HomeMy WebLinkAboutResolution No. 2017-OB1060
RESOLUTION NO.2017-OB10
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING
THE PURCHASE AND SALE AGREEMENT BETWEEN THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA AND GLENOAKS, LLC, FOR SALE OF REAL PROPERTY
GENERALLY LOCATED AT 975 W. FOOTHILL BOULEVARD IN AZUSA
(APNS 8605-019-906,8605-019-907)
WHEREAS, on July 17, 2017, the Successor Agency to the Redevelopment Agency approved a
Purchase and Sale Agreement by and between the Successor Agency and Raphael Glenoaks LLC for
the sale of 975 W. Foothill Blvd. in Azusa (APNS 8605-019-906, 8605-019-907); 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 Purchase
and Sale Agreement is consistent with the Long Range Property Management Plan and ratify the
Successor Agency's approval of 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 Purchase and Sale 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 approves the Successor Agency's approval of the
Purchase and Sale Agreement 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 26`" day of July, 2017.
Robert Gonzales, Chai erson
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
n
ATTEST:
-.
Secretary
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
I HEREBY CERTIFY that the foregoing Resolution No. 2017 -OB 10 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 261h day of July, 2017, by the
following vote of Board Members:
AYES: BOARD MEMBERS: BOMMARITO, JOHNSON, DICKERSON, GONZALES
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: BARBOSA,HERNANDEZ
J,ef%y4'Lay&hce Comejo r.
Secretary
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa