HomeMy Public PortalAbout2009.050 - LRA (10-06-09)RESOLUTION NO. 2009.050
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY
OF LYNWOOD AUTHORIZING THE CHAIR TO EXECUTE THE AGREEMENT FOR
PURCHASE AND SALE OF REAL PROPERTY AND JOINT ESCROW
INSTRUCTIONS 12217 ATLANTC AVENUE
WHEREAS, the Lynwood Redevelopment Agency (the "Agency") has been duly
created, established and authorized to transact business and exercise its powers under
and .pursuant to the Community Redevelopment Law (Part 1 of Division 24 of the Health
and Safety Code of the State of California) (the "CRL"); and
WHEREAS, the Agency is engaged in activities necessary to carry out and
implement the Redevelopment Plan for the Project Area "A" Redevelopment Project
(the "Project Area"), and has adopted ah Implementation Plan for the Project Area in
accordance with California Health and Safety Code Section 33490,.(the "Implementation
Plan"); and 4a4:;;t..1~ ,~ ~ ~;.\~ :.,>••~~
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WHEREAS, the Agency's Implementation Plan for the Project Area includes the
acquisition of real property to stimulate the creation of affordable housing as one of the
proposed redevelopment activities; and
WHEREAS, the Agency's staff has identified that the acquisition 12217 Atlantic
Avenue (APN # 6186-012-034) conforms with the goals of the Implementation Plan; and
WHEREAS, the acquisition of 12217 Atlantic Avenue is consistent with the
findings in Agency Resolution No. 2009.047 and City Council Resolution No. 2009.170
finding that the expenditure of the Low and Moderate Income Housing funds for the
Alameda Project Area for .housing projects, rehabilitation loans or grants outside of the
Alameda Project Area, in connection with the proposed Park Place Housing Project, will
be of benefit to the Alameda Project Area.
NOW, THEREFORE, THE AGENCY BOARD DOES HEREBY DETERMINE
AND RESOLVE AS FOLLOWS:
Section 1. That the Chair is authorized to execute the "Agreement for
Purchase and Sale of Real Property and Joint Escrow Instructions" in a form approved
by the Agency Counsel.
Section 2. The Executive Director and/or any other authorized officers are
hereby authorized to take such actions; perform such acts as may be necessary to
assist the Agency to accomplish the acquisition of 12217 Atlantic Avenue.
Section 3. The expenditure of $1,825,000 from LMIHF Area "A" is authorized
along with additional escrow related expenditures.
Section 4. That this resolution shall take effect immediately upon approval by
majority vote of the members of the Agency.
PASSED, APPROVED, AND ADOPTED THIS 6th day of October 2009.
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M ira a T. Santillan. Chair
ATTEST:
i
Maria Quinonez, ecretary
APPROVED AS TO FORM:
J`~
Fred Galante, Agency Counsel
Roger L. Hal xecutive Director
A~P,PROVED AS TO CONTENT:
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S rah M. thers
Director of Redevelopment
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the foregoing Resolution was passed and adopted by the Agency at its
regular meeting held on the 6~h day of October, 2009.
AYES: MEMBER CASTRO, FLORES, MORTON, RODRIGUEZ, AND
SANTILLAN
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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Maria Quinonez, Secretary
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above foregoing is a full, true and correct copy of Resolution No.
2009.050 on file in my office and that said Resolution was adopted on the date and by
the vote therein stated. Dated this 6~h day of October, 2009.
Maria Quinonez, Secretary ~ ~~~