HomeMy WebLinkAboutResolution No. 2016-C34RESOLUTION NO. 2016-C34
A RESOLUTION OF THE CITY OF AZUSA, CALIFORNIA,
APPROVING THE FIRST AMENDMENT TO THE DISPOSITION AND
DEVELOPMENT AGREEMENT BETWEEN THE CITY OF AZUSA AND
LTA, LLC
WHEREAS, on March 2, 2004, the City approved that certain 2004 Disposition and
Development Agreement (428-432 N. San Gabriel Avenue) with LTA, LLC. ("Developer") for
the disposition and development of certain real property ("Property") as a Commercial Retail
project ("Project') as set forth in the Agreement; and
WHEREAS, following the dissolution of the Redevelopment Agency the construction of
the Property was delayed; and
WHEREAS, the Parties now desire to amend the Agreement to extend the Project
Completion Date, ratify the conveyance to certain parcel specific entities and other clarifying
matters.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Azusa as
follows:
Section 1. The City Council approves the First Amendment to the Disposition and
Development Agreement together with non -substantive changes and amendments as may be
approved by both the City Manager and City Attorney.
Section 2. The City Council hereby authorizes and directs the City Manager to take any
action and execute any documents necessary to implement the First Amendment to the
Disposition and Development Agreement.
Section 3. The City Clerk shall certify to the passage and adoption of this resolution
and the same shall thereupon take effect and be in force immediately upon its adoption.
APPROVED AND ADOPTED this 161h day of May, 2016.
oseph Romero ocha
Mayor
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ATTEST:
�rucc=ate yr
Jeffiff L. ornejo,
City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2016-04 was duly adopted
by the City Council of the City of Azusa at a regular meeting held on the 16th day of May, 2016,
by the following vote of the Council:
AYES:
COUNCILMEMBERS:
GONZALES, MACIAS, ALVAREZ, ROCHA
NOES:
COUNCILMEMBERS:
NONE
ABSENT:
COUNCILMEMBERS:
NONE
ABSTAIN:
COUNCILMEMBERS:
CARRILLO
4ffornejo, Jr.
City Clerk
APPROVED AS TO FORM:
Bes Best & Krieg r, LLP
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