HomeMy WebLinkAboutResolution No. 4675 RESOLUTION NO. 4675
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY APPROVING THE EXECUTION BY THE
DOWNEY COMMUNITY DEVELOPMENT COMMISSION OF
AN AGREEMENT WITH ZELLNER COMMUNITIES, INC.
AND THE DEVELOPMENT OF PUBLIC IMPROVEMENTS.
WHEREAS, Zellner Communities, Inc., a California corporation (the
"Participant ") proposes to enter into an agreement in the form of Exhibit
"A" (the "OPA ") with the Community Development Commission of the City of
Downey (the "CDC "); and
WHEREAS, pursuant to the OPA, the Participant shall develop public
improvements within the Downey Redevelopment Project Area (the "Project
Area ") which are described in the OPA (the "Public Improvements "); and
WHEREAS, the Public Improvements will benefit the Project Area and
there is no other reasonable method of financing the Public Improvements;
NOW, THEREFORE, the City Council of the City of Downey does hereby
determine, order and resolve as follows:
SECTION 1. This Council hereby concurs with those findings made
by the CDC by its Resolution No. 170 dated December 10 ,
1985, and its action approving a Negative Declaration with respect to the
proposed development.
SECTION 2. The City Council finds and determines that (i) the
provision of the Public Improvements is of benefit to the Project Area
and (ii) no other reasonable means of financing the Public Improvements
are available to the City of Downey (the "Community ").
SECTION 3. The aforesaid OPA by and between the Participant and the
CDC is hereby approved. No further approval by the Downey City Council
shall be required for the CDC to enter into such Agreement or convey said
land pursuant thereto.
PASSED, APPROVED AND ADOPTED this 10th day of December
1985.
c
Bob Davila , Mayor
ATTEST:
h iAti `�
Ci y C e
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) ss.
CITY OF DOWNEY )
I, the undersigned, City Clerk of the City of Downey, do hereby certify
that the foregoing Resolution was passed and adopted by the City Council of
the City of Downey at a regular meeting held on the 10th day of December
1985.
AYES: 4 Council Members: Santangelo, Boggs, Cormack, Davila
NOES: 0 Council Members: None
ABSENT: 1 Council Members: Barb
City Clerk