HomeMy WebLinkAbout1995 071 CC RESO1995 071 CC RESO (Ìì ³ Ì RESOLUTION NO.95-71
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF BALDWIN PARK APPROVING A DISPOSITION AND
DEVELOPMENT AGREEMENT BETWEEN THE REDEVELOPMENT
AGENCY OF THE CITY OF BALDWIN PARK AND SDC
PARTNERS, LTD., AND DAYTON HUDSON TARGET) PERTAINING
TO THE DISPOSITION AND DEVELOPMENT OF AGENCY-OWNED
REAL PROPERTY LOCATED IN THE CITY OF BALDWIN PARK,
AND MAKING FINDINGS THEREFOR AS REQUIRED BY HEALTH
AND SAFETY CODE SECTION 33433
WHEREAS, the Redevelopment Agency of the City of Baldwin Park the
Agency") is a public body, corporate and politic, organized and existing under the California Community
Redevelopment Law Health and Safety Code Section 33000 et seq.) CRL); and
WHEREAS, by previous action of the Agency, and by the City Council of the City of Baldwin
Park the City Council" or City," as appropriate), the Redevelopment Plan the Redevelopment Plan") for
the Sierra Vista Redevelopment Project Area the Project Area") was established; and
WHEREAS, the Agency desires to implement the Redevelopment Plan for the Project Area by
providing for the development of a commercial retail center through the disposition of certain real property
owned by the Agency: and
WHEREAS, the Agency proposes to enter into a Disposition and Development Agency the
Agreement") with SDC Partners, Ltd. SDC"), concerning the Agency-owned real property generally
located at the northwest corner of Francisquito Avenue, Baldwin Park Boulevard and the San Bernardino
Freeway I-i 0) in the City the Property"); and
WHEREAS, notice of a joint public hearing of the Agency and the City Council concerning the
proposed Agreement has been given in accordance with applicable law; and
WHEREAS, a copy of the proposed Agreement and a summary report has been provided for
public review in accordance with applicable law.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Baldwin Park as
follows:
SECTION 1. The Agreement will assist in the elimination of physical and economic blight
consistent with the requirements of the CRL.
SECTION 2. The Agreement is consistent with the Agency's adopted AB1290/SB732
Implementation Plan.
SECTION 3. The consideration is not less than the fair market value at the highest and best use
under the Redevelopment Plan and with the covenants and conditions and development costs authorized
by the Agreement. Under the Agreement, the Property will be sold to SDC at less than its current fair
market value. In consideration thereof, SDC shall develop the Property for commercial use and make
infrastructure improvements on the Property including assisting in the removal of hazardous materials on
the Property.
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1995 071 CC RESO (Ìì ³ Ì Resolution No. 95 71
Page Two
SECTION 4. The agreement, a copy of which is on file with the Agency Secretary, is hereby
approved.
SECTION 5. The Board of Directors consents to the Agency's authonzation and direction to the
Agency Executive Director to take such actions and execute such documents as may be necessary to
implement and effect the Agreement on behalf of the Agency. City staff is also authorized and directed
to take such actions and execute such documents as may be necessary to implement and effect the
Agreement.
APPROVED AND ADOPTED this 15th day of November 1995.
LINDA L. GAIR A L.
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES) ss
CITY OF BALDWIN PARK
I, LINDA L. GAIR, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing
resolution was duly and regularly approved and adopted by the City Council of the City of Baldwin Park
at its regular meeting of the City Council on November 15, 1995 by the following vote:
AYES VARGAS, MARTINEZ, LOWES, LOZANO, MUSE
NOES NONE
ABSENT NONE
ABSTAIN NONE
CLERK
BIB]
37650-U01
1995-U02
071-U02
CC-U02
RESO-U02
LI3-U03
FO1126-U03
FO1366-U03
DO1382-U03
C6-U03
RESO-U03
10/10/2001-U04
ADMIN-U04
RESO-U05
95-71-U05
NOV-U05
15-U05
1995-U05