HomeMy WebLinkAboutResolution No. 97-R360 0
RESOLUTION NO. 97—R36
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING THE FIRST
AMENDMENT TO THE PURCHASE AND SALE
AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY
OF THE CITY OF AZUSA AND NATHAN S. KREMS.
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
hereby finds, determines and declares that:
A. The Redevelopment Agency of the City of Azusa ("Agency") approved a Purchase and
Sale Agreement with Nathan S. Krems and Alan Schulman as Trustee under the will of Helen G.
Krems ("Seller") on September 16, 1996.
B. Seller was required under said Agreement to obtain a tank closure letter from
appropriate regulatory agencies and has obtained such letter; and
C. Upon completion of the required vapor extraction program for the site, the regulatory
agencies require abandonment of the wells involved; and
D. The Agency desires to keep four of the wells used for future purposes and has
requested that seller preserve these wells; and
E. As a condition of such preservation, Seller has requested that the Agency indemnify
Awllwe from any liability related to new toxic contamination introduced through these wells; and
F. The Agency will accept responsibility for contamination which occurs as a direct result
of its operation and maintenance of the wells, but the Seller will remain liable in all other aspects in
accord with the terms of the Purchase and Sale Agreement.
SECTION 2. The Agency hereby finds and declares that the proposed Agreement is necessary
to preserve the Agency's ability to conduct additional testing on the property or to allow prospective
purchasers to conduct their own testing and will result in economic savings.
SECTION 3. The Executive Director is hereby authorized to execute said Agreement on
behalf of the Agency and to take all action necessary to carry out said Agreement.
SECTION 4. The 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 4th day of August 1997.
Chairperson
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by Board of Directors
of the Redevelopment Agency of the City of Azusa, at a regular meeting thereof, held on the 4th
day of August 1997, by the following vote of the Board:
AYES: BOARDMEMBERS: HARDISON, STANFORD, ROCHA, BEEBE, MADRID
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
Secretary
Rem�S7