HomeMy WebLinkAboutResolution No. 97-R420 0
RESOLUTION NO. 97-R42
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA BOARD OF DIRECTORS AUTHORIZING THE REDEVELOPMENT
AGENCY TO ENTER INTO AN EXCLUSIVE AUTHORIZATION OF SALE
AND LEASE AGREEMENT WITH MARTINDALE COMMERCIAL REAL
ESTATE COMPANY REGARDING THE 444 NORTH AZUSA AVENUE
PROPERTY IN THE CENTRAL BUSINESS DISTRICT PROJECT
WHEREAS, the Redevelopment Agency of the City of Azusa (the "Agency") is a duly
constituted public body, corporate and politic, established pursuant to the Community Redevelopment
Law of the State of California (Section 33000 et. sec of the State Health and Safety Code); and
WHEREAS, pursuant to Article 7, Section 33390 et. seg. of the State Health and Safety Code,
the Redevelopment Agency of the City of Azusa, on June 16, 1986, acquired the property at 444 North
Azusa Avenue, Azusa; and
WHEREAS, pursuant to Article 11, Section 33430, the Redevelopment agency may dispose of
the property only after certain analysis and public hearing.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the Redevelopment
Agency of the City of Azusa take the following actions:
SECTION 1. Authorize the Redevelopment Agency to enter into a six month Exclusive
Authorization of Sale and Lease Agreement with Martindale Commercial Real Estate Company to
market the 444 North Azusa Avenue property.
SECTION 2. The Executive Director is herewith authorized to execute the Exclusive
Authorization of Sale and Lease Agreement.
SECTION 3. The Agency Secretary shall certify the adoption of this resolution.
PASSED AND APPROVED this 2nd day of September , 1997.
Cristina Cruz Madrid/ Chariperson
(see sgnature below)
I HEREBY CERTIFY that the foregoing Resolution was duly passed, approved, and adopted
by the Board of Directors of the Redevelopment Agency of the City of Azusa, at a regular meeting of
said Board held on the2nd day of Septemb4997 by the following vote of the Board:
AYES: BOARDMEMBERS: HARDISON,
NOES: BOARDMEMBERS: NONE
ABSTAIN: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
AChairpergb7i"
STANFORD, ROCHA, BEEBE, MADRID
Z J/ j ",
edret r, "