HomeMy WebLinkAboutResolution No. 7696RESOLUTION NO. 7696
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA APPROVING THAT CERTAIN AGREEMENT
ENTITLED "OFFER FOR THE PURCHASE OF REAL
PROPERTY" BY AND BETWEEN THE CITY OF AZUSA
AND THE AZUSA CHAMBER OF COM14ERCE
WHEREAS, the Azusa Chamber of'Commerce is a duly
organized and properly functioning nonprofit corporation organized
for the purpose of advertising, promoting and developing the City
of Azusa, its residents and businesses; and
WHEREAS, the City and the Chamber have had a long and
productive relationship resulting in the betterment of the City
of Azusa; and
WHEREAS, the Chamber has undertaken many projects and
activities over the years which have substantially contributed
to the economic development of -the City of Azusa and to the
betterment of life for its citizens; and
WHEREAS, the City desires to continue to receive such
services from the Chamber and Chamber desires to provide such
services for the City consistent with the purposes for which
it was organized; and
WHEREAS, the provision of such services over the next
six years is essential to the well being and proper development
of the City and is also essential to specifically assist the
City in the development of its Central Business District and
continued economic development of the west end industrial area;
and
WHEREAS, in the past the City has compensated the Chamber
for its services by paying it a set sum for such services and
providing the Chamber with rent-free office space in the City Hall
pursuant to the authorization of Government Code Sections 37110
and 40100 and other applicable law; and
WHEREAS, the sale of real property by the City to
the Chamber as set forth in the attached "Offer for the Purchase
of Real Property" and the terms of that certain agreement entitled
"Agreement Between the City of Azusa and Azusa Chamber of Commerce
for Providing Advertising, Promotional and Economic Development
Services to the City" will enable the Chamber to generate income
and to each its goals in a way that could not be accomplished
simply by the City subsidizing the Chamber; and
WHEREAS, the purchase price for the parcel and the
interest rate thereon represent the fair market value of the
property as determined by a qualified and competent independent
appraiser and the fair market rate of interest for the direct I
sale of real property; and
WHEREAS, the sale of the property to the Chamber under
the terms of the Offer for the Purchase of Real Property" will
directly and substantially.benefit the City in its effort to
advertise, promote, and develop the City of Azusa.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF AZUSA AS FOLLOWS:
0 0
SECTION 1. That certain agreement entitled "Offer
for the Purchase of Real Property" by and between the City of
Azusa and the Azusa Chamber of Commerce relating to the sale
of property on the northwest corner of Foothill Boulevard and
Alameda Avenue in the City of Azusa, as more particularly
described therein, and as revised on April 15, 1985, is hereby
accepted and the terms contained therein are hereby approved
subject to the exception that the City will approve the lease
for the parking lot referred to therein at some future date
prior to the close of escrow.
SECTION 2. The Mayor is authorized to execute the
acceptance of the said offer on behalf of the City and is further
authorized to execute the Promissory Note and Grant Deed referred
to therein.
SECTION 3. The City Administrator of the City of Azusa
is hereby authorized to execute the necessary escrow instructions
required for and in accordance with the said offer and such
other documents as may be required to carry out the terms of
the said offer.
SECTION 4. The City Clerk shall certify the adoption
of this resolution.
1985.
PASSED, APPROVED AND ADOPTED this 15th day of April ,
•
I HEREBY CERTIFY that the foregoing Resolution was
duly adopted by the City Council of the City of Azusa, at a
regular meeting thereof, held on the 15th day of April ,
1985, by the following vote of the Council:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
J
CITY C 'RK
COOK, CAMARENA, LATTA, MOSES
CRUZ
NONE
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