HomeMy Public PortalAbout95.006 LRALRA RESOLUTION NO. 95-6
A RESOLUTION OF THE LYNWOOD REDEVELOPMENMT AGENCY
APPROVING THE DISPOSITION AND DEVELOPMENT AGREEMENT
BY AND BETWEEN THE LYNWOOD REDEVELOPMENT AGENCY
AND KRS DEVELOPMENT CORPORATION, A CALIFORNIA
CORPORATION AND AUTHORIZING THE EXECUTIVE DIRECTOR
TO EXECUTE IT
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, implement and to
further the provisions of the Redevelopment Plan for Redevelopment
Project Area "A" ("Redevelopment Project") in the City of Lynwood
and in order to do so the Agency proposed to enter into a
Disposition and Development Agreement ("DDA") with KRS Development
Corporation ("Developer"), which provides for the development of
eight (8) single-family homes at the north side of Redwood Avenue
between State Street and Peach Street; and
WHEREAS, the Agency desires to consider the sale of the
Site to the Developer for the development of the Site; and
WHEREAS, the proposed DDA contains all the provisions,
terms, conditions and obligations required by state and local law;
a_nd - --
WHEREAS, the Developer possesses the qualifications
necessary to insure development of the Site proposed in accordance
with the purposes and objectives to further the provisions 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 DDA and related agreements;
WHEREAS, the Agency and the City Council have duly
considered the proposed DDA 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;
NOW, THEREFORE, IT IS RESOLVED by the Lynwood
Redevelopment Agency and the City Council as follows:
Section 1. The Agency and City Council hereby find and
determine that the development of the Site pursuant to the DDA 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
DDA is necessary to further the provisions and 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 DDA 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 DDA 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 DDA.
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 DDA, and to administer and implement the Agency's
obligations, responsibilities and duties to be performed under the
DDA.
APPROVED AND ADOPTED this 7th day of March, 1994.
6~~
LOUIS BYRD, C IRMAN
Lynwood Redevelopment Agency
ATTEST:
ANDREA L. HOOPER, SECRETARY FAUST GON ALE .City M Hager
APPROVED ASS TO C
GARS'" D . C~~iICOT~S
Community Deve opment Director
wp/redevelp/KRSF.ESOI/111094/rb
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 adop*_ed by the said Agency at a
regular meeting thereof held in the City Hall of the City of
Lynwood on the ~~ day of Mich , 19 95 ~, and
passed by the following vote:
AYES : Member Heine, Henning, Rea, Richards, Byrd
NOES : None
ABSENT: None
~L,e~ ~~
~,~
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 95_6 on file in my office and that said resolution was
adopted on the date and by the vote therein stated.
DATED this ~~ day of March ~ lg 95
--~~-t~
Secretary
Lynwood Redevelopment Agency