of the Agreement, which report was duly prepared and made available
to the public in accordance with the requirements of Health & Safety Code Section 33433 and
other applicable law.
D. Although the sale price of the property will be less than the Agency
expenditures in acquiring and improving it as more particularly set forth in the report
described in subparagraph C, the Board of Directors of the Agency and the City Council
specifically find in accordance with the authority of Health & Safety Code Section 33433 that
(1) said difference is necessary to effectuate low and moderate income housing to revitalize the
Project Area and the community and produce quality affordable housing, and (2) the actual
purchase price of the property is reasonable given the restrictions imposed by the Agreement.
E. The Agency has prepared, and the City Council has reviewed and considered,
a summary setting 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
F. The housing improvements to be constructed pursuant to the Agreement are of
benefit to the adjacent Project Area and the immediate neighborhood in which the property
is located and no other reasonable means of financing such improvements are available to the
community.
G. Health & Safety Code Section 33334.2 Ca. authorizes redevelopment agencies
to use their housing set-aside funds outside of a project area upon a resolution of the agency
and the legislated body that such use will be of benefit to the project.
H. Though the Agreement will not result in the destruction or removal of dwelling
units from the low and moderate income housing market, the Agency previously prepared and
adopted a Replacement Housing Plan for the property pursuant to Health and Safety Code
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RESOLUTION NO, 94—R18
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Section 33413.5 and is presently implementing said plan.
SECTION 2. The Board of Directors of the City of Azusa hereby finds and
determines that the sale of the property will assist in the elimination of blight.
SECTION 3. The Board of Directors of the Redevelopment Agency of the City of
Azusa hereby finds and determines that the consideration for sale of the property is not less
than the fair reuse value of the property at the use and with the covenants, conditions and
development costs authorized by the sale.
SECTION 4. The Board of Directors of the Redevelopment Agency of the City of
Azusa hereby approves that certain agreement entitled "Disposition and Development
Agreement By and Between the Redevelopment Agency of the City of Azusa and R. E.
Blewett Companies, Inc., a California Corporation", in substantially the form attached hereto
as Exhibit "A"
SECTION 5. The Secretary shall certify the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 18th day of April , 1994.
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 thel8th day of April , 1994 by the following vote of the Board:
AYES: DIRECTORS: DANGLEIS, MADRID, NARANJO, MOSES
NOES: DIRECTORS: ALEXANDER
ABSENT: DIRECTORS: NONE
Secretary/Deputy Secretary
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