HomeMy WebLinkAboutResolution No. 96-R509
RESOLUTION NO. 96-R50
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A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING A PURCHASE AND SALE AGREEMENT WITH
NATHAN S. KREMS AND ALAN D. SHULMAN AS TRUSTEE
UNDER THE WILL OF HELEN GERTRUDE KREMS, DECEASED
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
does hereby find, determines and declares that:
A. The Redevelopment Agency of the City of Azusa (the "Agency") is engaged in
activities necessary to execute and implement the Redevelopment Plan for the Central Business
District Project Area ("Redevelopment Plan"); and
B. In order to implement the Redevelopment Plan, the Agency proposes to enter into
a Purchase and Sale Agreement (the "Agreement") with Nathan S. Krems and Alan D. Shulman
as Trustee under the Will of Helen Gertrude Krems, Deceased (collectively, "Krems"), to acquire
that real property located at 587 through 647 East Foothill Boulevard (the "Property"); and
C. The Agency and Krems have negotiated the terms of the Agreement; and
D. The proposed Agreement contains all of the provisions, terms, conditions and
obligations required by state and local law; and
E. In approving the Agreement, the Agency shall rely upon that certain Environmental
Impact Report approved and certified by the Azusa City Council for the Central Business District
Project Area.
SECTION 2. The Agency hereby approves the Agreement in substantially the form
presented to the Board of Directors, a copy of which is attached hereto as Exhibit "A," together
with such changes and substantive amendments as may be approved by both the Executive
Director of the Agency and Agency Counsel.
SECTION 3. The Chairman of the Agency is hereby authorized to execute the Agreement
on behalf of the Agency and to take all action necessary to carry out the Agreement.
SECTION 4. The Secretary shall certify the passage and adoption of this Resolution and
the same shall thereupon take effect and be in force.
PASSED, APPROVED AND ADOPTED this 16 day of September , 1996.
Chairman Pro -,tem
I HEREBY CERTIFY that the foregoing Resolution No. 96-R50 was duly
adopted by the Board of Directors of the Redevelopment Agency of the City of Azusa, at a regula r
meeting thereof, held on the 16th day of September 1996, by the following vote of the
Board.
ONT\SRC\58758
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AYES: BOARDMEMBERS:
NOES: BOARDMEMBERS:
ABSENT: BOARDMEMBERS:
APPROVED AS TO FORM:
By:
Agency Counsel
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HARDISON, MADRID, NARNAJO, BEEBE
NONE
ALEXANDER
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