HomeMy Public PortalAbout99.039 LRARESOLUTION NO. gg , 39
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING THE
OWNER AND PARTICIPATION AGREEMENT BY AND BETWEEN THE LYNWOOD
REDEVELOPMENT AGENCY AND 3100 E. IMPERIAL HIGHWAY, LLC.
WHEREAS, the Redevelopment Plan for Lynwood Project Area "A"
("Redevelopment Plan"), was duly approved and adopted on July 3, 1973 by Ordinance
No. 945 and subsequently amended on December 27, 1973 by Ordinance No. 960, on
August 19, 1975 by Ordinance No. 990, on June 1, 1976 by Ordinance No. 1000, on
December 7, 1976 by Ordinance No. 1010, on December 16, 1980 by Ordinance No.
1111, and on July 19, 1988 by Ordinance No. 88-1308; and
WHEREAS, the Lynwood Redevelopment Agency ("Agency") is engaged in
activities necessary to execute and implement the Redevelopment Plan for
Redevelopment Project Area "A" ("Redevelopment Project") in the City of Lynwood and in
order to do so the Agency proposes to enter into a Owner Participation Agreement
("OPA") with 3100 E. Imperial Highway, LLC ("Developer"), which provides for the
development of Phase I of the Marketplace expansion project on developer and Agency-
owned property; and
WHEREAS, the Agency desires to consider the disposition of the Agency property
in connection with the development of the Site by the Developer; and
WHEREAS, the proposed OPA contains all the provisions, terms, conditions and
obligations required by state and local law; and
WHEREAS, the Developer possesses the qualifications and parcels necessary to
insure development of the Site proposed in accordance with the purposes and objectives
of the Redevelopment Plan; and
WHEREAS, the Agency and City Council of the City of Lynwood have held a duly
noticed joint public hearing on the proposed OPA and related agreements;
WHEREAS, the Agency and the City Council have duly considered the proposed
OPA and believe that development pursuant thereto is in the best interest of the City of
Lynwood and in furtherance of the goals and objectives of the Lynwood Redevelopment
Agency to reduce blight in the Project Area;
NOW, THEREFORE, IT IS RESOLVED by the City Council of the City of Lynwood
and the Lynwood Redevelopment Agency as follows:
Section 1. The Agency and City Council hereby find and determine that the
development of the Site pursuant to the OPA is in the best interest of the City of Lynwood
and the health, safety, morals and welfare of its residents, and in accord with the public
purposes and provisions of applicable State and local law.
Section 2. The Agency and City Council hereby find and determine that the
development of the Site pursuant to the proposed OPA is necessary to effectuate the
purpose of the Redevelopment Plan for the Redevelopment Project.
Section 3. The Agency and the City Council hereby find and determine that the
development of the Site pursuant to the proposed OPA will be consistent with the
development permitted at that location by Lynwood's Zoning Ordinance.
Section 4. The Agency has held a joint public hearing with the City Council and
has received, heard and considered all oral and written objections to the proposed OPA
and to the actions connected therewith, and hereby overrules all such oral and written
objections.
Section 5. The Executive Director of the Agency is hereby authorized to execute
the OPA.
Section 6. The Executive Director of the Agency, or his designee, is hereby
authorized, on behalf of the Agency and the City, to sign all documents necessary and
appropriate to carry out and implement the OPA, and to administer and implement the
Agency's obligations, responsibilities and duties to be performed under the OPA.
APPROVED AND ADOPTED this 17T" day of August, 1999.
ATTEST:
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Andrea L. Hooper, Secretary
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RIC~j D SANCHEZ, CHAIRM
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Ralph a is, n erlm
Executive Director
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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Shan Thever , q! Gary D. Chi t ,Director
Agency Counsel Community Development
H:word/redevelp/I morales/mktpll ra
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STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned Secretary of the Lynwood Redevelopment Agency (LRA) do
hereby certify that the above and foregoing resolution was duly adopted by the said
Agency at a regular meeting thereof held in the .City Hall of the City of Lynwood on the
17th. day of August , 19, 99 ,and passed by the following vote:
AYES: MEMBER BYRD REA, RICHARDS, SANCHEZ
NOES: NONE
ABSENT: MEMBER REYES
~ ~ ~~
SECRETARY
LYNWOOD REDEVELOPMENT AGENCY
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above and foregoing is a full, true and correct copy of Resolution No. LRA
99.39 on file in my office and that said resolution was adopted on the date and bti
the vote therein stated.
DATED this 17th day of August , 1999
SECRETARY
LYNWOOD REDEVELOPMENT AGENCY