HomeMy WebLinkAboutResolution No. 06-R490
RESOLUTION NO. 06-R49
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A RESOLUTION OF THE GOVERNING BOARD OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA,
CALIFORNIA, APPROVING A STATUTORY DEVELOPMENT
AGREEMENT AND OWNER PARTICIPATION AGREEMENT BY
AND BETWEEN THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA, THE CITY OF AZUSA AND JAR —
UNIVERSITY COMMONS, LLC, FOR THE MERGED CENTRAL
BUSINESS DISTRICT REDEVELOPMENT PROJECT
WHEREAS, pursuant to the California Community Redevelopment Law (Health and
Safety Code Sections 33000, et seq.) ("CRL"), the City Council ("City Council") of the City of
Azusa ("City") has approved and adopted a redevelopment plan ("Redevelopment Plan") for the
Merged Central Business District Redevelopment Project Area ("Project Area"); and
WHEREAS, the Governing Board ("Board") of the Redevelopment Agency of the City
of Azusa ("Agency") has adopted an implementation plan. for the Redevelopment Plan
("Implementation Plan") and is engaged in activities necessary to execute and implement the
Redevelopment Plan pursuant to the CRL; and
WHEREAS, JAR — University Commons, LLC ("Developer") owns certain real
property within the Project Area ("Property"), more particularly described in that certain
"Statutory Development Agreement and Owner Participation Agreement" a copy of which is on
file with the City Clerk and available for public inspection (the "Agreement"); and
WHEREAS, pursuant to the CRL and the Redevelopment Plan, the Agency and the
Developer desire to enter into the owner participation provisions of the Agreement; and
WHEREAS, the development project described in the Agreement will provide for the
redevelopment of the Property and will,be of benefit to the Project Area, all in conformance with
the Redevelopment Plan and the Implementation Plan; and
WHEREAS, the Board evaluated the environmental impacts associated with the
Agency's adoption of the Agreement under the California Environmental Quality Act, and the
Board determined that the Agreement, with implementation of viable mitigation measures, will
not have any significant environmental impacts. The Board adopted a Mitigated Negative
Declaration for the project that is the subject of the Agreement on December 4, 2006; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, THE GOVERNING BOARD OF THE REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA, CALIFORNIA, DOES RESOLVE AS FOLLOWS:
Section 1. The Board approves the Agreement in substantially the form on file with
the City Clerk.
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Section 2. As mitigated, pursuant to the Mitigated Negative Declaration, the Project
will not result in any significant adverse environmental impacts.
Section 3. The location and custodianship of the documents.and any other material
that constitutes the record of proceedings regarding the adoption of this
Resolution by the Board is as follows: Secretary to the Board,
Redevelopment Agency of the City of Azusa, 213 E. Foothill Blvd.,
Azusa, California, phone: (626) 812-5299.
Section 4. This Resolution shall take effect immediately upon its adoption.
Section 5. The Chairperson shall sign this Resolution and the Agency Secretary shall
attest and certify to the passage and adoption of this Resolution.
PASSED AND ADOPTED this 4'h day of December, 2006.
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Chairperson
AT
Secretary
I HEREBY CERTIFY that the foregoing Resolution No. 06-R49, was duly passed,
approved and adopted at a regular meeting of the Redevelopment Agency of the City of Azusa,
held on the 4fl' day of December, 2006, by the following vote of the Agency Board of Directors:
Secretary
APPROVED AS TO FORM:
Agency Counsel
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