HomeMy Public PortalAboutM 1992-06-04 - LRAp.BN2
SPECIAL LYNWOOD REDEVELOPMENT AGENCY MEETING JUNE 4,1992
I
The Lynwood Redevelopment Agency of the City of Lynwood met in a
special session on the above date at 5:30p.m.
Chairman.Heine in the chair.
Members Byrd, Rea, Richards, Heine, answered the roll call.
Member Wells was absent.
Also present was Interim Executive Director Gonzales and City
Clerk Hooper.
Interim Executive Director Gonzales stated if the Agency approved
the agreement, it would provide for the development of the
commercial properties to the highest and best use.
Agency Counsel stated the developer had submitted a statement
evidencing the lenders intention to finance the proposed project.
Also, Legal Counsel had reviewed the lenders statement and
determined it to be in compliance with the terms and conditions
of the second draft implementation agreement to the participation
agreement for the project.
After further discussion,
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LRA RESOLUTION NO. 92 -13 ENTITLED: "A RESOLUTION OF THE LYNWOODRES #92 -1;
REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE THE SECOND IMPLEMENTATION AGREEMENT TO THE
PARTICIPATION AGREEMENT BY AND BETWEEN THE LYNWOOD REDEVELOPMENT
AGENCY AND JAMES OH." WAS PRESENTED.
It was moved by Mr. Rea, seconded by Mr. Byrd to adopt the
resolution.
ROLL CALL:
AYES: MEMBERS BYRD,
NOES: NONE
ABSENT: MEMBER WELLS
There was
REA, RICHARDS, HEINE
ness and it was moved by Mr
Lrried to adjourn.
SECRETARY
Richards,
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