HomeMy WebLinkAboutResolution No. 2017-OB07/gnu)
RESOLUTION NO.2017-OB07
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A RESOLUTION OF THE OVERSIGHT BOARD TO THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA RATIFYING THE
SUCCESSOR AGENCY SALE OF LAND TO AZUSA CAPITAL LLC.
WHEREAS, on March 6, 2017, the Successor Agency to the Redevelopment Agency
approved the Disposition and Development Agreement by and between the City of Azusa, the
Successor Agency and Azusa Capital for the sale of a number of properties including Successor
Agency parcels located at 714, 716, and 720 N. Dalton Ave and 303 E. Foothill Blvd; and
WHEREAS, pursuant to those laws governing the dissolution of redevelopment agencies,
the sale of land following the approval of the Long Range Property Management Plan by the
Department of Finance requires the approval of the Oversight Board; and
WHEREAS, the Long Range Property Management Plan called for the sale of these parcel
on the open market; and
WHEREAS, Staff recommends that the Oversight Board find that the sale pursuant to the
Disposition and Development Agreement is consistent with the Long Range Property Management
Plan and ratify the Successor Agrency's approve the sale.
NOW, THEREFORE, THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1: The sale of land pursuant to the Disposition and Development Agreement is
consistent with and does implement the disposition of property pursuant to the approved Long Range
Property Management Plan.
SECTION 2: That the Oversight Board ratifies the Successor Agency's approval of the sale
and approves the sale and directs the Executive Director to take all such actions as are necessary and
appropriate to implement the transaction.
SECTION 3: This resolution shall take effect immediately upon adoption.
PASSED, APPROVED and ADOPTED this 28th day of June, 2017.
Robert donzales, Chairperson
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
45635.01850129886308.1
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ATTEST:
<01*\
f ce Cornejo, J.
Secretary
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
CERTIFICATION
I HEREBY CERTIFY that the foregoing Resolution No. 2017-OB07 was duly adopted by
the Board Members of the Oversight Board to the Successor Agency of the Former Redevelopment
Agency of the City of Azusa, at a regular meeting thereof held on the 28`h June, 2017, by the
following vote of Board Members:
AYES: BOARD MEMBERS: GONZALES, BARBOSA, JOHNSON, DICKERSON
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: ROMERO, HERNANDEZ
nce Corney, Jr.
Secret
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
45635.01850129886308.1