HomeMy WebLinkAboutResolution No. 98-R750 0
RESOLUTION NO. 98-R75
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF AZUSA APPROVING AN OWNER
PARTICIPATION AGREEMENT WITH MICHAEL E.
POWERS AND ASSOCIATES, A LIMITED LIABILITY
COMPANY, FOR THE EXTERIOR IMPROVEMENT OF
916-918 WEST FOOTHILL BOULEVARD
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. The Redevelopment Agency of the City of Azusa does hereby find,
determine and declare as follows:
A. The subject of this Owner Participation Agreement is the exterior
improvement of a 5,000 square foot building in the West End Redevelopment Project Area at 916-
918 West Foothill Boulevard.
B. The subject property exhibits some building neglect and undermilization.
C. The Agency desires to provide assistance to Michael E. Powers and
Associates, furniture and interiors, in order to create a new business, and upgrade the aesthetic
image of this portion of the West End Redevelopment Project Area.
D. The provision of assistance is for redevelopment purposes for the benefit
of an existing redevelopment project area and furthers the health, safety and welfare of the
residents of Azusa.
E. This Agreement pertains to and effects the ability of the Agency to finance
its activities and carry out its statutory obligations and the goals of the West End Redevelopment
Plan. It is intended to be a contract within the meaning of Government Code Section 53511.
F. In taking this decision, the Agency has considered the environmental impact
of its decision, and after careful study, has determined that this project does not contribute any
additional environmental impacts beyond those contemplated in the Environmental Impact Report
certified for the West End Project Area. The subject EIR's identify various mitigation measures
which all projects must adopt and this project shall be subject to these standard measures. The
Agency therefore finds that this project will not have a significant impact upon the environment.
SECTION 2. Based on the foregoing, the Redevelopment Agency of the City of Azusa
hereby approves that certain Owner Participation Agreement with Michael E. Powers and
Associates in substantially the same form as attached hereto as Exhibit A and incorporated herein
by reference. The Agency further authorizes the Chairperson to execute said Agreement in
substantially the same form as depicted on Exhibit A.
SECTION 3. The Secretary shall certify to the adoption of this Resolution.
PASSED, ADOPTED AND APPROVED THIS 21st DAY OF
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I HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Community Redevelopment Agency of the City of Azusa at a regular meeting thereof held on the
21st day of December , 1998 by the following vote, to wit:
AYES: DIRECTORS: ROCHA, BEEBE, HARDISON, STANFORD, MADRID
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
ABSTAIN: DIRECTORS: NONE
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