HomeMy WebLinkAboutResolution No. 96-C69�/J
RESOLUTION NO. 96—C69
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
APPROVING A THIRD AMENDMENT TO DISPOSITION AND
DEVELOPMENT AGREEMENT BETWEEN THE REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA AND AZUSA HERITAGE, L.P.
THE CITY COUNCIL OF THE CITY OF AZUSA DOES HEREBY RESOLVE AS
FOLLOWS:
SECTION 1. The City Council of the City of Azusa does hereby find, determine and
declare that:
A. The Redevelopment Agency of the City of Azusa ("Agency") is engaged in activities
necessary to execute and implement the Redevelopment Plan for the Central Business District
("Redevelopment Plan"); and
B. In order to implement the Redevelopment Plan, the Agency entered into that certain
Disposition and Development Agreement ("DDA") ,dated June 7, 1994, with Azusa Heritage, L.P.
("Developer"), . The DDA has been amended twice, once on October 19, 1994, and again on
February 5,1996; and
C. Developer and Agency desire to amend certain provisions of the DDA in order to
reduce the number of Restricted Units (as defined in the DDA) from 13 to 12; and
D. Agency Counsel has prepared that certain Amendment No. 3 to Disposition and
Development Agreement ("Agreement"), which contains the terms and conditions of the amendment
of the DDA; and
E. In adopting and approving the Agreement, the City Council is relying on 1) the
negative declaration which was previously adopted in connection with the Agency's approval of the
DDA and ii) that certain Environmental Impact Report certified by the City Council for the West
End Redevelopment Project Area.
SECTION 2. The City Council hereby approves the Agreement in substantially the form
presented to the Council, a copy of which is attached hereto as Exhibit "A," together with such
minor changes as may be approved by the Executive Director of the Agency and Agency Counsel.
SECTION 3. The Executive Director of the Agency is hereby authorized to execute the
Agreement on behalf of the Agency and to take all action necessary to carry out the Agreement.
SECTION 4. The City Clerk shall certify the passage and adoption of this Resolution and
the same shall thereupon take effect and be in force.
PASSED, APPROVED AND ADOPTED this20 day of May 1996.
Mayor
® 0
I HEREBY CERTIFY that the foregoing Resolution No. 96-C69 was duly
adopted by the City Council of the City of Azusa, at a regular meeting thereof, held on the 2 0 day
of May 1 1996, by the following vote of the Council.
AYES: COUNCILNIEMBERS:HARDISON, MADRID, NARANJO, BEEBE
NOES: COUNULMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABS IN: COUNCILMEM ER ALEXANDER
City Jerk
APPROVED AS TO FORM:
By: <;4 � e�"' �' O"d-L—
City Attorney
eaoilad�ng}cty
-2-