HomeMy Public PortalAbout90-048 (04-03-90)RESOLUTION NO. 90 -48
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LYNWOOD RATIFYING THE LYNWOOD REDEVELOPMENT
AGENCY'S APPROVAL OF 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, the Agency has prepared, and the City Council has
reviewed and considered a summary report pursuant to Section
33433 of the California Health and Safety Code 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
owner Participation Agreement and related documents; and
WHEREAS, the City Council has duly considered the proposed
Owner Participation 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; and
WHEREAS, the City Council has made a finding, in light of
the interim guidelines mandated by the Office of Planning and
Research as a condition to granting the City of Lynwood's request
for extension of time to amend its General Plan, that the
development efforts proposed by the Owner Participation Agreement
are consistent with the City of Lynwood's General Plan; and
WHEREAS, in implementation of said Redevelopment Plan, on
April 3, 1990, the Agency approved the Owner Participation
Agreement between the Agency and James Oh ( "Participant "), which
provides for Participant to develop a supermarket on property
owned by Participant at the northeast corner of Martin Luther
King, Boulevard and Bullis Road, and authorized the Agency
Chairman to execute it;
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 Owner Participation Agreement 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 Owner Participation Agreement 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 Owner
Participation 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 Owner Participation Agreement which establishes
the terms and conditions for the development is hereby approved.
PASSED, APPROVED AND ADOPTED this 3rd
OBERT HENNING, MAY
City of Lynwood TV
ATTEST:
Andrea L. Hooper„ City Clerk
City of Lynwood
APPROVED AS TO FORM:
Henry Ba osa Esq.
Cit ttorney
APPROVED TO CONTENT:
Kenrkdk R. Karefa- Johnson
Interim Director of
Community Development
day of April, 1990
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