HomeMy WebLinkAboutResolution No. 94-C600 0
RESOLUTION NO.94—C60
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA APPROVING THE SALE OF REAL
PROPERTY PURSUANT TO THAT CERTAIN
AGREEMENT ENTITLED "DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AND R. E. BLEWETT COMPANIES, INC."
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. Staff and R. E. Blewett Companies, Inc. have negotiated a proposed Disposition
and Development Agreement ("Agreement") for the acquisition and sale of certain property
located at the 600 South Cerritos Avenue and adjacent to Sixth Street which is located outside
and adjacent to the Central Business District Redevelopment Project Area which agreement
conditions the sale of said property upon its redevelopment and such other matters as are
required by the Community Redevelopment Law.
B. The Agency and the 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.
C. Concurrently with the first publication of the notice of said joint public hearing,
the Agency and the 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 and
other applicable law.
D. The sale price of the property will be less than the Agency expenditures in
acquiring and improving it as more particularly set forth in the report described in
subparagraph C, the Board of Directors of the Agency and the City Council specifically find
in accordance with the authority of Health & Safety Code Section 33433 that (1) said
difference is necessary to effectuate low and moderate income housing which will revitalize
the Project Area and the community and produce quality affordable housing, and (2) the actual
purchase price of the property is reasonable given the restrictions imposed by the Agreement.
E. The Agency has prepared, and the City Council has reviewed and considered,
a summary setting forth an explanation of why the sale of the Property will assist in the
elimination of blight, with reference to all supporting facts and materials relied upon in
making this explanation; and
F. The housing improvements to be constructed pursuant to the Agreement are of
benefit to the adjacent Project Area and the immediate neighborhood in which the property
is located and no other reasonable means of financing such improvements are available to the
community.
G. Health & Safety Code Section 33334.2 Ca. authorizes redevelopment agencies
to use their low-income housing set-aside funds outside of a project area upon a resolution of
the agency and the legislated body that such use will be of benefit to the project.
H. Though the Agreement will not result in the destruction or removal of dwelling
units from the low and moderate income housing market, the Agency previously prepared and
adopted a Replacement Housing Plan for the property pursuant to Health and Safety Code
Section 33413.5 and is presently implementing said plan.
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RESOLUTION NO. 94—C60
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SECTION 2. The City hereby finds and determines that the sale of the property will
assist in the elimination of blight.
SECTION 3. The City hereby finds and determines that the consideration for sale of
the property is not less than the fair reuse value of the property at the use and with the
covenants, conditions and development costs authorized by the sale.
SECTION 4. The City Council of the City of Azusa hereby approves that certain
agreement entitled 'Disposition and Development Agreement By and Between the
Redevelopment Agency of the City of Azusa and R. E. Blewett Companies, Inc., a California
Corporation" in substantially the form attached hereto as Exhibit "A".
SECTION 5. The City Clerk shall certify the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED thisl 8th day of April — -, 1994.
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 thel8th day of April
, 1994 by the following vote of the Council:
AYES: COUNCILMEMBERS: DANGLEIS, MADRID, NARANJO, ALEXANDER, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
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City Clerk
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