HomeMy WebLinkAboutResolution No. 96-R280 0
RESOLUTION NO. 96—R28
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING A LOAN AGREEMENT
WITH JAR ASSOCIATIONS FOR THE DEMOLITION OF
BLIGHTED STRUCTURES AT 330 N. FENIMORE IN THE
CITY OF AZUSA
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 center located
at 330 N. Fenimore in the City of Azusa ("Project").
B. The Project was originally developed as a commercial shopping center and
evidences deterioration due to poor maintenance.
C. The City Council of the City of Azusa has taken action to cause the
demolition of the abandoned and blighted Project.
D. JAR Associates intends to demolish the Project in accord with a Scope of
Project approved by the Agency.
E. The Agency proposes a loan for the cost of the demolition project.
F. The assistance provided herein accelerates the demolition at a lower initial
outlay than if the City of Azusa were to proceed under an Order of Abatement and is a permitted
use of the Agency's fund.
G. The project benefits the community 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 Loan Agreement with JAR Associates for the demolition of structures
at 330 N. Fenimore. The Agreement shall be executed in substantially the same form as attached
hereto as Exhibit A.
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SECTION 3. The Secretary shall certify to the adoption of this Resolution.
PASSED, ADOPTED AND APPROVED THIS 1st
Julv .1996.
Chairman
DAY OF
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
1st day of July 1996 by the following vote, to wit:
AYES: DIRECTORS: HARDISON, MADRID, NARANJO, ::. ,._.
NOES: DIRECTORS: ALEXANDER, BEEBE
ABSENT: DIRECTORS: NONE
ABSTAIN: DIRECTORS: ONE
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