HomeMy WebLinkAboutResolution No. 98-C053RESOLUTION NO. 98-053
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING AN
EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT BETWEEN THE CITY AND
LAKE DEVELOPMENT GROUP, INC., FOR CERTAIN PROPERTY LOCATED AT
THE NORTHEAST CORNER OF FOOTHILL BOULEVARD AND SAN GABRIEL
AVENUE, AZUSA
THE CITY COUNCIL OF THE CITY OF AZUSA DOES HEREBY RESOLVE AS
FOLLOWS:
WHEREAS, the City is authorized by the Municipal Code to enter into negotiations to sell
City property;
WHEREAS, the City desires to redevelop the property set forth in the agreement as attached
in order to best accomplish the goals and purposes of the Central Business District Redevelopment
Plan and the developer desires to redevelop said property;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Azusa as
follows:
SECTION 1. That certain Exclusive Negotiation Agreement by and between the
Redevelopment Agency, the City of Azusa and Lake Development Group, Inc., dated as of
March, : 16 , 1998, is hereby approved and the Mayor is hereby authorized to sign and
execute said Agreement on behalf of the City in substantially the form as attached hereto and
incorporated herein by reference.
SECTION 2. The City Clerk shall certify the adoption of this Resolution.
ADOPTED this 16th day of March , 1998.
I HEREBY CERTIFY that the foregoing Resolution No. 98-053 was duly
adopted by the City Council of the City of Azusa, at a regular meeting thereof, held on the 16th
day of March , 1998, by the following vote of the Board.
AYES:
NOES:
CITY COUNCILMEMBERS
CITY COUNCILMEMBERS
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APPROVED AS TO FORM:
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City Attorney
Resos\riteaid.398
HARDISON,STANFORD;ROCHA;BEEBE',MADRID.
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