HomeMy Public PortalAbout2004.047 LRARESOLUTION NO. 2004.047
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING THE
EXECUTION OF AN EXCLUSIVE NEGOTIATING AGREEMENT ("ENA") WITH M+D
PROPERTIES ("DEVELOPER") TO DEVELOP AMIXED-USE PROJECT WITHIN
REDEVELOPMENT PROJECT AREA "A" AT THE SOUTHWEST CORNER OF
IMPERIAL HIGWAY 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 proposed ENA will permit the Developer to obtain financial
commitments from outside public/private resources for the proposed project; 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; and
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 or his designee to execute an Exclusive Negotiating Agreement with the
Developer.
Section 2. This resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED, and ADOPTED this 7T" day of December, 2004
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RAMON R RIGUEZ, ~l-iAhRM~
ATTEST:
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Andrea L. Hooper, Secretary Jgseph Wanq~;
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 7th day of December 2004.
AYES: COUNCILMEN BYRD, PEDROZA, SANTILLAN, VASQUEZ AND RODRIGUEZ
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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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 Lynwood City
Council of said City, do hereby certify that the above and foregoing is a full, true and
correct copy of Resolution No. 2004.047 on file in my office and that said resolution
was adopted on the date and by the vote therein stated.
Dated this 7th day of December 2004.
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City-Clerk, City of Lynwood