HomeMy Public PortalAbout89-133 (07-18-89)RESOLUTION NO 89 - 13 3
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LYNWOOD APPROVING THE FIRST
IMPLEMENTATION AGREEMENT TO THE OWNER
PARTICIPATION AGREEMENT BY AND BETWEEN THE
LYNWOOD REDEVELOPMENT AGENCY AND JAMES OH
WHEREAS, the Lynwood Redevelopment Agency ( "Agency ") is
engaged in activities necessary to execute and implement the
Redevelopment Plan for Redevelopment Project Area " A "
( "Project ") in the City of Lynwood; and
WHEREAS, in implementation of said Redevelopment Plan, on
April 26, 1989 the Agency and James Oh ( "Participant ") entered
into an Owner Participation Agreement ("OPA"), which provided
for Participant to develop a supermarket on property owned by
Participant at the northeast corner of Century Boulevard and
Bullis Road; and
WHEREAS, Participant has been unsuccessful in efforts to
negotiate the removal of the restrictive covenant that prevents
the development of his property as provided for in the OPA; and
WHEREAS, the Agency and Participant propose to enter into
a First Implementation Agreement to the Owner Participation
Agreement ( "First Implementation Agreement ") for the
development of a Revised Supermarket, which provides for
(1) obtaining the Agency's assistance to remove the restrictive
covenant, as provided in Section 20le of the OPA, and
(2) revises the Scope of Development as set forth in Attachment
No. 5 to the OPA; and
WHEREAS, the Agency has prepared, and the City Council has
' reviewed and considered a summary report setting forth the cost
of the First Implementation Agreement to the Agency, the
estimated value of the restrictive covenant to be removed, and
the purchase price to be paid by Participant; and
WHEREAS, the Agency and City Council of the City of
Lynwood have held a duly noticed joint public hearing on the
proposed First Implementation Agreement and related documents;
and
WHEREAS, the City Council has duly considered the proposed
First Implementation Agreement and believes that development
pursuant thereto to be in the best interest of the City of
Lynwood and in furtherance of the goals and objectives of the
Lynwood Redevelopment Agency to reduce blight in the Project
Area;
NOW, THEREFORE, the City Council of the City of Lynwood
hereby resolves as follows:
SECTION 1. The City Council hereby finds and
determines that the development of the Participant's property
pursuant to the proposed First Implementation Agreement and the
OPA is in the best interests of the City of Lynwood and the
health, safety, morals and welfare of its residents, and in
' accord with the public purposes and provisions of applicable
State and local law.
SECTION 2. The City Council hereby finds and
determines that the development of the Participant's property
pursuant to the proposed First Implementation Agreement and the
OPA is necessary to effectuate the purpose of the Redevelopment
Plan for the Project.
SECTION 3. The City Council has received, heard and
considered all oral and written objections to the proposed
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood,
do hereby certify that the foregoing resolution was passed and
adopted by the City Council of the City of Lynwood at a regular
meeting held on the 18th day of July , 1989.
AYES: COUNCILMEMBERS HEINE, HENNING, MORRIS, RICHARDS, WELLS
NOES: NONE
ABSENT: NONE
ANDREA L. HOOPER, City Clerk
City of Lynwood
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. 89 -133 on file in my office and that said
resolution was adopted on the date and by the vote therein sated.
Dated this 24th day of July, 1989.
City Clerk OL
First Implementation Agreement and to the actions connected
therewith, and hereby overrules all such oral and written
objections.
SECTION 4. The development of the Participant's
property pursuant to the First Implementation Agreement and the
OPA, which establishes the terms and conditions for the
development, and the First Implementation Agreement are hereby
approved.
PASSED, APPROVED AND ADOPTED this 18th day of July, 1989.
Evelyn ikells, Mayor
The City of Lynwood
ATTEST:
Andrea L. Hooper, City Clerk
The City of Lynwood
FORM:
hry S. Barbosa, Esqu
ty Attorney
APPROVED AS TO CONTENT:
cente L. Mas, Director
Community Development Department
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