HomeMy Public PortalAbout1999.182 (11-02-99)RESOLUTION NO. 9g ,182
A RESOLUTION OF THE LYNWOOD CITY COUNCIL APPROVING A
DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE
LYNWOOD REDEVELOPMENT AGENCY AND HUB CITY CONSTRUCTION AND
DEVELOPMENT COMPANY
WHEREAS, the Lynwood Redevelopment Agency has 20% Low, and Moderate Income
Set-Aside funds for Fiscal Year 1999 to carry out certain eligible activities in accordance with
:.the established goals and objectives of the Redevelopment Plan; and
WHEREAS, the.Agency engages in affordable housing opportunities and projects for low
and moderate income persons as part of.the Redevelopment Plan and in order to implement a
redevelopment project the Agency proposes to enter into a Disposition .and Development
Agreement with Hub City Construction and Development Company, which provides for the
development of single family homes, and
WHEREAS, the Agency desires to consider the disposition of the Agency,•property in
connection with the development of the Site by the Developer, and
WHEREAS,, the proposed DDA contains all the provisions, terms, conditions, and
obligations required by state and local law, and ~ •
WHEREAS, the Developer possesses the qualifications necessary to ensure development
of the Site proposed in.accordance with the purposes and objectives of the Redevelopment Plan,
WHEREAS, the City Council has conducted a public hearing and considered the
proposed DDA based on the best interest of the City of Lynwood and in accordance with the
goals and objectives of the Lynwood Redevelopment Agency;
NOW, THEREFORE, IT IS RESOLVED by the Lynwood City Council as follows:
Section 1. That the City Council approves the Disposition and Development Agreement between
the Lynwood Redevelopment Agency and Hub City Construction and Development Company,
and commits $607,400 of Redevelopment Agency Low and Moderate Income 20% Set-Aside
allocation to be used for the development single family housing units at the Muriel Estates
Housing Project.
Section 2. That the Executive Director or his designee is authorized to make the necessary budget
amendment for the allocation of the $607,400, from an unappropriated agency account to the
necessary appropriated agency account
• Section 3 . This Resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED and AD ED this 2nd day of November 1999.
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Ri ardo Sanchez, MAYOR
TEST : ~
,~ ~ '~
Andrea L. Hooper, City Clerk Ralph avi , Ctty Manager
APP ED S TO FORM : P OVER T ONTE T
. f ~ •
City Att ey ary icots, mmunity Development Director
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby, certify that the
foregoing resolution was passed and adopted by the City Council of the City of Lynwood
at a regular meeting held on the 2nd, day of November, 1999.
AYES: COUNCILMEN BYRD, REA, REYES, RICHARDS
NOES: NONE
ABSENT: MAYOR SANCHEZ
City Clerk, City of Lynwood ~.,_,)
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true and
correct copy of Resolution No. 99.182 on file in my office and that said resolution was
adopted on the date and by the vote therein stated.
Dated this 2nd day of November, 1999.
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City Clerk
resoluti/resobp