HomeMy WebLinkAboutRedevelopment Agency - 265 RESOLUTION NO. 265
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF HUNTINGTON BEACH APPROVING THE
ASSIGNMENT OF THE DISPOSITION AND DEVELOPMENT
AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF
THE CITY OF HUNTINGTON BEACH AND NEWCOMB-
TILLOTSON DEVELOPMENT CO.
WHEREAS, the Redevelopment Agency of the City of Huntington Beach
(the "Agency") is engaged in activities necessary to carry out and implement the
Redevelopment Plan for the Main Pier Redevelopment Project (the "Project"
Area"); and
In order to carry out and implement such Redevelopment Plan the Agency
entered into a Disposition and Development Agreement (the "Agreement") with
Newcomb-Tillotson Development Co. (the "Developer") for the development of
certain property in the Project Area (the "Site"), all as described in the
Agreement on March 4, 1991; and
Section 107 of said agreement provides that no successor of Developer
shall acquire any rights or powers under the agreement and the Developer shall
not assign the agreement without the written consent of the Agency; and
Section 107 further provides that the Agency agreed that it would not
unreasonably withhold approval of any assignment requiring its consent; and
The Developer has submitted to the Agency for its consideration a
proposed assignee to the Agreement, to wit, J. T. Development Co. L.L.C., and
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is requesting that the Agency allow assignment of the Agreement to J.T.
Development Co. L.L.C.; and
It is in the best interests of the City of Huntington Beach and the health,
safety and welfare of its residents, and in accord with the public purposes and
provisions of applicable state and local laws and requirements.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency
of the City of Huntington Beach, as follows:
SECTION 1. J.T. Development Co. L.L.C. is hereby authorized to
assume all of the rights, interests and liabilities under the Agreement, and the
Agency consents to the assignment of the Agreement.
SECTION 2. The Executive Director of the Agency or the Assistant
Executive Director is hereby authorized, on behalf of the Agency, to sign all
documents necessary and appropriate to carry out and implement the
assignment and to administer the Agency's obligations, responsibilities and
duties to be performed under the Agreement and related documents.
PASSED AND ADOPTED this 17th day of -january 1995.
Chairman
ATTEST: APPROVED AS TO FORM:
Agency Clerk Agency Counsel
INITIATED AND APPROVED:
xecutive Director
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Res. No. 265
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, 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 an adjourned meeting of said Redevelopment Agency
held on the 17th day of January, 1995, and that it was do adopted by the
following vote:
AYES: Members:
Bauer, Sullivan, Leipzig, Dettloff, Green, Garofalo
NOES: Members:
None
ABSENT: Members:
None (seat vacant)
Clerk of the Redevelopment Agency
of the City of Huntington Beach, Ca.
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