HomeMy WebLinkAboutResolution No. 86130 0
RESOLUTION NO. 8613
RESOLUTION OF THE AZUSA CITY COUNCIL
AUTHORIZING SUBMISSION OF AN APPLICATION FOR
A SECTION 108 LOAN GUARANTEE TO THE UNITED
STATES DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT THROUGH THE LOS ANGELES COUNTY
COMMUNITY DEVELOPMENT COMMISSION
THE AZUSA CITY COUNCIL DOES HEREBY DETERMINE AND
RESOLVE AS FOLLOWS:
SECTION 1. The Azusa City Council ("Council") finds,
determines and declares as follows:
WHEREAS, on September 18, 1978, Council adopted the
Redevelopment Plan for the Azusa Central Business District
Redevelopment Project Area ("CBD"); and
WHEREAS, the adopted objective of the CBD
Redevelopment Plan is "(t)he eradication of blighting
influences within the Project Area and the recycling of land
presently containing these influences or impacted by the
adjacent blighting influences to uses consistent with
environmental, economic and social goals of the community";
and
WHEREAS, actions approved in the Preliminary Plan
("Plan") adopted by Planning Commission on March 8, 1978
to accomplish the CBD Redevelopment Plan objective include
redevelopment of land by private enterprise and public
agencies for uses in accordance with the Plan; and
WHEREAS, on February 6, 1989, the City of Azusa
Redevelopment Agency approved a disposition and
development agreement with De Rosa Properties to redevelop
a 3.5 acre parcel located within the CBD ("site") in accordance
with the CBD Redevelopment Plan, as amended ("project");
and
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WHEREAS, the site, generally bounded by Foothill
Boulevard on the south, San Gabriel Avenue on the west,
Azusa Avenue on the east and the Atchinson/Topeka and
Santa Fee railroad right-of-way on the north, is a blighted
area currently comprised of underutilized commercially zoned
properties, deteriorated structures, incompatible land uses
and many vacant lots filled with weeds; and
WHEREAS, the project consists of the construction of
approximately 52,000 square feet of new commercial and
office space; and
WHEREAS, the project will encourage a more rational
utilization of land in the downtown core and eliminate the
blighting influences contributing to the deterioration of the
downtown area; and
WHEREAS, the project will provide additional working
and shopping opportunities to area residents and will become
a strong complement to the new residential development
directly to the west;
NOW THEREFORE, as part of its financing plan for the
project, Council approves submitting a Section 108 Loan
Guarantee application to the United States Department of
Housing and Urban Development through the County of Los
Angeles Community Development Commission to assist in
funding the project.
SECTION 2. Council certifies that it possesses the legal
authority to make a grant submission and to execute a Section 108
guaranteed loan in accordance with Section 570.303 of Community
Development Block Grants (CDBG) regulation at 24 CFR Part 570.
SECTION 3. Council certifies that it possesses the legal
authority to make the pledge of grants (i.e., meet all loan
requirements) required under Section 570.702 of CDBG regulation at
24 CFR Part 570.
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SECTION 4. Council certifies that the City has made efforts to
obtain alternative financing for the project and that such financing is
not available to cover the estimated project costs.
SECTION 5. Council certifies that the City will abide by the
federal Uniform Relocation Assistance and Real Property Acquisition
Policies Act of 1970 and, in the event the project would entail
residential displacement, that the City will adopt a residential
antidisplacement plan highlighting the one-for-one replacement
requirement as outlined in Section 570.606(b)(1) of CDBG regulation
at 24 CFR Part 570.
SECTION 6. The Secretary shall certify to the adoption of this
Resolution.
SECTION 7. This Resolution shall be effective immediately
upon its adoption.
APPROVED AND ADOPTED this 1st day of May , 1989.
AZUSA CITY COUNCIL
ATTEST:
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