HomeMy WebLinkAboutResolution No. 05-R29RESOLUTION NO. 05-R29
A RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY BOARD OF DIRECTORS
APPROVING AN EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT BETWEEN THE
AGENCY AND JFH RETAIL DEVELOPMENT PARTNERS, LLC FOR CERTAIN PROPERTY
LOCATED ON THE NORTHEAST CORNER OF AZUSA AVENUE AND ARROW HIGHWAY
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 project 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
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 JFH Retail Development Partners,
LLC, dated as of August 15, 2005 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.
PASSED, APPROVED AND ADOPTED this 15" Day of August,2005
Chairperson %J
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I HEREBY CERTIFY that the foregoing Resolution No. 05-R29 was duly
adopted by the City Council of the City of Azusa, at a regular meeting hereof, held on
the 15`h day of August, 2005, by the following vote of the Board.
AYES:
NOES:
ABSENT
DIRECTORS: HARDISON, CARRILLO, ROCHA, HANKS, CHAGNON
DIRECTORS: NONE
DIRECTORS: NONE
APPROVED AS TO FORM:
By:TLa I R. L.4�►4i7�'^
City Attorney