HomeMy WebLinkAboutRedevelopment Agency - 89 r
AGENCY RESOLUTION NO. 89
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF HUNTINGTON BEACH APPROVING OF A
FIRST AMENDMENT TO PARTICIPATION AGREEMENT
WHEREAS, on March 7, 1983, after a duly-noticed public
hearing, the Redevelopment Agency of the City of Huntington
Beach ( the "Agency" ) approved a Participation Agreement (the
"Participation Agreement" ) between the Agency and Huntington
Breakers, Limited (the "Participant" ) ; and
The parties to the Participation Agreement are
proceeding to implement the redevelopment activities provided
for in the Participation Agreement;
The Agency has determined that it will facilitate the
successful completion of the activities proposed in the
Participation Agreement and the Redevelopment Plan for the
Main-Pier Redevelopment Project if certain material is added to
the Participation Agreement; and
The Amendment now proposed to the Participation
Agreement enhances the viability of activities proposed
thereunder and is economically beneficial to each of the Agency
and the Participant;
NOW, THEREFORE, the Redevelopment Agency of the City
of Huntington Beach does resolve as follows:
Section 1. The Agency approves the "First Amendment
to Participation Agreement, " which is attached hereto as
Exhibit "A" and is incorporated herein.
Section 2. The Agency finds and determines as follows :
1. The First Amendment to Participation
Agreement, in the form attached hereto as Exhibit A, is
economically beneficial to each of the Agency and the
Participant; and
2. The Agency shall receive fair and adequate
consideration for entering into the First Amendment to the
Participation Agreement pursuant to and by virtue of the
provisions of such Amendment.
1 .
r
Section 3 . The Chairman, Agency Clerk, and Chief
Executive Officer are authorized and directed to execute the
First Amendment to Participation Agreement (Exhibit A) .
ADOPTED this 17th day of September , 1984.
Q�jl-,*% /
Cha ' e R development
AgenM the i y of
Huntington Beach
ATTEST: APPROVED AS TO FORM:
Agency Clerk Agency Counsel
APPROVED A-S TO FORM: INITIATED AN APPROVED:
f
GAL
Special Agency Counse / -RedeV75ment Coordinator
REVIEWED AND APPROV D:
Chief Executive Office
2.
Res. No. 89
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH)
I , ALICIA M. WENTWORTH, Clerk 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
17th day of September 19 84 , and that it was so adopted
by the following vote:
AYES: Members:
Pattinson, MacAllister, Kelly, Mandic
NOES: Members:
Thomas, Finley, Bailey
ABSENT: Members:
None
Clerk of the Redevelopment Agency of
the City of Huntington Beach, Ca.