HomeMy WebLinkAboutResolution No. 77494630H
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RESOLUTION NO. 7749
JHHW:ACH:ea 07/09/85
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
DETERMINING THAT CERTAIN FACILITIES AND IMPROVEMENTS
ARE OF BENEFIT TO THE AZUSA CENTRAL BUSINESS DISTRICT
REDEVELOPMENT PROJECT AREA AND APPROVING THE SALE OF
CERTAIN PROPERTY OF THE REDEVELOPMENT AGENCY
OF THE CITY OF AZUSA TO E M LEASING
CORPORATION FOR LEASE TO
THE CITY OF AZUSA
CITY OF AZUSA
WHEREAS, the Redevelopment Agency of the City of Azusa (the "Agency")
proposes to enter into a Reimbursement Agreement, dated as of June 1, 1985
(the "Reimbursement Agreement") with the City of Azusa (the "City"), providing
for the repayment by the Agency to the City of certain Tax Revenues (as that
term is defined in the Reimbursement Agreement) to offset a portion of certain
Lease Payments paid by the City under that certain lease entitled
"Lease -Purchase Agreement" relating to the City's Municipal Facilities
Project, each dated as of June 1, 1985, by and between the City and the E M
Leasing Corporation;
WHEREAS, the Agency is authorized under Section 33445 of the Health and
Safety Code to reimburse the City for the costs of acquiring land and
publicly -owned facilities leased to the City upon certain determinations;
WHEREAS, the City Council has on this day duly held a hearing as
required by Section 33679 of said Code at which all interested persons were
given an opportunity to be heard;
WHEREAS, the Agency proposes to sell certain real property to E M
Leasing Corporation for lease to the City as the site of the "senior citizens
center" portion of the Municipal Facilities Project and the Agency is
authorized to sell such real property, provided that the City approves of such
sale after public hearing as provided in Sections 33431 and 33433 of said
Code; and
WHEREAS, the City Council has on this day duly held a hearing as
required by Sections 33431 and 33433 of said Code at which all interested
persons were given an opportunity to be heard;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Azusa,
as follows:
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Section 1. The City Council hereby determines that the notices of the
respective hearings referred to above were duly and properly given as shown by
affidavits of the newspaper within which the respective notices were published
and which affidavits are hereby ordered filed in the proceedings.
Section 2. The City Council hereby determines that the Project and the
Site (as such terms are defined in the Reimbursement Agreement hereinabove
referred to) are of benefit to the Azusa Central Business District
Redevelopment Project Area of the Agency. The City Council further hereby
determines that no reasonable means of financing of said Project and Site,
other than pursuant to the Reimbursement Agreement, are available to the City.
Section 3. The City Council hereby approves the sale by the Agency of
that certain real property described in the Lease -Purchase Agreement as the
Site of the "Senior Citizens Center" to E M Leasing Corporation for lease of
such Site to the City as provided in the Lease -Purchase Agreement.
Section 4. This Resolution shall take effect from and after its
adoption.
PASSED AND ADOPTED this 15th day of July, 1985, by the following vote:
AYES:
NOES:
ABSENT:
(SEAL)
Attest:
City Council Members
City Council Members
Cook, Camarena, Moses
Cruz
Latta
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