HomeMy WebLinkAboutResolution No. 96-R440 0
RESOLUTION NO. 96-R44
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING
A FIRST AMENDMENT TO OWNER PARTICIPATION AGREEMENT
BY AND AMONG THE REDEVELOPMENT AGENCY OF THE CITY
OF AZUSA, RON SEIDNER, ED SEIDNER AND SEIDNER
ENTERPRISES, INC., DBA BERT'S MOTORCYCLES
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, determine and declare 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 West End Project
Area ("Redevelopment Plan"); and
B. In order to implement the Redevelopment Plan, the Agency entered into an Owner
Participation Agreement (the "OPA") with Ron Seidner, Ed Seidner and Seidner Enterprises Inc.,
dba Bert's Motorcycles (collectively "Participant") on April 3, 1995. The OPA was executed by
the Agency and Participant on April 11, 1995; and
C. Participant and Agency desire to amend certain provisions of the OPA and the
related Lease and Sublease Agreements in order to permit Participant to make improvements to
Participant's property at 900 West Foothill Boulevard and the Agency's property at 1000 West
Foothill Boulevard, Azusa, California and use Agency assistance to finance such improvements;
and
D. Agency Counsel has prepared a First Amendment to Owner Participation
Agreement ("Agreement") which contains the terms and conditions of the amendment of the OPA;
and
E. In adopting and approving the Agreement, the Agency shall rely on i) the negative
declaration which was previously adopted in connection with the Agency's approval of the OPA
and ii) that certain Environmental Impact Report certified by the Azusa City Council for the West
End Redevelopment 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 minor changes as may be approved by 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.
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PASSED, APPROVED AND ADOPTED this 3rd day of September, 1996.
Chairman
I HEREBY CERTIFY that the foregoing Resolution No. 96—R44 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 3rd day of September, 1996, by the following vote of the Council.
AYES: BOARD MEMBERS: HARDISON,
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: NONE
APPROVED AS TO FORM:
By; 0, I4tia
Agency Counsel
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MADRID, NARANJO, BEEBE ALEXANDER