HomeMy Public PortalAbout2003.167 (09-02-03)RESOLUTION NO. 2003.167
A RESOLUTION OF CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE
PROPOSED THIRD AMENDMENT TO THE AMENDED AND RESTATED
DISPOSITION DEVELOPMENT AGREEMENT BY AND BETWEEN THE LYNWOOD
REDEVELOPMENT AGENCY AND 3100 E. IMPERIAL HIGHWAY, LLC AND THE
SECOND AMENDMENT TO THE COMMERCIAL REHABILITATION LOAN
AGREEMENT BETWEEN THE AGENCY AND LTC DEVELOPMENT
WHEREAS, the Redevelopment Pian 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, July 19, 1988 by Ordinance No. 88-1308, and on March 20, 2001 by Ordinance
No 1504, and
WHEREAS, the Lynwood Redevelopment Agency ("Agency") is engaged in
activities necessary to execute and implement the Redevelopment Plan for
Redevelopment Project Area ''A" ("Redevelopment ProjecY') in the City of Lynwood and in
order to do so the Agency proposes to approve a Third Amendment to the Amended and
Restated Disposition and Development Agreement ("ARDDA") and Second Amendment
to the Commercial Rehabilitation Loan Agreement ("CRLA"), coilectively referred
hereafter as the Amendments, which provides for conveyance of Agency property for the
continued development of a retail center; and
WHEREAS, the Agency desires to consider the disposition of the Agency property
~ m connection with the development of the Site by the Developer; and
WHEREAS, the proposed Amendments contain all the provisions, terms,
conditions and obiigations required by state and local law; and
WHEREAS, the Developer possesses the qualifications and parcels necessary to
~nsure development of the Site proposed in accordance with the purposes and objectives
of the Redevelopment Pian; and
WHEREAS, the Agency and City Council of the City of Lynwood have held a duly
noticed ~oint public hearing on the proposed Amendments and related agreements;
WHEREAS, the Agency and the City Council have duly considered the proposed
Amendments and believe that development pursuant thereto is in the best interest of the
C~ty of Lynwood and in furtfierance of the goals and objectives of the ~Lynwood
Redevelopment Agency to reduce blight in the Project Area;
NOW, THEREFORE, IT IS RESOLVED by the City Council of the City of Lynwood
and the Lynwood Redevelopment Agency as follows:
Section 1. The Agency and City Council hereby find and determine that the
development of the Site pursuant to the Amendments are in the best interest of the City
~~ ; of Lynwood and the health, safety, morals and welfare of its residents, and in accord with
I 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 nf the Site pursuant to the proposed Amendments are necessary to
effectuate the purpose of the Redevelopment Plan for the Redevelopment Project.
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Section 3 The Agency and the City Council hereby find and determine that the
development of the Site pursuant to the proposed Amendments 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
Amendments and to the actions connected therewitt~, and hereby overrules all such oral
and written objections.
Section 5. The Executive Director of the Agency is hereby authorized to execute
the Amendments.
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 Amendments, and to administer and
~mplement the Agency's obligations, responsibilities and duties to be performed under the
Amendments.
APPROVED AND ADOPTED this 2~d day of September, 2002.
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ERNANDO PRE ROZA, AYOR
ATTEST~
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Andrea L Hooper, City Clerk
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Lo Hemp
Cit anager
APPROVED AS TO FORM:
3m¢s Casso
ity~Attorney
APPROVED AS TO CONTENT:
L~'ou`is Morales, Director
Redevelopment Department
Section 1. That the City Clerk shall certify to the adoption of this
Resolution and shall deliver a certified copy thereof in his own records.
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=.~ PASSED, APPROVED and ADOPTED this 2"d day of September 2003.
ATTEST:
RNANDO PEDROZA, f~YOR
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ANDREA L. HOOPER, CITY CLERK
j I certify that the above and foregoing Resolution No. 2003.167 was duly
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-' adopted by the City of Lynwood at a regular meeting thereof held on the 2"d day
of September 2003.
AYES: COUNCILMEN BYRD, REYES, RICHARDS, RODRIGUEZ AND
PEDROZA
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
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' ANDREA L. HOOPER, CITY CLERK
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