HomeMy WebLinkAboutResolution No. 08-R490
RESOLUTION NO. 08-R49
A RESOLUTION OF THE GOVERNING BOARD OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA,
CALIFORNIA, APPROVING A DISPOSITION AND
DEVELOPMENT AGREEMENT BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AND TARGET CORPORATION
WHEREAS, pursuant to the California Community Redevelopment Law (Health &
Safety Code Sections 33000, et seg.) ("CRL"), the City Council of the City of Azusa ("City")
approved and adopted a Redevelopment Plan ("Redevelopment Plan") for the redevelopment
Project Area known as the Merged Central Business District and West End Redevelopment
Project Area ("Project Area"); and
WHEREAS, the Governing Board ("Board) of the Redevelopment Agency of the City of
Azusa ("Agency") is engaged in activities to implement the Redevelopment Plan for the Project
Area pursuant to the provisions of the CRL; and
WHEREAS, the Agency has negotiated the terms of that certain 2008 Disposition and
Development Agreement (Target Project) ("Agreement") with Target Corporation ("Developer")
for the disposition and development of certain real property ("Property") as a Target store
("Project") including approximately 159,000 square feet of commercial space as set forth in the
Agreement; and
WHEREAS, the Agency has prepared, and the City Council has reviewed and
considered, a summary pursuant to CRL Section 33433 ("Summary") setting forth: (1) the cost
of the Agreement to the Agency; (2) the estimated value of the interest to be conveyed; and (3)
an explanation of how the acquisition and conveyance of the Property will assist in the
elimination of blight within the Project Area and has made the Summary available for public
inspection in accordance with CRL Section 33433; and
WHEREAS, a copy of the Agreement is on file at the City's Redevelopment Department;
and
WHEREAS, pursuant to CRL Section 33433, on October 30, 2008 and November 6,
2008, the City caused notice of a joint public hearing of the City Council and the Agency's
Governing Board to be published in The Herald, a newspaper of general circulation within the
Agency's territorial jurisdiction; and
WHEREAS, pursuant to CRL Section 33433, the Agency may, with the consent of the
City Council, approve the sale of the Property to the Developer for development of the Project in
accordance with the Agreement if the City Council makes certain findings following a noticed
public hearing; and
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WHEREAS, pursuant to provisions of CRL Section 33433, the City Council and the
Agency's Governing Board held a duly noticed joint public hearing on the proposed Project and
on the proposed Agreement; and
WHEREAS, following a joint public hearing on December 15, 2008, the City Council
made the requisite findings set forth in Section 33433 with respect to the disposition of the
Property; and
WHEREAS, the Agency is the lead agency concerning the Project pursuant to the
California Environmental Quality Act ("CEQA") and the State CEQA Guidelines; and
WHEREAS, the City staff has reviewed the General Plan and Development Code
Environmental Impact Report ("EIR") prepared by the City as well as the Target Project EIR
("Target EIR") certified on August 4, 2008 for this Project in particular and has determined that
the EIR and the Target EIR adequately evaluated the impacts of the development of the Project
and the impacts of the proposed development in the Project Area.
NOW, THEREFORE, BE IT RESOLVED by the Governing Board of the
Redevelopment Agency of the City of Azusa as follows:
Section 1. The Governing Board hereby directs Agency staff to file a Notice of
Determination with the Los Angeles County Clerk's office within three (3) calendar days of the
adoption of this Resolution.
Section 2. The Governing Board approves the Agreement together with non -substantive
changes and amendments as may be approved by both the Executive Director and Agency
Counsel.
Section 3. The Governing Board hereby authorizes and directs the Executive Director to
take any action and execute any documents necessary to implement the Agreement.
Section 4. The Agency Secretary shall certify to the passage and adoption of this
resolution and the same shall thereupon take effect and be in force immediatelyupon its
adoption.
APPROVED AND ADOPTED this 15'h day of December, 2008.
ATTES
Vera Mendoza, Agency SecrodrY
JOp4eph A. Rocha, Chairman
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I HEREBY CERTIFY that the foregoing resolution No. 08-R49, was duly adopted by
the Redevelopment Agency of the City of Azusa at a regular meeting held on the 15"' day of
December, 2008, by the following vote of the Agency:
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA
NOES: AGENCY MEMBERS: NONE
ABSTAIN: AGENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: NONE
Vera Mendoza, Agency Secretary