HomeMy WebLinkAboutResolution No. 7805E
RESOLUTION NO.7 8 0 5
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA MAKING
CERTAIN FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE RECEIVED
BY THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA PURSUANT TO A
OWNER PARTICIPATION AGREEMENT BY THE AGENCY WITH AAJ, INC. AND
STARLITE MOBILE ESTATES, FOR THE SALE OF CERTAIN REAL PROPERTY IN
THE AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT;
APPROVING THE PROPOSED SALE OF SAID REAL PROPERTY; AND APPROVING
THE OWNER PARTICIPATION AGREEMENT PERTAINING THERETO.
WHEREAS, the Redevelopment Agency of the City of Azusa is engaged in activities
necessary to execute and implement the Redevelopment Plan for the Azusa Central Business
District Redevelopment Project ("Project"); and
WHEREAS, in order to implement the Redevelopment Plan, the Agency proposed to
sell certain real property (the "Site"), in the Project area, pursuant to the terms and
provisions of an Owner Participation Agreement (the "Agreement"), which property is
described in said Agreement; and
WHEREAS, AAJ, Inc. and Starlite Mobile Estates has submitted to the Agency a
written offer in the form of said Agreement to purchase the Site; and
WHEREAS, the proposed Agreement contains all the provisions, terms, conditions and
obligations required by State and local law; and
WHEREAS, the Developer possesses the qualifications and financial resources
necessary to acquire and insure development of the Site, in accordance with the purposes
and objectives of the Redevelopment Plan; and
WHEREAS, the Agency has prepared, and the City Council has reviewed and
considered, a summary setting forth the cost of the Agreement to the Agency, the
estimated value of the interests to be conveyed determined at the highest uses permitted
under the Redevelopment Plan, and the purchase price, and made said summary available for
public inspection in accordance with the California Community Redevelopment Law; and
WHEREAS, the City Council has approved the Initial Study of Environmental Impact
prepared by Agency staff, and has determined that a subsequent environmental impact
report need not be prepared in connection with the proposed sale and development of the
Site; and
WHEREAS, pursuant to provisions of the California Community Redevelopment Law,
the Agency and the City Council held a duly noticed joint public hearing on the proposed
sale of the Site and the proposed Agreement; and
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WHEREAS, the City Council has considered all terms and conditions of the proposed
sale, and the redevelopment of the Site pursuant to the proposed Agreement is in the best
interests of the City and the health, safety, morals and welfare of its residents, and in
accord with the public purposes and provisions of applicable State and local laws.
NOW, THEREFORE, the City Council of the City of Azusa does resolve as follows:
SECTION 1. The City Council hereby finds and determines that the consideration for
sale of the certain Site pursuant to the Owner Participation Agreement between the Agency
and AAJ, Inc. and Starlite Mobile Estates is not less than fair market value in accordance
with the convenants and conditions governing such sale.
SECTION 2. The sale of the Site by the Agency to AAJ, Inc. and Starlite Mobile
Estates and the Owner Participation Agreement which establishes the terms and conditions
for the sale and development of such Site, are hereby approved.
APPROVED AND ADOPTED this 21st day of October, 1985.
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 21st day of
October, 1985, by the following vote of the Council:
AYES: COUNCILMEN: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: COUNCILMEN: NONE
ABSENT: COUNCILMEN: NONE
APPROVED AS TO FORM:
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CITY ATTORNEY