HomeMy WebLinkAboutResolution No. 98-R16RESOLUTION NO.98—R16
A RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY BOARD OF
DIRECTORS APPROVING AN EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT
BETWEEN THE AGENCY AND LAKE DEVELOPMENT GROUP, INC., FOR
CERTAIN PROPERTY LOCATED AT THE NORTHWEST CORNER OF FOOTHILL
BLVD. AND AZUSA AVENUE, 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 Lake Development Group, Inc., dated as of
March 16, 9 9 a, 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 16thday of March , 1998.
HEREBY CERTIFY that the foregoing Resolution No. 98—R16 was duly
adopted by the City Council of the City of Azusa, at a regular meeting thereof, held on the 16th
day of March , 1998, by the following vote of the Board.
AYES: DIRECTORS: HARDISON, STANFORD, ROCHA, BEEBE, MADRID
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
APPROVED AS TO FORM:
By: /\
Agency Counsel
Re9o9\riteaid.398