HomeMy Public PortalAbout2002.037 LRARESOLUTION NO. LRA ?_002.037
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY
APPROVING THE EXECUTION OF AN EXCLUSIVE NEGOTIATING
AGREEMENT ("ENA") WITH TELACU ("DEVELOPER") TO
DEVELOP A BIG BOX RETAIL CENTER LOCATED WITHIN
REDEVELOPMENT PROJECT AREA "A" ON THE ALAMEDA
TRIANGLE LOCATED AT THE NORTHEAST CORNER OF
ALAMEDA STREET AND IMPERIAL HIGHWAY, IN THE CITY OF
LYNWOOD.
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
possible 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 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 23st day of October 2002.
.-..~,sa y~~ .~
ARTURO REYES; HAIRMAN
ATTEST: _
Andrea L. Hooper, Fausti . zales
Secretary Executive Director
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0
APPROVED AS TO FORM:
AGENCY COUNS L
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
ss.
APPROVED AS TO CONTENT:
L%uis Morales, Director
Community Development
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify
that the foregoing Resolution was passed and adopted by the Lynwood
Redevelopment Agency of the City of Lynwood at a regular meeting held
on the 23rd
day of October
. 2002.
AYES: MEMBERS BYRD, PEDROZA, RTCHARDS, RODRIGUEZ, AND REYES
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
C~~c'~ ,O~ ~ y~J-~
Andrea L. Hooper, City lerk
STATE OF CALIFORNIA )
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. LRA 2002.037 on file in my office and that
said Resolution was adopted on the date and by the vote therein stated.
Dated this 23rd day of October , ~QQ~k 2002
Andrea L. Hooper, City Clerk
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