HomeMy Public PortalAbout99.059 LRAItESOI,U"PION NO. 99.59
.a RESOLI;"TIO\ OF 7'IiE L1'\1'000 REllE~'ELOPMENT AGENCY Al'1'i10~'ING A
I)ISPOSI1~10! A\U UE~~ELOI'~1E\T AGItEEi11EN'I' I31' ANU BL7~~~'EEN "1'f1E
L1'\~~ OOD REDE~'ELOP~1EtiT AGENCI' AND SOUTIIEAS'(' LOS ANGELES
COL\"h~" CO~IOIC;\IT~" UE~'ELOP~IENT CORPORA?"10\, A NON 1'ROhi"1'
CO~I~II,'\I"I'1' IiOt;Sl\G UE~~ELOi'~1ENT ORGANI"CATION.
~~'HEREAS, The Lym~•ood Redevelopment has 20°o Low and Moderate Income Set-
Aside funds for Fiscal Fear 1999 to carry out certain eligible activities in accordance with the
established goals and objccti~•es of the Rede~~elopment plan.
~~'lEEREAS, the Lyn~~ood Rede~•elopmcnt Agency engages in affordable housing
oppurutnities and projects fur lo~~ and moderate income parsons as part of the Itcdcvelupntcnt
Klan and in order w intplentent a rcde~ elupntent pru_jcct the Agenc~~ proposes lu cnlcr into a
t>„pu,il,un and Ih~elopu,~ut :~greentent ~~ith AICI'5J Cununutnty Iluu,in~;, ~~tu~h pruvidus I~ur
the de~~lupiuent ul~sinile tantil~ hung;, and
~~'HEREAS, the agency desires to consider the disposition of the Agency property in
connC~[]uIl ~~l[h tl]e deg elopment of the Site by the De~•eloper, and
~1~1 iERL:\S, the prupu~ed DDA contains all the; pru~•isiuns, terms, ~unditions, and
obligauuns required b~• stag anJ local la~~, and
~t~IiERE.-~S, the De~i:luper possesses the qualilicatiuns necessary to ensure development
of the Jlle proposed in a~~ur~lan~e ~~ ith the purposes and ubjecti~ ca of the Kede~~elopntcnt flan,
~1'Ii1:l~l:AS, the :\gen~~ ha; conducted a public hearing and considered the pruposecl
UU:~ based un the best intcre~t ul the City ul~ Lyn~~uud and in accordance with the goals and
ubjccti~ cs of the L~ n~~ oud lZede~ clupment .~gcncy;
`:U11~, ~~ I IEIZEFOIZE, l~l~ IS IZE~SUL~~LD by the Lyn~~~uud City Council as follows:
Sccti~n I. That the City Council approres the Disposition and Dcvclopmcnt Agreement with
Southeast Las :~ngcles County Cunununit~~ Development Corporation lur the redevclupmcnt ul"
t~~cnt~ three affordable rental units at the project site located at 113UU Atlantic Avenue
Eiuulcvar~l.
Section ? . This Itesulution ;hall gu into el'Iect inunediatcly upon it, adoption.
I'ASSC:D, A('1'IZO\'l:D and ADC '"'I:D this 2t d clay ul'Nuvember, 1999.
cardo Sanchez, Chairman
ATZ"ES"1'
Andrea L. Efoopcr, City Cl~rl: Ralpl ~V. Davis, xcculivc Director
APPROV = AS TO FOlti\~1
~a Thc~ er
.-~`~c:ncy .~tturne~,
APPROVED AS TO CONTIgNT
- --
Comnwnity D
mcnt Uircctor
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
2nd .day of November , 19, 99 ,and passed by the following vote:
AYES: MEMBERS BYRD, REA, REYES, RICHARDS
NOES: NONE
.ABSENT: CHAIRMAN SANCHEZ
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
S CRETARY
LYNWOOD REDEVELOPMENT AGENCY
ss.
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
99.59 on file in my office and that said resolution was adopted on the date and b`
the vote therein stated.
DATED this 2nd day of November 1999
ECRETARY
LYNWOOD REDEVELOPMENT AGENCY