HomeMy WebLinkAbout215 RDA_CCv0001.pdf RESOLUTION NO. 215
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
REDLANDS APPROVING AND AUTHORIZING EXECUTION OF A
DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS AND 500
NORTH EUREKA STREET, A PARTNERSHIP
WHEREAS, in order to effectuate the provisions of the
Redevelopment Plan for the Redlands Redevelopment Project Area, the
Redevelopment Agency of the City of Redlands ("the Agency") proposes to
enter into a Disposition and Development Agreement with 500 North Eureka
Street, a Partnership (the 'Wgreement") providing for the sale of certain
parcels of real property (the "Sales Parcels") within the Redlands Redevelop-
ment Project Area (the "Project Area"), the location of which is more
particularly described in the Agreement;
WHEREAS, the Agency has determined that the development of
the Sales Parcels by the Redevelopers, as a professional office complex
pursuant to the Agreement is consistent with, and in furtherance of the
Redevelopment Plan for the Project Area; and,
WHEREAS, the Agency has received and duly considered
testimony presented at Public Hearing:
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED
BY THE REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS AS FOLLOWS:
Section 1. The Agency hereby approves the Disposition
and Development Agreement by, and between the Redevelopment Agency of
the City of Redlands and 500 North Eureka Street, a partnership; which
Agreement shall be in substantially the same form as that attached to this
Resolution and incorporated herein by reference, with such non-material changes
and revisions, if any, as shall be recommended by Agency Counsel and approved
by the Executive Director of the Agency.
Section 2. The Agency hereby authorizes and directs any
two officers of the Agency to execute the Agreement and the Executive
Director to deliver same.
Section 3. This Resolution shall take effect upon
adoption.
REDEVELOPMENT AGENCY OF THE
CITY OF REDLANDS
Chairman, Redevelopment Agency of
the City of Redlands
ATTEST:
Secretary, Redevelopment Agency
of the City of Redlands
2