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HomeMy Public PortalAbout2002.045 LRARESOLUTION NO. 2002.045 A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING THE EXECUTION OF AN EXCLUSIVE NEGOTIATING AGREEMENT ("ENA") WITH CANYON JOHNSON-SOUTHLAND COMPANIES ("DEVELOPER") TO DEVELOP A RETAIL CENTER WITHIN REDEVELOPMENT PROJECT AREA "A" AT THE NORTHWEST QUADRANT OF THE I-710 AND I-105 FREEWAYS 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 that: NOW, THEREFORE, BE IT RESOLVED by the Lynwood Redevelopment Agency , 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 17T" day of December 2002 ,- FERNANDO P DROZA, HAIRMAN r ATTEST: ~~~~' Andrea L. Hooper, Secretary APPROVED AS TO FORM: ~'~.~~ Agency Counsel Fausti onzale Executive Director APPROVED AS TO CONTENT: I%~uis Morale Community ,~OZ G~ °' Deputy Director =velopment `,\LY?:_SRVI\VOL3\WORDFILE\REDEVELP\LMORALES\CnynJhnsnSthlndENA.stf.DOC STATE OF CALIFORNIA ~ COUNTY OF LOS ANGELES ~ SS. I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and ardopted by the City Council of the City of Lynwood at a regular meeting held on the 17~h day of December 2002. AYES: MEMBERS BYRD, R~ICHARDS,, RODRIGUEZ,' PEDROZA . NOES: .MEMBER REYES ~~ (at the regular Council meeting of January 7, 2003,MP~bPr Reyes reconsider his vote fror~ °NO to "YES",in_support of the ENA.) ABSENT: NONE ABSTAIN: NONE ~, City Clerk, City of Lynwood STATE OF CALIFORNIA ~ COUNTY OF LOS ANGELES ) SS. 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. g00~na~ on file in my office and that said resolution was adopted on the date and by the vote therein stated. Dated this 17tl~ay of Dec_ber 2002. ~~~ ~©`~ City Clerk, City of Lynwood _`;td_SRV1\VOL3\wORDFILE\REDEVELP\CHORALES \CnynJhnsnSthlndENA.stf.DOC