HomeMy WebLinkAboutResolution No. 98-R80
RESOLUTION NO. 98—R8
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A RESOLUTION OF THE AZUSA REDEVELOPMENT
AGENCY BOARD OF DIRECTORS APPROVING THE
SECOND AMENDMENT TO THE OWNER PARTICIPATION
AGREEMENT BETWEEN THE AGENCY AND PRICE
ENTERPRISES, INC. 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; and
WHEREAS, the Agency is relying on the Program Environmental Impact Report for the
West End Redevelopment Project adopted November 1983 and the Environmental Impact Report
for the Merged Project Area adopted November 1988 in consideration of the Second Amendment
to the Owner Participation Agreement between the Redevelopment Agency of the City of Azusa
and Price Enterprises.
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 Second Amendment to the Owner Participation Agreement by
and between the Redevelopment Agency of the City of Azusa and Price Enterprises, Inc., 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 2nd day of February, 1998.
1 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 2nd day of Feb. , 1998 by the following vote of the Board:
AYES:
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Secretary
NONE
ISON, STANFORD, ROCHA, BEEBE, MADRID