HomeMy WebLinkAboutResolution No. 87350
RESOLUTION NO. 8735
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RESOLUTION OF THE CITY COUNCIL OF
CITY OF AZUSA APPROVING THAT CERTAIN
XEMENT ENTITLED "AGREEMENT FOR PURCHASE AND
E OF REAL PROPERTY AND ESCROW INSTRUCTIONS"
AND BETWEEN THE REDEVELOPMENT AGENCY OF THE
'Y OF AZUSA AND GORDON AND LINDY COULTER,
REAL PROPERTY LOCATED AT 51 LAKEVIEW
.RACE DRIVE, AZUSA, CALIFORNIA 91702
THE CITY COUNCIL OF THE CITY OF AZUSA DOES HEREBY RESOLVE AS
FOLLOWS:
SECTION 1. The City Council of the City of Azusa hereby
finds, determines and declares that:
A. I The subject property consists of one condominium unit
located at 51 Lakeview Terrace Drive, Azusa, California
917021. The Agency acquired the subject property as the
result of a foreclosure sale after the owner defaulted on
loans' made pursuant to the 1979 Residential Mortgage Revenue
Housiing Bonds issued by the Agency.
B. 'In accordance with the requirements of said bond issue
and applicable law, the Agency staff has negotiated an
agreement between the Agency and Gordon & Lindy Coulter for
the sale of said property.
C. The Agency Board and City Council held a duly -noticed
joint public hearing on said sale and approval of the
Agreement pursuant to the requirements of Health & Safety
Code Section 33433 and other applicable law.
D. Concurrently with the first publication of the notice
of said joint public hearing, the Agency and City made
available to the public a report on the proposed sale of the
property and the terms of the Agreement, which report was
duly prepared and made available to the public in
accordance with the requirements of Health & Safety Code
Section 33433.
SECTION 2. The City Council of the City of Azusa hereby
approves that certain Agreement entitled "Agreement for Purchase
and Sale of Real Property and Escrow Instructions" by and between
the Redevelopment Agency of the City of Azusa and Gordon & Lindy
Coulter, dated as of October 16, 1989 and authorizes the Mayor
to execute said Agreement on behalf of the City in
substantially the form attached hereto as Exhibit "A."
SECTION 3. The City Clerk shall certify the adoption of
this Resolution.
PASSED, APPROVED AND ADOPTED this 16 day of October 1989.
Ch rman
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
16 day of October 1989.
AYES:
NOES:
ABSENT
•
COUNCIL MEMBERS
COUNCIL MEMBERS:
E
AVILA, STEMCH,
MOSES
NONE
Eff 7
NARANJO, LATPA,