HomeMy WebLinkAboutResolution No. 95-R630 0
RESOLUTION NO. 95—R63
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING THE EXECUTION OF
AN AMENDED AND RESTATED OWNER PARTICIPATION
AGREEMENT WITH MISSION CHRYSLER -PLYMOUTH,
INC. AND JAMES AND PATRICK CONNOR 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 JAMES AND PATRICK CONNOR
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA DOES HEREBY RESOLVE AS FOLLOWS:
SECTION L 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 Merged Project ("Project");
and
B. In order to implement the Redevelopment Plan, the Agency proposes to enter into an
Amended and Restated Owner Participation Agreement ("OPA") with Mission Chrysler -Plymouth,
Inc. and James and Patrick Connor (collectively, the "Participants") for the use of certain real
property in the Project Area. In connection with this transaction, the Agency also proposes to
lease certain real property ("Property") to the Participants pursuant to an Amended and Restated
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 lease the Property and use 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
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 Agency has agreed to loan Three Hundred Fifty Thousand Dollars ($350,000) to
the Participant; 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 leased 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 previously considered and approved a negative declaration which
considered the lease and development of the Property; and
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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 lease and use 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 Agency hereby finds and determines that the proposed agreements and
lease and use 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 lease of the Property will
assist in the elimination of blight and is consistent with the implementation plan adopted by the
Agency pursuant to Health and Safety Code 33490.
SECTION 4. The Agency hereby finds and determines 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 OPA which provides for the lease
of the property and the related agreements attached as exhibits to the OPA, and the Three Hundred
Fifty Thousand Dollar ($350,000) loan from 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.
SECTION 6. The Chairman is hereby authorized to execute said agreements on behalf of
the Agency and to take all action necessary to carry out said agreements.
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: 24th day of October , 1995..
:I-
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 24thday of October , 1995, by the following vote of the Board:
AYES:
NOES:
ABSENT:
ABSTAIN
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BOARDMEMBERS:
BOARDMEMBERS:
BOARDMEMBERS:
BOARDMEMBERS:
HARDISON, MADRID, BEEBE
NARANJO, ALEXANDER
NONE
NONR