HomeMy WebLinkAboutResolution No. 03-R380 0
RESOLUTION NO. 03-R38
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF AZUSA APPROVING THE DISPOSITION AND DEVELOPMENT
AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA AND SY DEVELOPMENT, A NEVADA
CORPORATION
WHEREAS, the Redevelopment Agency of the City of Azusa ("Agency") is
engaged in activities necessary to execute and implement the redevelopment plan
("Redevelopment Plan") for the Merged Central Business District/ West End Project Area
("Project Area");
WHEREAS, the Agency is the owner of certain real property ("Property")
located within the Project Area which consists of approximately 7,000 square feet and is
improved with an existing 7,200 square foot, two-story brick building, and is more particularly
described within the Agreement (defined below);
WHEREAS, the Property is located within the Project Area;
WHEREAS, the Agency and SY Development ('Developer") have negotiated the
terms of a Disposition and Development Agreement ("Agreement") which provides, among other
things, for the sale by the Agency to Developer of the Property and the Developer's
rehabilitation of existing improvements as well as Developer's construction of certain
improvements on and adjacent to the Property, as more particularly described in the Agreement
("Project");
WHEREAS, Section 33430 of the California Community Redevelopment Law
(Health & Safety Code 33000, et seq.) ("CRL") authorizes the Agency to sell or lease real
property for redevelopment purposes;
WHEREAS, CRL Sections 33431 and 33433 require the Agency to hold a public
hearing before making any sale pursuant to CRL Section 33430 without public bidding;
WHEREAS, pursuant to CRL Section 33433, the Agency has prepared a
summary report setting forth, among other things, the cost of the Agreement to the Agency and
has made said report available for public inspection in accordance with the CRL;
WHEREAS, pursuant to CRL Section 33433, the City Council of the City of
Azusa ("City Council") must adopt a resolution making certain findings after a duly noticed,
public hearing has been held to consider the approval of the proposed Agreement;
WHEREAS, pursuant to CRL Section 33433, the Agency and City have held a
duly noticed public hearing concerning the approval of the proposed Agreement and the sale of
the Property; and
WHEREAS, the Agency staff has determined pursuant to the California
Environmental Quality Act ("CEQA") and State CEQA Guidelines, that the Agreement will not
have a significant effect on the environment and that the Mitigated Negative Declaration to be
adopted on October 20, 2003 by the Agency as lead agency adequately addresses the
environmental impact of the Project.
NOW THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA, CALIFORNIA DOES RESOLVE AS FOLLOWS:
Section I. The Agency approves the Agreement in substantially the form presented to the
Agency, a copy of which is on file with the Agency Secretary.
Section 2. The Agency Executive Director is authorized to execute the Agreement on behalf
of the Agency, together with such non -substantive changes and amendments as may be approved
by the Agency Executive Director and Agency Counsel. The Agency Executive Director is
authorized to take any action and execute any and all documents and agreements necessary to
implement the Agreement.
Exhibit "B"
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Section 3. The Agency, as the lead agency under CEQA, directs Agency staff to file a Notice
of Determination with the County Clerk of Los Angeles County within three (3) working days
following the approval of this resolution.
Section 4. This resolution shall take effect immediately upon its adoption.
AND ADOPTED this 20th day of October, 2003.
I HEREBY CERTIFY that the foregoing Resolution was duly adopted at a
meeting of the Redevelopment Agency of the City of Azusa, at a regular meeting thereof, held
on the 21 thday of October, 2003, by the following vote of the Agency Board of Directors.
AYES: BOARD MEMBERS: HARDISON, STANFORD, CHAGNON, ROCHA, MADRID
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: NONE
Secretary
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