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RESOLUTION NO. 59
RESOLUTION OF THE HUNTINGTON BEACH REDEVELOPMENT AGENCY
APPROVING A PARTICIPATION AGREEMENT BETWEEN THE AGENCY
AND CITADEL SERVICE CORPORATION AND AUTHORIZING THE
EXECUTION THEREOF
WHEREAS, the Huntington Beach Redevelopment Agency ("Agency") is
authorized to conduct redevelopment activities within the Talbert-Beach
Project Area ("Project Area"), which activities include the acquisition and
conveyance of real property for private development; and
WHEREAS, the Agency desires to enter into a Participation Agreement (the
"Agreement") with Citadel Service Corporation, a California Corporation
("Participant") substantially in the form attached hereto, which Agreement
provides for the conveyance of certain real property, located within the
Project Area and specifically described in the Agreement, from the Agency to
the Participant and the improvement of said real property by the Participant
in addition to other real property owned or to be acquired by Participant as a
residential condominium project; and
WHEREAS, the Agency and the City Council of the City of Huntington Beach
("City Council") have conducted a duly noticed joint public hearing regarding
the Agreement in accordance with California Health and Safety Sections 33431
and 33433; and
WHEREAS, a copy of the Agreement and the summary setting forth the
matters required by California Health and Safety Code Section 33433 have been
made available for public inspection and copying.
NOW, THEREFORE, the Huntington Beach Redevelopment Agency does hereby
resolve as follows:
Section 1: The Agency hereby approves the form of the Agreement
attached hereto and hereby authorizes the Chairman and Clerk of the Agency to
execute said Agreement on behalf of the Agency, subject to the approval of the
Agreement by the City Council .
PASSED AND ADOPTED this 20th day of December , 1982.
ATTEST:
e.
Agency Clerk Chairman
I
APPROVED AS TO FORM: APPROVED AS TO RM AND CONTENT:
Legal Counsel STRA I C , RAUTH
r Spec i ede a pment Counsel
INITIATED AND APPROVED AS TO CONTENT:
Director, Business and Industrial
Enterprise
APPROVED:
Chief Executive Officer
Res. No. 59
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH)
I , ALICIA M. WENTWORTH, Secretary of the Redevelopment
Agency of the City of Huntington Beach, California, DO HEREBY
CERTIFY that the foregoing resolution was duly adopted by the
Redevelopment Agency of the City of Huntington Beach at a
meeting of said Redevelopment Agency held on the 20th day
of December , 19 82, and that it was so adopted by
the following vote:
AYES: Members:
Pattinson, MacAllister, Mandic, Finley, Bailey, Kelly
NOES: Members:
Thomas
ABSENT: Members :
None
Secretary of the Redevelopment Agency
of the City of Huntington Beach, Ca.