HomeMy WebLinkAboutResolution No. 95-R110 0
RESOLUTION NO. 95-R11
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING AN OWNER
PARTICIPATION AGREEMENT WITH ARMANDO AND
ERNESTINE VARGAS FOR THE REHABILITATION OF
THE 502 EAST FOOTHILL PROPERTY
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. The Redevelopment Agency of the City of Azusa does hereby find, determine
and declare as follows:
A. The subject of this Agreement is an existing vacant commercial project.
B. The Site was originally developed as a Firestone Tire facility and evidences
deterioration due to poor maintenance.
C. Current occupancy rates are depressed due to the deteriorated condition of the
project and neighborhood decay.
D. Armando and Ernestine Vargas intend to rehabilitate the property in accord
with a Scope of Development approved by the Agency.
E. The Agency proposes commercial relocation funds for the cost of
rehabilitating the project.
F. The assistance provided herein improves the economic and physical
appearance of the neighborhood in the community and is a permitted use of the Agency's fund.
G. The project benefits the project area and furthers the health, safety, and
welfare of the residents of Azusa.
H. In taking this action, the Agency has considered the environmental impacts of its
decision, and after careful study, has determined that this project is categorically exempt of the
provisions of the California Environmental Quality Act and the City of Azusa's environmental
procedures. The Agency therefore finds that this project will not have a significant impact upon the
environment.
SECTION 2. Based on the foregoing, the Redevelopment Agency of the City of Azusa
hereby approves that certain Owner Participation Agreement with Armando and Ernestine Vargas
for the rehabilitation of the 502 East Foothill Boulevard project. The Agreement shall be executed
in substantially the same form as attached hereto as Exhibit A.
SECTION 3. The Secretary shall certify to the adoption of this Resolution.
PASSED, ADOPTED AND APPROVED THIS 21st DAY OF
February 1995.
1 J
Chairman
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Community Redevelopment Agency of the City of Azusa at a regular meeting thereof held on the
21st day of February , 1995 by the following vote, to wit:
AYES: DIRECTORS: HARDISON, NARANJO, BEEBE, ALEXANDER
NOES: DIRECTORS: MADRID,
ABSENT: DIRECTORS: NONE
ABSTgIN: DIRECTORS: NONE
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