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HomeMy WebLinkAboutResolution No. 86230 0 0 0 RESOLUTION NO. 8623 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA RESCINDING AN AGREEMENT WITH THE AZUSA REDEVELOPMENT AGENCY AND APPROVING A NEW AGREEMENT WITH THE AZUSA REDEVELOPMENT AGENCY RE TRANSFERRED SALES AND USE TAXES (PRICE CLUB PROJECT) WHEREAS, the City of Azusa (the "City") and the Redevelopment Agency of the City of Azusa (the "Agency") entered into an Agreement on July 18, 1988 regarding how certain of the Transferred Sales and Use Taxes are to be used; and WHEREAS, the City and the Agency need a new Agreement as to how certain of the Transferred Sales and Use Taxes are to be used. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF AZUSA AS FOLLOWS: SECTION 1. That certain Agreement made on July 18, 1988 entitled "Agreement Between the City of Azusa and the Redevelopment Agency of the City of Azusa re Certain Sales and Use Taxes" and approved by Resolution No. 8475 of the City Council of the City of Azusa is hereby rescinded. SECTION 2. That certain Agreement set forth on Exhibit A, entitled "Agreement Between the City of Azusa and the Redevelopment Agency of the City of Azusa re Certain Sales and Use Taxes", attached hereto and made a part hereof, is hereby adopted and approved and the Mayor of the City is hereby authorized to execute the Agreement on behalf of the City, in substantially the form of Exhibit "A". ADOPTED AND APPROVED this 15th day of May , 1989. CERTIFICATION: I HEREBY CERTIFY that the above and foregoing resolution was duly passed and adopted by the City Council of the City of Azusa at its regular meeting held on the 15th day of May , 1989, by the following vote: AYES: COUNCIL MEMBERS AVILA, STEMRICH, NARANJO, LATTA, MOSES NOES: COUNCIL MEMBERS NONE ABSENT: COUNCIL MEMBERS NONE City'CletYk Eugene F. Moses Mayor FJN/RES9233 03/14/89