HomeMy WebLinkAboutResolution No. 96-R120 0
RESOLUTION NO. 96-R12
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.
PASSED, APPROVED AND ADOPTED this 18thday of March , 1996.
Chairman
SRC53196
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I HEREBY CERTIFY that the foregoing Resolution No. 96—R12 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 181 1 day of March 1996, by the following vote of the Agency Board.
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
APPROVED AS TO FORM:
By: &Npke
gency Counsel
SRC53196
HARDISON, MADRID, NARANJO, BEEBE, ALEXANDER
NONE
NONE