HomeMy WebLinkAboutResolution No. 95-R260 0
RESOLUTION N0. 95—R26
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA APPROVING THE
BUSINESS/LEASE PURCHASE AND SETTLEMENT
AGREEMENT WITH JAVIER FERNANDEZ OF INTERESTS IN
CERTAIN REAL PROPERTY GENERALLY LOCATED AT 112
EAST FOOTHILL BOULEVARD (EL SARAPE BAR)
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES
RESOLVE AS FOLLOWS:
SECTION 1. The Community Redevelopment Agency ("Agency") of the City of Azusa does
hereby find, determine and declare as follows:
A. The Agency has received an offer to purchase the existing
Business/Lease and bar improvements located at 112 East Foothill Boulevard
('Property");
B. The Property is located in Azusa Central Business District
Redevelopment Project Area under the Redevelopment Plan of the City of Azusa;
C. The Agency desires to purchase, and the tenant desires to sell, the
Business/Lease on the terms and conditions and for the consideration as set forth in
a Business/Lease Purchase Agreement;
D. The Agency is not acquiring the Property by threat of condemnation
and is authorized to voluntarily acquire the Property for purposes of redevelopment
Pursuant to the provisions of the Community Redevelopment law (Health & Safety
Code §33391);
E. The Business/Lease Purchase of the Property is consistent with the
Redevelopment Plan for the Redevelopment Project Area. The Agency has
consulted the adopted Owner Participation Guidelines for the City of Azusa and has
proceeded in conformity thereto;
F. The purchase price of the Lease, as set forth in the Purchase and Sale
Agreement, represents the fair market value of the Property and the Agency will not
use Federal funds to acquire said property.
G. Under Relocation Law, a business is eligible to receive a maximum
$20,000 fixed relocation payment for a business who moves and discontinues that
business instead of moving expenses, direct business loss and searching for a
replacement business. The Agency has determined that the business cannot be
relocated without substantial loss of patronage and is not part of a chain commercial
establishment.
H. The above payment, etc. is for redevelopment purposes and furthers
the health, safety and general welfare of the residents of Azusa;
I. This agreement pertains to and affects the ability of the Agency to
finance its activities and carry out its statutory obligations and the goals of the
Redevelopment Plan. It is intended to be a contract within the meaning of
Government Code §53511; and
J. In taking this action, the Agency has considered the environmental
impact of its decision, and after careful study, has determined that this project is
categorically exempt under the provisions of the California Environmental Quality
Act, the California Environmental Quality Act Guidelines (Title 14 C.C.R. § 15301)
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and the City of Azusa's environmental procedures. The Agency, therefore, finds that
this project will have no significant effect on the environment.
SECTION 2. Based on all of the foregoing, the Community Redevelopment Agency of the
City of Azusa hereby approves that certain Business/Lease Purchase Agreement for the purchase of
business interests located at 112 East Foothill Boulevard in substantially the same form as the
agreement attached hereto as Exhibit "A" and incorporated herein by reference. The Agency further
authorizes the Chairperson of the Agency to execute said agreement in substantially the same form
as depicted on Exhibit "A".
SECTION 3. A copy of the Lease Purchase Agreement, executed by the Chairperson and
the Tenant of the Property shall be kept on file at City Hall. Staff is directed to do all that is
necessary to effectuate the intent of the Agreement and consummate the purchase of the Property.
SECTION 4. The Agency Secretary shall certify the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED THIS 1 st DAY OF May, 1995.
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 1 st day
of May, 1995, by the following vote of the Board:
AYES: BOARDMEMBERS: HARDISON,- MADRID, NARANJO,BEEBE,ALEXANDER
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
/Secretary/D�puty Secretary