HomeMy Public PortalAbout96.015A LRALRA RESOLUTION NO 9 6 - 15 /a
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING THE
FIRST IMPLEMENTATION AGREEMENT TO THE DISPOSITION AND
DEVELOPMENT AGREEMENT BETWEEN K.V. PROPERTIES OF LYNWOOD, L.P.
AND THE AGENCY AND AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE THE AGREEMENT
WHEREAS, the Redevelopment Plan for the Lynwood Project Area
"A" ("Redevelopment Plan"), was duly approved and adopted on July
3, 1973 by Ordinance 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 1000, on December 7, 1976 by Ordinance
No. 1010, on December 16, 1980 by Ordinance No.llll, 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" ("Project
Area"); and
WHEREAS, in order to implement said Redevelopment Plan, on or
about November 15, 1994, the Agency and the City approved a
Disposition and Development Agreement ("DDA") by and between the
Agency and K.V. Properties of Lynwood, L.P. for the development of
a neighborhood shopping center; and
WHEREAS, the Developer has changed its corporation status
requiring an amendment to the DDA; and
WHEREAS, the Agency and the Developer propose to enter into a
First Implementation Agreement to the DDA which provides for the
change in development entity, assignment of rights, and Schedule of
Performance;
NOW, THEREFORE, BE IT RESOLVED by the Lynwood Redevelopment
Agency as follows:
SECTION 1. The Agency hereby finds and determines that the
First Implementation Agreement to the DDA is in the best interest
of the City of Lynwood and Agency and the health, safety, and
welfare of its residents, and in accord with the public purposes
and provisions of applicable State and local law.
SECTION 2. The Agency finds and determines that the
amendment to the DDA by way of the First Implementation Agreement
is necessary to effectuate the purpose of the Redevelopment Plan.
SECTION 3. The Executive Director of the Agency is hereby
authorized to execute the First Implementation Agreement.
APPROVED AND ADOPTED by the members of e Lynwood
Redevelopment Agency this ~3st day of May, 199 :`~
Pau H. Richards II, Chairman
ATTEST:
Andrea L. Hooper, Secretary
Faustin Gonzales,
Executive Director
APP~OV}~D AS TO(~ORM:
enc! pecia ~Counse
n : wp\r~dE;vlp\ly~if sj~. res
APPROVED AS TO C~~NTENT:
.~ ~,c
G ry Chic s, Director
Community Development
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood
Redevelopment Agency, 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 ~lst day of Mav 1g 96
and
passed by the following vote:
AYES: MEMBER BYRD, HEINE, HENNING, REA, RICHARDS
NOES : NONE
ASSENT: NONE
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 96-15 on file in my office and that said resolution was
adopted on the date and by the vote therein stated.
DATED this 21st day of Mav
19 96
Secretary //
Lynwood Redevelopment Agency