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HomeMy WebLinkAboutResolution No. 96-R50 RESOLUTION NO. 96-R5 0 A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA AND THE BOARD MEMBERS OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING AMENDMENT NO. 3 TO THE DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AND AZUSA FOOTHILL PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP THE CITY COUNCIL OF THE CITY OF AZUSA AND THE BOARD OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DO HEREBY RESOLVE AS FOLLOWS: SECTION 1. The members of the City Council of the City of Azusa and the Board Members of the Redevelopment Agency of the City of Azusa hereby jointly find, determine and declare that: A. The Redevelopment Agency of the City of Azusa ("Agency") is engaged in activities necessary to execute and implement the Redevelopment Plan for the Central Business District Redevelopment Project ("Project"); and B. In order to implement the Redevelopment Plan, the Agency and the City, at a joint hearing held August 1, 1994, approved an amendment to the Disposition and Development Agreement between the Agency and HLC Const. Corp. to provide for the assumption of such agreement by Lee Group, Inc., and the modification of that agreement to provide for the sale of additional property and the construction of two additional homes; and a second amendment to the DDA ("Amendment No. 2") to provide for the assumption of the DDA by Azusa Foothill Partners, a California limited partnership ("Developer"), comprised of the Lee Group, Inc., as general partner and L.E. Duncan as the limited partner; and are now proposing amendment no. 3; and C. The Agency and Developer have negotiated the terms of Amendment No. 3; and D. Amendment No. 3 contains all the provisions, terms, conditions, and obligations required by state and local law; and E. The City and Agency have found Amendment No. 2 to be exempt pursuant to Section 15303 of Title 14 of the California Code of Regulations; and SECTION 2. The City and Agency hereby find and determine that Amendment No. 3 satisfies the categorical exemption found in Section 15303 of Title 14 of the Code of California Regulations, adopted pursuant to the California Environmental Quality Act. SECTION 3. Amendment No. 3 is hereby approved in substantially the form presented to the Council and the Board, together with such minor changes as may be approved by the City Administrator and the City Attorney. SECTION 4. The Mayor/Chairman is hereby authorized to execute Amendment No. 3 on behalf of the City and the Agency and to take all action necessary to carry out Amendment No. 3. rc m\Icwmdl,cs • 0 SECTION 5. The City Clerk/Secretary shall certify to the passage and adoption of this Resolution and the same shall thereupon take effect and be in force. PASSED, APPROVED AND ADOPTED this 5th day of February, 1996. Mayo /Chairman I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City of Azusa and the Redevelopment Agency of the City of Azusa, at a joint meeting thereof, held on the 5th day of February, 1996 by the following vote of the Council and the Board: AYES: COUNCILMEMBERS/BOARDMEMBERS: Rirdis�n,Madrid,Naranjo,Beebe, exan er NOES: COUNCILMEMBERS/BOARDMEMBERS: None ABSENT: COUNCILMEMBERS/BOARDMEMBERS: None resos\Iccamd1res 2