HomeMy Public PortalAbout2006-015RESOLUTION NO. 2006.015
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY
APPROVING THE SECOND EXECUTION OF AN EXCLUSIVE NEGOTIATING
AGREEMENT ( "ENA ") WITH JOSE ESCOBAR ( "DEVELOPER ") TO DEVELOP
A RESTAURANT AND A RETAIL CENTER WITHIN REDEVELOPMENT
PROJECT AREA "A" AT THE NORTHWEST CORNER OF MARTIN LUTHER
KING JR., BLVD. AND LONG BEACH BOULEVARD
WHEREAS, the Agency is implementing the Redevelopment Plan for
Project Area "A" in the City of Lynwood, State of California, adopted by the City
Ordinance No. 945 on July 10, 1973, as amended, and
WHEREAS, the Agency entered into an ENA with Developer on January 3,
2005 , and
WHEREAS, the first ENA permitted the Developer to obtain financial
commitments from outside public /private resources for the proposed project; and
WHEREAS, due to unforeseen delays and circumstances beyond the
control of the Developer, the first ENA expired, and
WHEREAS, a second ENA is needed for Developer to continue the
assembly of project site; and
WHEREAS, the pursuit of the proposed project will assist in the elimination
of blight within the Project Area, and
- WHEREAS, the proposed project will be in furtherance of the
implementation of the Redevelopment Plan; and
WHEREAS, the proposed project will provide tax increment and generate
sales tax; and
WHEREAS, the site will be developed pursuant to the General Plan and
Municipal Code requirements.
NOW, THEREFORE, BE IT RESOLVED by the Lynwood Redevelopment
Agency that:
Section 1 The Lynwood Redevelopment Agency, based on the
aforementioned findings and determinations hereby adopts this resolution and
authorizes the Executive Director to execute a second Exclusive Negotiating
Agreement with the Developer for a period of one hundred eighty (180) days, and
two ninety (90) day extensions at the discretion of the Agency
Section 2 . This resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED, and ADOPTED this 21 TH day of March, 2006.
CIA VASQUEZ, CHAIR
ATTEST
Andrea L. Hooper, Secretary
APPROVED AS TO FORM
R on Wilson, Agency Counsel
Enr� e I Inez cecutive Director
APPROVED AS TO CONTENT
�La \
Don Vestal, Interim
Deputy Executive Director
STATE OF CALIFORNIA )
) SS
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify
that the above and foregoing Resolution was duly adopted by the City Council of
the City of Lynwood at a regular meeting held in the City Hall of said City on the
210- day of March , 2006 and passed by
the following vote
AYES: COUNCILMEN BYRD, JOHNSON, PEDROZA, SANTILLAN AND VASQUEZ
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
d, /. W
Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA )
)SS
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true
and correct copy of Resolution No. 2006.015 in my office and that said
Resolution was adopted on the date and by the vote therein stated
Dated this 21st day of March ' 2006
Andrea L. Hooper, City Clerk
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