HomeMy WebLinkAboutResolution No. 95-R340 0
RESOLUTION NO. 95-R34
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
MORRIS NATIONAL, INC. FOR THE BUSINESS
EXPANSION
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 do 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 Morris National, Inc. (the "Participant") for
the development of certain real property (the "Property") in the Project Area.
C. The Agency has negotiated the terms of the OPA with the Participant; and
D. The proposed OPA contains all the provisions, terms, conditions, and obligation
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 and incorporated by reference into the OPA; and
F. The Participant has agreed to develop that Property as described in the OPA and
the related 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 OPA will assist in business retention and expansion and the
elimination of blight, with reference to all supporting facts and materials relied upon in making
this explanation; and
H. The Agency has 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 OPA;
and
J. The redevelopment of the Property pursuant to the proposed OPA 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 OPA
and related agreements and lease and development of the property will not have a significant
impact upon the environment or result in a substantial or potentially substantial adverse change
in the environment.
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SECTION ION I The City and Agency hereby find and determine that the proposed OPA
and development of the Property will assist in business retention, business expansion, creation
of jobs and the elimination of blight.
SECTION 4. The City and Agency hereby find that assistance is necessary for the
economic feasibility of the development and that the assistance cannot be obtained on
economically feasible terms in the private market.
SECTION 5. The OPA and the related agreements attached as exhibits to the OPA, 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 City Administrator is hereby authorized to execute the OPA and
related agreements on behalf of the City and Agency 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 20th DAY OF June, 1995.
Mayor/Chairman
I HEREBY CERTIFY that the foregoing,Resolution was duly adopted at 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 20th day of June, 1995 by the following vote of the
Council/Agency Board of Directors:
AYES:
NOES:
COUNCILMEMBERS/BOARDMEMBERS:HALgDISON MADRID, NARANJO, BEEBE, DRID,NARANJO,BEEBE,
XANDCOUNCILMEMBERS/BOARDMEMBERS: NONE
NONE
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