HomeMy Public PortalAbout2009.058 - LRA (12-01-09)RESOLUTION NO. 2009.058
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 12141 ATLANTIC 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 an Implementation Plan for the Project Area in accordance
with California Health and Safety Code Section 33490 (the "Implementation Plan"); and
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 12141 Atlantic Avenue
(APN # 6186-012-005) conforms with the goals of the Implementation 'P.lari.,
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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 12141 Atlantic Avenue.
Section 3. The expenditure of $425,000 from LMIHF Alameda Redevelopment Area 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 1th day of December, 2009.
G~
Ma a T. Santillan, Chair
ATTEST:
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Maria Quinonez, Secretary
Roge a ey, ecutive Director
APPROVED AS TO FORM:
Fred Galante, gency Counsel
APPROVED AS TO CONTENT:
Sara :~Vt1GtJ~rs, Director of
Red elopment
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 1St day of December, 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.
2009.058 on file in my office and that said Resolution was adopted on the date and by
the vote therein stated. Dated this 1St day of December, 2009.
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Maria Quinonez, ecretary