HomeMy Public PortalAbout11-05UURGENCY RESOLUTION NO. 11 -05-U
AN URGENCY RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF CARSON, CALIFORNIA, APPROVING THE OWNER
PARTICIPATION AGREEMENT BY AND BETWEEN THE CARSON
REDEVELOPMENT AGENCY AND CORMIER CHEVROLET COMPANY
FOR THE DEVELOPMENT OF A NEW HYUNDAI SHOWROOM FOR
PROPERTY LOCATED AT 2201 E. 2231' STREET CARSON, CALIFORNIA
(CONSOLIDATED PROJECT AREA).
WHEREAS, the Carson Redevelopment Agency (the "Agency") has been duly created,
established and authorized to transact business and exercise its powers under and pursuant to
Community Redevelopment Law ("CRL"; California Health and Safety Code Sections 33000 et
seq.), which authorizes Agency to make agreements with owners, purchasers and lessees of
property to assist in alleviating blight by development of projects in conformance with the
Redevelopment Plan for a Project Area; and
WHEREAS, Cormier Chevrolet Company (the "Participant") operates Cormier Chevrolet
and Cormier Hyundai on property within the Carson Consolidated Project Area (the "Project
Area") of the City of Carson that Participant leases from the Agency pursuant to a Disposition
and Development Agreement by and between the Agency and C -P LAND COMPANY and
CORMIER CHEVROLET dated April 21, 2009; and
WHEREAS, to effectuate the provisions of the Redevelopment Plan for the Project Area,
the Agency desires to enter into an Owner Participation Agreement (the "Agreement") with
Participant in connection with the development of a new approximately 9,600 square foot
Hyundai show room (the "Project") on the property being leased from the Agency; and
WHEREAS, the Agency Board met in closed session to consider the terms of the
Agreement, a true and correct copy of which is attached hereto and incorporated herein as
Exhibit "A," on January 3 1, 2011; and
WHEREAS, the Agency desires to provide bridge loan funding to assist with the
predevelopment costs to be incurred by Participant in connection with the Project until the
Participant receives the construction funding as more particularly described in the Agreement;
and
WHEREAS, the Redevelopment Plan for the Project Area and CRL authorize the Agency
to expend funds for the purposes set forth in the Agreement; and
WHEREAS, all legal prerequisites to the adoption of this Urgency Resolution have
occurred.
NOW, THEREFORE, based on the evidence presented to the Agency, including the
t'.1
written staff report and oral testimony on this matter, the Agency does hereby find, determine
and resolve as follows:
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URGENCY RESOLUTION NO. 11 -05-U
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Section 1: The above recitals are all true and correct and incorporated herein by this
reference.
Section 2: Based on the foregoing recitals and all evidence presented to and
considered by the Agency Board on January 3 ) 1, 2011 and February 1, 2011, including the Staff
Reports, the Agency Board hereby determines that (a) the Project will be of benefit to the Project
Area, (b) the development of the Project will assist in the elimination of blighting conditions
within the Project Area and the immediate neighborhood where the Project will be located and
(c) is consistent with the Agency's current adopted Redevelopment Plan and Implementation
Plan for the Project Area.
Section 3: The Agency hereby approves the Agreement, in a form approved by the
City Attorney and Agency Counsel, consistent with the direction given by the Agency Board at
its January 3 1, 2011 meeting and authorizes the transactions contemplated thereunder.
Section 4: The Agreement is hereby approved for execution and delivery by the
Chair or Executive Director of the Agency and/or any other authorized officers with such
changes or modifications as the Chair or Executive Director of the Agency and/or any such other
authorized officers may deem necessary (as conclusively evidenced by the execution thereof) to
effectuate their purpose. The Secretary of the Agency is hereby authorized to attest to the
Agreement.
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Section 5: The Chair or Executive Director of the Agency and/or any other
authorized officers are hereby authorized to take such actions, perform such deeds, and execute,
acknowledge and deliver such instruments and documents as they deem necessary to effectuate
the transactions contemplated under the Agreement.
PASSED, APPROVED and ADOPTED this 1 st day of February, 2011.
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Chalfman Jim Dear
ATTEST:
Agency Secretary Helen S. Ka�agoe
APPROVED AS TO FORM:
Agency Counsel
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URGENCY RESOLUTION NO. 11 -05-U
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STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss.
CITY OF CARSON
1, Helen S. Kawagoe, Agency Secretary of the Redevelopment Agency, Carson, California, do hereby
certify that the whole number of members of the Carson Redevelopment Agency is five; that the
foregoing resolution, being Urgency Resolution No. I I -05-U was duly and regularly adopted by said
Agency at a regular meeting duly held on the I st day of February, 2011, and that the same was
passed and adopted by the following vote:
AYES: AGENCY MEMBERS: Chairman Dear, Santarina, Gipson, Davis -Holmes and Ruiz-Raber
NOES: AGENCY MEMBERS: None
ABSTAIN: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: None
Agency Secretary Helen S. Kajagoe