HomeMy WebLinkAboutResolution No. 11-C22RESOLUTION NO.11-C22
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA, CALIFORNIA, CALLING AN AGENCY LOAN AND
REQUIRING IMMEDIATE REPAYMENT OF OUTSTANDING
INDEBTEDNESS OWED TO THE CITY
WHEREAS, pursuant to the California Community Redevelopment Law (Health and
Safety Code Sections 33000, et seq.) ("CRL"), the City Council ("City Council") of the City of
Azusa ("City") has approved and adopted a redevelopment plan ("Redevelopment Plan") for the
Merged Central Business District Redevelopment Project Area ("Project Area"); and
WHEREAS, the Governing Board ("Board") of the Redevelopment Agency of the City
of Azusa ("Agency") has adopted an implementation plan for the Redevelopment Plan
("Implementation Plan") and is engaged in activities necessary to execute and implement. the
Redevelopment Plan pursuant to the CRL; and
WHEREAS, on February 16, 2010 the City Council authorized a loan of $2,491,858 to
the Agency, and the Agency accepted the loan from the Council, for the purpose of financing the
SERAF payment required by the State of California; and;
. WHEREAS, as evidenced by the Promissory Note, The loan was for a term of one year
from the time it was made after which City may call the City Loan at any time and require
immediate repayment of the Agency indebtedness; and
WHEREAS, the City desires to exercise this right and require immediate repayment in
full of the Agency indebtedness. In lieu of payment in available funds, the City is willing to
accept, via quitclaim deed, property of equal value; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA,
CALIFORNIA, DOES RESOLVE AS FOLLOWS:
Section 1. The recitals set forth above are true and correct and incorporated herein.
Section 2. The Council hereby calls the City Loan and requires immediate repayment
in full of the City Loan.
Section 3. The City Manager, or his or her designee, is authorized and directed to
execute such documents and instruments as may be necessary to
memorialize the obligations, between the City and the Agency, including
the obligations required to finalize a transfer of property, and shall take all
other actions necessary or convenient in the furtherance of the actions
authorized by this Resolution.
Section 4. The Council has determined that the requirement of repayment from the
Agency to the City, and potential transfer of land, is exempt from the
requirements of the California Environmental Quality Act ("CEQA"),
pursuant to State. CEQA Guidelines Section 15061(b)(3), because it can be
seen with certainty that the mere transfer of funds or title from the Agency
to the City will not have a significant effect on the environment.
Section 5. The Council hereby directs City staff to file a Notice of Exemption with
the Clerk of Los Angeles County within five (5) calendar days following
approval of this Resolution.
Section 6. This Resolution shall take effect immediately upon its adoption.
Section 7. The Mayor shall sign this Resolution and the City Clerk shall attest and
certify to the passage and adoption of this Resolution.
ADOPTED, SIGNED, AND APPROVED this 7 day of March, 2011, by the following
vote:
oseph R. Rocha, Mayor
ATTEST:
Vera Mendoza, City Clerk
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the City
Council of the City of Azusa at a regular meeting held on the 7 day of March, 2011.
AYES: COUNCILMEMBERS: GONZALES, MACIAS, HANKS, ROCHA
NAYS: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: CARRILLO
APPROVED AS TO FORM:
Awa/ J
City Attorney