HomeMy WebLinkAboutResolution No. 97-R240 0
RESOLUTION NO.97—R24
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING
AN OWNER PARTICIPATION AGREEMENT WITH CLIFTON M.
ROGERS AND LILLIE MAE ROGERS
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, determines and declares that:
A. The Redevelopment Agency of the City of Azusa (the "Agency") is engaged in
activities necessary to execute and implement the Redevelopment Plan for the Central Business District
Project Area ("Redevelopment Plan"); and
B. In order to implement the Redevelopment Plan, the Agency proposes to enter into an
Owner Participation Agreement (the "Agreement") with Clifton M. Rogers and Lillie Mae Rogers
(the 'Rogers"); and
C. The Agency and theRgers have negotiated the terms of the Agreement; and
D. The proposed Agreement contains all of the provisions, terms, conditions and
obligations required by state and local law.
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 mino r
changes as may he approved by the Executive Director of the Agency and Agency Counsel.
SECTION 3. The Chair 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.
SRC49579
D ADOPTED this 2nd day of June, 1997.
t H tt(hts r t hK t rr r mat the foregoing Resolution No. 9 7—R2 4 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 2nd day of June, 1997, by the following vote of the Agency:
AYES:
BOARDMEMBERS:
HARDISON, STANFORD, ROCHA, MADRID
APPROVED AS TO FORM:
BY: Z
Agency Counsel