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HomeMy WebLinkAboutResolution No. 04-R290 0 RESOLUTION NO. 04-R29 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT WITH 100 WEST FOOTHILL BLVD, LLC WHEREAS, pursuant to Ordinance Number 2062 adopted on September 18, 1978, the City Council of the City of Azusa ("City") approved and adopted a redevelopment plan ("Redevelopment Plan") for the Central Business District Project Area ("Project Area"); and WHEREAS, the Redevelopment Agency of the City of Azusa ("Agency") is engaged in activities to execute and implement the Redevelopment Plan for the Project Area pursuant to the provisions of California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) ("CRL"); and WHEREAS, Agency owns certain real property located within the Project Area generally described as 100 W. Foothill Blvd., Azusa, California, commonly identified as Los Angeles County Assessor's Parcel Number 8611-004-034 ("Property"); and WHEREAS, 100 West Foothill Boulevard, LLC ("Developer") desires to develop a retail development on the Property ("Project"); and WHEREAS, the Agency has determined that the development of the Project on the Property will assist the community in eliminating and preventing conditions of blight on the Property and prevent the spread of conditions of blight into other areas of the community; and WHEREAS, Agency staff and Developer have negotiated the terms of a proposed Disposition and Development Agreement ("DDA") that provides for, among other things: (i) the Agency's conveyance of the Property to the Developer for a purchase price that is $500,000, and (ii) the Developer's acquisition of the Property from the Agency and development of the Project on the Property, pursuant to the terms and conditions of the DDA; and WHEREAS, a copy of the DDA is with the City Clerk and has been on file at the Agency's office, and available to the public for inspection; and WHEREAS, CRL Section 33430 authorizes the Agency to sell real property it owns or acquires for redevelopment purposes and the DDA is consistent with the intent and purpose of CRL Section 33430; and WHEREAS, CRL Section 33431 requires the Agency to hold a duly noticed public hearing before any potential sale of real property pursuant to CRL Section 33430, without public bidding; and WHEREAS, on November 15, 2004, the Agency held a duly noticed public hearing to consider the approval of the DDA; and 083365.1 0 0 WHEREAS, pursuant to CRL Section 33433, the Agency has prepared a summary report ("Report") setting forth, among other things, the cost of the DDA to the Agency, and the Report is with the City Clerk and has been on file at the Agency's office and available to the public for inspection, in accordance with CRL Section 33433; and WHEREAS, approval of the Agreement and the conveyance are categorically exempt from the California Environmental Quality Act ("CEQA") under State CEQA Guidelines Section 15302 because the Project consists of the reconstruction of existing structures and facilities with a new structure of substantially the same size, purpose and capacity; and WHEREAS, pursuant to the foregoing, the City, as a responsible agency under CEQA, has determined that a Notice of Exemption for sale of the Property should be filed pursuant to CEQA, the State CEQA Guidelines and the Agency's Local CEQA Guidelines. WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of Azusa, as follows: Section 1. All of the recitals set forth above are true and correct. Section 2. The City Council of the City hereby directs City staff to file a Notice of Exemption with the County Clerk of Los Angeles County within five (5) calendar days following approval of this Resolution. Section 3. The Agency hereby approves the DDA in the form submitted to the Agency at the public hearing at which this Resolution is adopted and as on file with the City Clerk. Section 4. The Agency hereby authorizes and directs the Executive Director of the Agency to: (i) execute and deliver the DDA, subject to such non -substantive modifications to the DDA as the Executive Director of the Agency deems necessary and appropriate and (ii) to execute and deliver such other documents and instruments as may be reasonably necessary or convenient to implement or carry out the Agency's obligations under the DDA. Section 5. This Resolution shall take effect immediately upon its adoption. 683365.1 0 0 PASSED, APPROVED AND ADOPTED this 15th day of ATTEST: A ency Secretary City of Azusa Approved AS TO LEGAL FORM BEST BEST & KRIEGER LLP Agency Counsel Redevelopment Agency of the City of Azusa r. 2004. Redevelopment Agency of the City of Azusa I, Vera Mendoza, Agency Secretary of the Redevelopment Agency of the City of Azusa, do hereby certify that the foregoing Resolution No. 04-R29 was passed and adopted by the Governing Board of the Redevelopment Agency of the City of Azusa at a regular meeting thereof, held on the 15th day of November, 2004, by the following vote of the Board: AYES: BOARDMEMBERS: HARDISON, STANFORD, CHAGNON NOES: BOARDMEMBERS: ROCHA, MADRID ABSENT: BOARDMEMBERS:NONE City of Azusa 683305.1