Resolution - 7164RESOLUTION NO. 7164
"A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA AUTHORIZING AND CONSENTING TO A PUBLIC HEARING
BEING HELD ON A PROPOSED DISPOSITION AND DEVELOPMENT
AGREEMENT BETWEEN THE WEST COVINA REDEVELOPMENT AGENCY
AND WATT INDUSTRIES, INC, FOR REAL PROPERTY LOCATED
WITHIN THE WEST COVINA CENTRAL BUSINESS DISTRICT RE-
DEVELOPMENT PROJECT; AUTHORIZING AND CONSENTING TO
HOLDING SUCH PUBLIC HEARING IN CONJUNCTION, CONCURRENT
AND JOINTLY WITH THAT TO BE HELD BY THE REDEVELOPMENT.
AGENCY OF THE CITY OF WEST COVINA ON SUCH PROPOSED
AGREEMENT (WATT INDUSTRIES, INC.)"
WHEREAS, the.Redevelopment Agency of the City of West Covina (the
"Agency") is engaged in activities necessary to carry out and implement the
Redevelopment Project; and
WHEREAS, in order to carry out and implement such Redevelopment
Plan, the Agency Staff negotiated with Watt Industries, Inc. fora proposed
Disposition and Development Agreement for the sale of,real property in the
Redevelopment Project to the Developer for the development of a mixed -use
office/hotel/retail complex; and
WHEREAS, the Agency Staff has assessed the environmental impact
of the proposed development pursuant to an initial study as required by
law; and
WHEREAS, the Agency Staff has made certain recommendations
pertaining to such proposed agreement; and
WHEREAS, pursuant to Sections 33433 and 33434 of the California
Community Redevelopment Law (California Health and Safety Code Section
33000 et seq.), the City Council shall hold a public hearing on such
proposed Disposition and Development Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of West Covina as follows:
SECTION 1. The City Council hereby authorizes that a public
hearing be held on such proposed Disposition and Development Agreement.
SECTION 2. The City Council hereby authorizes and consents to
holding such public hearing in conjunction, concurrent, and jointly with
the public hearing to be held by the Agency on such matters.
SECTION 3. The City Council hereby authorizes the City Manager
to set the time, date, and place of said public hearing.
• SECTION 4. The City Council hereby authorizes the City Clerk, in
cooperation with the Agency Secretary, to publish notice of such public
hearings in the West Covina Tribune, and hereby further authorizes the City
Clerk to make available for public inspection a copy of such proposed
Disposition and Development Agreement, a copy of the recommendations of the
Agency Staff, and copies of the summaries and reports required by law.
Resolution No. 7164
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L.J
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SECTION 5. The City Clerk shall certify to the adoption of this
resolution:
APPROVED AND ADOPTED this 24th day of March 1986.
Mayor
ATTEST:
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C ty Clerk
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I HEREBY CERTIFY that the foregoing Resolution No. was
duly adopted by the City Council of the City of West. Covina at a, regular
meeting thereof held on the 24th day of March 1986, by the following
vote:
AYES: Shearer, Chappell, Bacon, Manners
NOES: None
ABSENT: None
ABSTAIN: Tennant
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° C ty Clerk
APPROVED AS TO FORM:
CA-..
City Attorney