HomeMy WebLinkAboutResolution No. 98-R690 0
RESOLUTION NO. 98—R69
A RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY BOARD OF
DIRECTORS APPROVING AN EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT
BETWEEN THE AGENCY AND AZUSA PACIFIC UNIVERSITY FOR CERTAIN
PROPERTY LOCATED AT 575-647 EAST FOOTHILL BOULEVARD, AZUSA
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 Central Business District
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 Exclusive Negotiation Agreement by and between the
Redevelopment Agency of the City of Azusa and Azusa Pacific University, dated as of November
2, 1998, is hereby approved and the Chairperson 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.
) ADOPTED this 2nd day of November, 1998.
HEREBY CERTIFY that the foregoing Resolution.No.98—R69 was duly
adopted by the City Council of the City of Azusa, at a regular meeting thereof, held on the 2nd
day of November, 1998, by the following vote of the Board.
AYES:
DIRECTORS:
NOES:
DIRECTORS:
ABSENT:
DIRECTORS:
ABSTAIN:
DIRECTORS:
Agency Deputy Secretary
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By:
/ Agency Counsel
Re906/APUERN.1196
HARDISON, ROCHA, BEEBE, MADRID
NONE
NONE
STANFORD