HomeMy WebLinkAboutResolution No. 97-R3RESOLUTION NO. 97-R3
A RESOLUTION OF THE AZUSA REDEVELOPMENT
AGENCY BOARD OF DIRECTORS APPROVING AN
AMENDMENT TO THE OWNER PARTICIPATION
AGREEMENT BETWEEN THE AGENCY AND PRICE
REAL ESTATE, INCORPORATED, FOR CERTAIN
PROPERTY LOCATED AT 1120 WEST FOOTHILL
BOULEVARD
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 West End 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 Amendment to the Owner Participation Agreement by and
between the Redevelopment Agency of the City of Azusa and Price Real Estate, Incorporated,
dated as of January 31, 1997, is hereby approved and the Chairman 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 this 21st day of anua 1997.
Cha man
I HEREBY CERTIFY that the foregoing Resolution 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 21st day of January , 1997 by the following vote of the Board:
AYES:
NOES:
ABSENT:
Secretary
DIRECTORS: Hardison, Beebe, Alexander
DIRECTORS: None
DIRECTORS: Madrid,Naranjo