HomeMy WebLinkAbout03. CDC Completion Bob's Big Boy
AGENDA MEMO
DATE:
March 9, 2010
TO:
Chairman and Members of the Community Development Commission
FROM:
Office of the Executive Director
By: Brian Saeki, Director of Community Development
SUBJECT: CERTIFICATE OF COMPLETION FOR THE RECONSTRUCTION OF
7447 FIRESTONE BOULEVARD; SITE OF BOB’S BIG BOY
RESTAURANT
RECOMMENDATION
That the Commission adopt the attached resolution:
A RESOLUTION OF THE DOWNEY COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF DOWNEY APPROVING A
CERTIFICATE OF COMPLETION FOR FAÇADE IMPROVEMENTS
CONSTRUCTED AND INSTALLED AT 7447 E. FIRESTONE
BOULEVARD, DOWNEY, CALIFORNIA
DISCUSSION
On August 12, 2008, the Community Development Commission approved an Owner
Participation Agreement (OPA) with JKBBD, Inc. for the reconstruction of the Johnie’s
Broiler restaurant site. JKBBD has completed the reconstruction work and is now
requesting a Certificate of Completion. This certificate is necessary under the terms of
the OPA.
Staff has confirmed that JKBBD, Inc. has complied with the terms and conditions of the
OPA and is recommending the issuance of the Certificate of Completion.
FISCAL IMPACT
None
CITY OF DOWNEY, CALIFORNIA
RESOLUTION NO.
A RESOLUTION OF THE DOWNEY COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF DOWNEY APPROVING A CERTIFICATE OF
COMPLETION FOR FAÇADE IMPROVEMENTS CONSTRUCTED AND
INSTALLED AT 7447 E. FIRESTONE BLVD., DOWNEY, CALIFORNIA
THE DOWNEY COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF
DOWNEY DOES RESOLVE AS FOLLOWS:
SECTION 1.
The Facade Improvements required to be constructed and installed on that
certain real property specifically described in the legal description(s) attached to the Certificate
or Completion as Exhibit "A" (the "Property") pursuant to that certain Owner Participation
Agreement (7447 E. Firestone Blvd.) (the "Agreement") dated August 12, 2008, by and between
the Commission and JKBBD, Inc., a California corporation (the "Owner"), are complete in
accordance with the provisions of the Agreement.
SECTION 2.
This Certificate of Completion constitutes conclusive evidence of the
Commission's determination of the Owner's satisfaction of its obligation under the Agreement to
construct and install the Facade Improvements on the Property, including any and all related
improvements necessary to support or meet any requirements applicable to the Facade
Improvements, whether or not such improvements are located on the Property or on other
property subject to the Agreement. Notwithstanding any provision of this Certificate of
Completion, the Commission may enforce any covenant of the Owner or its successors
surviving issuance or recordation of this Certificate of Completion in accordance with the terms
and conditions of the Agreement. The Agreement is an official record of the Commission and a
copy of the Agreement may be inspected in the office of the Secretary of the Commission
located at 11111 Brookshire Avenue., Downey, California 90241 during the regular business
hours of the Commission.
SECTION 3.
The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED
this day of , 2010.
_____________________________
, Chairman
ATTEST:
_______________________________
KATHLEEN L. MIDSTOKKE, Secretary
RESOLUTION NO.
PAGE 2
I HEREBY CERTIFY
that the foregoing Resolution was adopted by the Downey Community
Development Commission of the City of Downey at a regular meeting held on the day of
, 2010, by the following vote, to wit:
AYES: Commission Members:
NOES: Commission Members:
ABSENT: Commission Members:
ABSTAIN: Commission Members:
___________________________________
, Secretary