HomeMy Public PortalAbout96.017 LRALRA RESOLUTION NO. 96-17
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY (THE
"AGENCY") APPROVING THE ACQUISITION OF REAL PROPERTY KNOW AS
10831 LONG BEACH BOULEVARD AND AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE A PURCHASE AGREEMENT FOR THE ACQUISITION
WHEREAS, the Agency, pursuant to the provisions of the
Community Redevelopment Law of the State of California, Health and
Safety Code, is engaged in the redevelopment activities necessary
for the implementation of the Redevelopment Plan; and
WHEREAS, the Agency directed staff to pursue negotiations for
the acquisition of the property located at 10831 Long Beach
Boulevard; and
WHEREAS, Agency staff negotiated a purchase price in the
amount of $350,000.00; and
WHEREAS, the Agency deems it necessary to acquire the property
for the elimination of blight; and
WHEREAS, the acquisition of the subject property is in
furtherance of the implementation of the Redevelopment Plan,
NOW, THEREFORE, the Lynwood Redevelopment Agency does hereby
resolve as follows:
Section 1. The Agency approves the acquisition in the amount
of $350,000.00 and authorizes the Executive Director to execute the
purchase agreement on behalf of the Agency.
Section 2. This resolution shall become effective immediately
upon its adoption.
PASSED, APPROVED and ADOPTED this 4th of June, 1996,
~~
ATTEST:
Andrea~L. Hooper, S cretary
APPRO ED AS TO FORM:
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$~qen y p'eC~i Counsel
PAUL H. RICHARDS II, CHAIRMAN
.c~~ `'-~--~~
Faus~in Gon ~
Executive Director
APPROVED AS TO/C~ON'p~ENT
Gary Chi o s, Director
Communit Development
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STATE OF CALIFORNIA )
COUNTY OF LOS A_~IGELES )
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 meetincr thereof held in the Ci+_y H~11 of the City 3
Lynwood on the 4th day of June
19 96 and
passed by the following vote:
AYES: MEMBER BYRD, HEINE, HENNING, REA, RICHARDS
NOES : NONF
ABSENT : NONE
Secretary
Lynwood Redevelopment Agency
a
STATE OF ~iLIFGRNiA )
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 96-17 on file in my office and that said resolution was
adopted on the date and by the vote therein stated.
DATED this 4th day of June ~ lg 96
Secretary
Lynwood Redevelopment Agency