Resolution - 6755•
RESOLUTION NO.. 6755
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA MAKING ENVIRONMENTAL FINDINGS
NECESSARY WITH RESPECT TO THE PROPOSED
DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN
THE REDEVELOPMENT AGENCY OF THE CITY OF WEST
COVINA AND ALLEN J. SHEERIN; MAKING CERTAIN
FINDINGS WITH RESPECT TO THE CONSIDERATION TO BE
RECEIVED BY THE AGENCY PURSUANT TO SAID
AGREEMENT; APPROVING A PROPOSED SALE OF REAL
PROPERTY; AND APPROVING SAID DISPOSITION AND
DEVELOPMENT AGREEMENT.
WHEREAS, The Redevelopment Agency of the City of West Covina (the
"Agency") is engaged in activities necessary to execute and implement the
Redevelopment Plan for the Central Business District Redevelopment Amended
Project (the "Project"); and
WHEREAS, in order to execute and implement the Redevelopment Plan, the
Agency proposes to sell certain real property ("Property") within the Central Business
District Redevelopment Project Area pursuant to the terms and provisions of a
proposed Disposition and Development Agreement (the "Agreement") to be entered
into with Allen J. Sheerin (the "Developer"), which Agreement contains a description
. of said Site; and
WHEREAS, the Developer has submitted to the Agency a written offer in the
form of said Agreement to purchase the Property; and
WHEREAS, the proposed Disposition and Development Agreement contains all
the provisions, terms and conditions, and obligations required by state and local law;
and
WHEREAS, the Developer possesses the qualifications and financial resources
necessary to acquire and insure the development of the Property in accordance with
the purposes and objectives of the Redevelopment Plan; and
WHEREAS, the Agency has prepared, and the
considered, a summary report setting forth the cost o
the estimated value of the interests to be conveyed
permitted under the Redevelopment Plan, and the
summary available for public inspection in accordance
Redevelopment Law; and
City Council has reviewed and
r the Agreement to the Agency,.
determined at the highest uses
purchase price, and made said
with the California Community
WHEREAS, an Environmental Impact Report for the Second Amendment to the
Central Business District Redevelopment Plan was certified June 23, 1980 by Agency
Resolution No. 182 and City Council Resolution No. 6152; and
WHEREAS, an initial study of the environmental effects of the proposed
• Agreement (Environmental Information and Checklist Form) has been completed in
accordance with California Environmental Quality Act; and
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WHEREAS, pursuant "to the California Community Redevelopment Law, the
Agency and the City Council held a joint public hearing on the proposed Disposition
and Development Agreement; and
WHEREAS, the City Council has duly considered all terms and conditions of the
proposed sale and believes that the development of the Property pursuant to the
proposed Disposition and Development Agreement is in the best interest of the City
and the health, safety, morals, and welfare of its residents, and in accord with the
public purposes and provisions of applicable State and local law and requirements;
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of West
Covina as follows:
1. The City Council hereby approves and adopts the Initial Study with respect
to the proposed Agreement between the Agency and Allen J. Sheerin.
2. The City Council hereby certifies that the information contained in the
Initial Study and in .the above -referenced previous Environmental Impact Report has
been reviewed and considered by the members of the City Council.
3. The City Council hereby finds and determines as follows:
(a) No substantial changes are proposed in the Redevelopment Project,
or with respect to the circumstances under which the Project is to be
undertaken, which will require major revisions in the above -
referenced Environmental Impact Report previously adopted due to
isthe involvement of new environmental impacts not covered in said
previous Environmental Impact Report;
(b) No subsequent or Supplement to EIR, is necessary or required; and
(c) The proposed action will have no significant effect on the
environment, except as identified and considered in the previous EIR..
4. The City Council hereby finds and determines that the consideration for
the sale of the Property pursuant to the Disposition and Development Agreement
between the Agency and the Developer is not less than the fair market value of the
Property in accordance with the covenants and conditions governing such sale.
5. The sale of the Property by the Agency to the Developer, and the
Disposition and Development Agreement which establishes the terms and conditions
for the sale and development of the Property, are hereby approved.
APPROVED AND ADOPTED this 8th day of August 1983.
Mayor
ATTEST:
City btldrk
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M
I HEREBY CERTIFY that the foregoing Resolution No. 6755 was
• duly adopted by the City Council of the City of West Covina at a regular meeting
thereof held on the 8th day of August 1983 by the following vote of the Board:
AYES: Tice, Shearer, Bacon, Chappell
NOES: None
ABSENT: None
ABSTAIN: Tennant
City r
APPROYTO FORM:
City Attorney
135/6-2
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