HomeMy WebLinkAboutResolution No. 96-R19ARESOLUTION NO. 96-R19A
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING
A THIRD AMENDMENT TO DISPOSITION AND DEVELOPMENT
AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA AND AZUSA HERITAGE, L.P.
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 ("Agency") is engaged in activities
necessary to execute and implement the Redevelopment Plan for the Central Business District
(`Redevelopment Plan"); and
B. In order to implement the Redevelopment Plan, the Agency entered into that certain
Disposition and Development Agreement ("DDA") ,dated June 7, 1994, with Azusa Heritage, L.P.
("Developer"), . The DDA has been amended twice, once on October 19, 1994, and again on
February 5,1996; and
C. Developer and Agency desire to amend certain provisions of the DDA in order to
reduce the number of Restricted Units (as defined in the DDA) from 13 to 12; and
D. Agency Counsel has prepared that certain Amendment No. 3 to Disposition and
Development Agreement ("Agreement"), which contains the terms and conditions of the amendment
of the DDA; and
E. In adopting and approving the Agreement, the Agency is relying on i) the negative
declaration which was previously adopted in connection with the Agency's approval of the DDA 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 Executive Director 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 2Othday of May 1996.
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I HEREBY CERTIFY that the foregoing Resolution No. 96—R19 A 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? 0 day of May 1996, by the following vote of the Board.
AYES: BOARD MEMBERS: HARDISON, MADRID, NARANJO, BEEBE
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: NONE
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BOARDMEMEBER : ALEXANDER
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Secrg ry/Deputy SecretaYy
APPROVED AS TO FORM:
By:
Agency Counsel
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