HomeMy WebLinkAboutResolution No. 97-R480 0
RESOLUTION NO. 97—R48
A RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY BOARD OF
DIRECTORS APPROVING A FIRST AMENDMENT TO THE EXCLUSIVE
RIGHT TO NEGOTIATE AGREEMENT BETWEEN THE AGENCY AND
SOUTHLAND LAND CORPORATION, FOR CERTAIN PROPERTY
LOCATED AT DOWNTOWN BLOCK 36 AT THE SOUTHEAST CORNER
OF AZUSA AVENUE AND FOOTHILL BOULEVARD, 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; and
WHERAS, the Agency entered into an Exclusive Right to Negotiate Agreement with
Southland Land Corporation on May 5, 1997;
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 First Amendment to the Exclusive Negotiation Agreement by and
between the Redevelopment agency of the City of Azusa and Southland Land Corporation, 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.
PASSED, APPROVED AND ADOPTED this6th.day of October, 1997.
ai r on
I HEREBY CERTIFY that the foregoing Resolution No. 97—R48 was duly
adopted by the City Council of the City of Azusa, at a regular meeting thereof, held on the 6th
day of Ocotber , 1997, by the following vote of the Board.
AYES:
NOES:
DIRECTORS:HARDISON,
DIRECTORS: NONE
APPROVED AS TO FORM:
By:—ZA� . aWX 1 '0=
City Attorney
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STANFORD, ROCHA, BEEBE, MADRID