HomeMy WebLinkAbout1974 109 CC RESO1974 109 CC RESO ;¢fì ÷ m RESOLUTION NO. 74-109
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF BALDWIN PARK DESIGNATING A
SURVEY AREA, CREATING THE BALDWIN PARK
REDEVELOPMENT REVOLVING AND ADMINISTRA-
TIVE FUNDS, AUTHORIZING APPROPRIATIONS
THERETO, PROVIDING FOR EXPENDITURES OF
SUCH. MONIES AND DIRECTING FEASIBILITY
STUDIES.
WHEREAS, the City Counci.l of the City of Baldwin Park
has established the Baldwin Park Redevelopment Agency pursuant
to Section 33000 et seq. of the California Health and Safety
Code Community Development Law); and
WHEREAS, in order to carry into effect the powers, purposes,
and functions of the Agency, enactment of certain sections of
said Health and Safety Code relative to designation of survey
areas, funding and preparation of appropriate redevelopment
studies are necessary.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Baldwin Park:
SECTION 1: Ordinance No. 684 be filed with the
Secretary of State as evidence of establishment
of the Agency.
SECTION 2: The area described in Section 3 hereof
is found to require study for purposes of determining
if a redevelopment project within said area is
feasible.
SECTION 3: The following described area to be and
is called Puente-Merced Area" is hereby designated
as a survey area:
Beginning at the intersection of Merced Avenue
and Big Dalton Avenue; thence northeasterly along
the center line of Big Dalton Avenue 920 feet, more
or less, to the northwesterly prolongation of the
southwesterly lines of Lots 3 to 16, inclusive, of
Tract No. 14258, in the City of West Covina, as per
map recorded in Book 297, pages 26 and 27 of Mans,
in the office of the County Recorder of Los Angeles
County; thence southeasterly along said northwesterly
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Legal Description con't.
prolongation and along said southwesterly line of
Lots 3 to'16, inclusive, of said Tract No. 14258,
a distance of 1916 feet, more or less, to the most
southerly corner of said Lot 16; thence southwesterly
along the southeasterly boundary of the City of
Baldwin Park, a distance of 1824 feet, more or less,
to the most southerly corner of Lot 50, El Monte Walnut
Place, as per map recorded in Book 6, page 104 of Maps,
in the office of said County Recorder; thence north-
westerly along the northeasterly line of Lot 44 of
said El Monte Walnut Place and along its northwesterly
prolongation 1852 feet to the center line of Big
Dalton Avenue; thence northeasterly along the center
line of said Big Dalton Avenue 960 feet to the point
of beginning.
SECTION 4: A Redevelopment Agency Revolving Fund for the
benefit of the Redevelopment Agency is hereby established.
SECTION 5: A Redevelopment Agency Administrative Fund
for defraying administrative expenses of the Agency is
hereby established.
SECTION 6: The sum of Eighty Five Thousand Dollars
$85,000) is hereby appropriated by the City Council from
the General Fund to the special fund known as the
Redevelopment Agency Administrative Fund.
SECTION 7: The City Treasurer is hereby authorized and
directed to pay from the Redevelopment Agency Administra-
tive Fund to the Redevelopment Agency Eighty Five
Thousand Dollars $85,000). Said amount is to be
considered a loan to the Agency and to be repaid in
accordance with the terms and conditions set forth herein.
SECTION 8: The above sum to be loaned to the Agency shall
be repaid, together with accrued interest of seven 7)
percent per annum, from proceeds of bonds issued to under-
take a redevelopment project, or from any other fundn
which may become legally available to the Agency for
repayment to the City. If no funds become available for
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1974 109 CC RESO ;¢fì ÷ m Resolution No. 74-109
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SECTION G con't.
such purposes, then the monies loaned and accrued interest
need not be repaid.
SECTION 9: The Agency is hereby authorized and directed
to study the designated survey area and determine whether
a redevelopment project within said area is feasible.
SECTION 10: This Resolution shall take effect immediately
PASSED AND ADOPTED this 27th day of November, 1974.
/ / / 7-—
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Virgil V. Hamilton
Mayor
ATTEST:
a^^T^^r
Thelma L. Balkus, City Clerk
TATE OF CALIFORNIA
COUNTY OF LOS ANGELES) SS:
CITY OF BALDWIN PARK
I, THELMA L. BALKUS, City Clerk of the City of Baldwin
Park, do hereby certify that the foregoing Resolution was duly
and regularly passed and adopted by the City Council of the City
of Baldwin Park at its adjourned regular meeting held on the
27th day of November, 1974. by the following vote:
AYES: COUNCILMEN WALDO,KING,GREGORY.MC CARON AND MAYOR HAMILTON
NOES z COUNCILMEN____________________________________________
ABSENT: COUNCILMEN
THELMA L. BALKUS, CITY CLERK
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