HomeMy WebLinkAboutResolution No. 96-C1430
RESOLUTION NO. 96-('143
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA APPROVING AN ELECTRONIC SIGN ADVERTISING
AGREEMENT WITH TEXACO REFINING AND MARKETING INC.
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, determines and
declares that:
A. The Redevelopment Agency of the City of Azusa (the "Agency") is engaged in
activities necessary to execute and implement the Redevelopment Plan for the Central Business
District Project Area ("Redevelopment Plan"); and
B. In order to implement the Redevelopment Plan, the Agency proposes to enter into
an Owner Participation Agreement (the "Agreement") with Texaco Refining and Marketing Inc.
("Texaco") pursuant to the Agreement the Agency will make a loan to Texaco wo will construct
an electronic reader board sign on its property at the southeast corner of Azusa Avenue and First
Street in the City of Azusa (the "Project"); and
C. The Agency and Texaco have negotiated the terms of the Agreement which
provides that the City shall also have the right to enter into an Electronic Sign Advertising
Agreement with Texaco ("City Agreement'); and
D. The City desires to enter into the City Agreement which contains all of the
provisions, terms, conditions and obligations required by state and local law.
E. The Agency has caused a draft mitigated negative declaration for the Project to be
prepared, has independently reviewed the mitigated negative declaration, and adopted it. The City
Council has also independently reviewed the mitigated negative declaration and hereby relies on
that document for the environmental review of the City Agreement.
SECTION 2. The City Council hereby approves the City Agreement in substantially the
form presented to the City Council, a copy of which is attached hereto as Exhibit "A," together
with such changes and substantive amendments as may be approved by both the City
Administrator and the City Attorney.
SECTION 3. The Mayor is hereby authorized to execute the City Agreement on behalf
of the City and to take all action necessary to carry out the City 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 this 7th day of October, 1996.
1, Pe��
Mayor
I HEREBY CERTIFY that the foregoing Resolution No. 96-0143 was duly
adopted by the City Council of the City of Azusa, at a regular meeting thereof, held on the 7th
day of October , 1996, by the following vote of the Board.
resos\texaco.cty
ALEXANDER
AYES: COUNCILMEMBERS: HARDISON, MADRID, NARANJO, BEEBE
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
APPROVED AS TO FORM:
Bye 6. 1! 11 (C -
City Attorney
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