HomeMy WebLinkAboutResolution No. 8595• RESOLUTION NO. 859
R s5 95
A RESOLUTION OF THE CITY OF AZUSA APPROVING
THAT CERTAIN AGREEMENT ENTITLED "AN AGREEMENT
FOR ALLOCATION OF TAX INCREMENT FUNDS" BETWEEN
THE CITY OF AZUSA, THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA AND THE COUNTY OF LOS
ANGELES
WHEREAS, the City of Azusa (the "City") has initiated the
merger of the Central Business District Redevelopment Project
Area and the West End Redevelopment Project Area in compliance
with the California Community Redevelopment Law [Health and
Safety Code, Sections 33000, et sec. (the "Code")]; and
WHEREAS Section 33486 (a) of the Code specifies that
redevelopment projects may be merged by amendment of each
affected redevelopment plan as provided in Article 12 of said
Code; and
WHEREAS, the City Council of the City of Azusa and the
Agency held a joint public hearing on October 24, 1988, for the
purpose of considering the approval and adoption of the
Redevelopment Plan for the merger of the Central Business
District (CBD) Redevelopment Project and the West End
Redevelopment Project Areas; and
WHEREAS, the City adopted Ordinance No. 2382 on November 7,
1988, approving and adopting the merger; and
WHEREAS, the City has consulted with representatives of the
County on behalf of the County General Fund, the Flood Control
District, the Public Library (hereinafter referred to as "County
Taxing Entities") pursuant to Health and Safety Code 33328 to
determine the fiscal impact of the merger of the CBD
Redevelopment Project and the West End Redevelopment Project
Areas; and
WHEREAS, the County intends that this Agreement, in
substantially the form attached, shall serve as a solution to
their concerns regarding possible fiscal impact and agrees to
forebear any judicial remedies they may have to challenge the
validity of the merger.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF AZUSA AS
FOLLOWS:
SECTION 1. The City approves and adopts that certain
Agreement entitled "An Agreement for Allocation of Tax Increment
Funds", dated March 20, 1989, and authorizes the Mayor to execute
said Agreement on behalf of the City in substantially the form
attached hereto.
SECTION 2. The City Clerk shall certify as to the
passage and adoption of this resolution, and it shall thereupon
take effect and be in force.
PASSED AND ADOPTED this 20th day of March , 1989.
Eu ne F. Moses, Mayor
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 20th day of March , 1989.
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
Cit— y Cler
STEMRICH, NARANJO, LATTA, MOSES
NONE
AVILA