HomeMy WebLinkAboutResolution No. 97-R600
RESOLUTION NO. 97—R60
A RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY BOARD OF
DIRECTORS APPROVING AN EXCLUSIVE RIGHT TO NEGOTIATE
AGREEMENT BETWEEN THE AGENCY AND ABELL-HELOU GENERAL
PARTNERSHIP, FOR CERTAIN PROPERTY LOCATED AT
619-621 NORTH AZUSA AVENUE, AZUSA
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA DOES HEREBY RESOLVE AS FOLLOWS:
WHEREAS, the Agency is authorized by the Community Redevelopment Law and other
applicable law to undertake redevelopment projects in order to best accomplish the purposes and
goals of the redevelopment plans for various project areas;
WHEREAS, the Agency desires to redevelop the property set forth in the agreement as
attached in order to best accomplish the goals and purposes of the Central Business District
Redevelopment Plan and the developer desires to redevelop said property;
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of the
Redevelopment Agency of the City of Azusa as follows:
SECTION 1. That certain Exclusive Negotiation Agreement by and between the
Redevelopment Agency. of the City of Azusa and Abell-Helou General Partnership, dated as of
December 1st , 1997, is hereby approved and the Chairperson of the Agency is hereby
authorized to sign and execute said Agreement on behalf of the Agency in substantially the form as
attached hereto and incorporated herein by reference.
SECTION 2. The Secretary shall certify the adoption of this Resolution.
this 1st day of December, 1997.
I HEREBY CERTIFY that the foregoing Resolution No. 97—R60 was duly
adopted by the City Council of the City of Azusa, at a regular meeting thereof, held on the 1st
day of December, 1997, by the following vote of the Board.
AYES: DIRECTORS: HARDISON, STANFORD, ROCHA, MADRID
NOES: DIRECTORS: BEEBE
ABSENT: DIRECTORS: ,NONE
APPROVED AS TO FORM:
By: Amo-llff
Agency Counsel
Resos\abelhelou.97