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Resolution - 8062RESOLUTION NO. 8062 • RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA CERTIFYING THAT THE AGENCY HAS REVIEWED AND CONSIDERED INFORMATION CONTAINED IN THE INITIAL STUDY AND A FINAL ENVIRONMENTAL IMPACT REPORT FOR THE DEVELOPMENT PROPOSED PURSUANT TO A RESTATED DISPOSITION AND DEVELOPMENT AGREEMENT WITH WATT INVESTMENT PROPERTIES, INC.; MAKING CERTAIN FINDINGS AND DETERMINATIONS REGARDING • ENVIRONMENTAL IMPACTS OF SAID PROPOSED DEVELOPMENT; AND ADOPTING A STATEMENT OF OVERRIDING CONSIDERATIONS WHEREAS, pursuant to the California Environmental Quality Act ("CEQA") and State and Agency Guidelines adopted pursuant thereto, the Redevelopment Agency of the City of West Covina ("Agency") prepared a Final Environmental Impact Report ("EIR") with respect to a proposed development described as the Vincent -Glendora Center Site ("Site") in the Central Business District Redevelopment Project; and WHEREAS, the City Council on October 4, 1982, after a duly noticed joint public hearing, by Resolution No. 6605 certified that the Council had reviewed and considered the information contained in said EIR, made certain findings and determinations regarding the environmental impacts of the proposed development, adopted a Statement of Overriding Considerations with respect to the unavoidable significant effects of the development, and by Resolution No. 6606 approved the execution of a Disposition and Development Agreement for the sale and development of the Site ("Vincent -Glendora DDA"); and WHEREAS, the Agency terminated the Vincent -Glendora DDA and on April 28, 1986 the Council by Resolution No. 7174 approved the execution of a Disposition and Development Agreement with Watt Investment Properties, Inc. ("Watt Agreement") for the sale and development of the Site ("Atrium Development"); and WHEREAS, the Council, pursuant to an Initial Study of 1986 and review of the October 4, 1982 EIR and the other previous environmental documents for the Project Area, found and determined that the proposed Atrium Development pursuant to the Watt Agreement would have no significant effect on the environment except as identified and considered in the EIR of October 4, 1982; and WHEREAS, the Agency now proposes to enter into a Restated Disposition and Development Agreement with Watt Investment Properties, Inc. ("Restated Agreement") in order to accommodate a reconfiguration of the Site, a redesign of the • improvements to be developed thereon, and a change in conveyancing, which Restated Agreement amends, supersedes and replaces the Watt Agreement in its entirety; and WHEREAS, the Agency has prepared and reviewed an Initial Study dated June 2, 1987 to determine if the proposed development pursuant to the Restated Agreement ("The Lakes at West Covina Development") will have significant effects on the environment in addition to those identified in the Initial Study of 1986, the EIR of 1982 and the other previous environmental documents for the Project Area; and WHEREAS, the Agency and the Council have considered the environmental effects of the proposed Development as shown in the Initial Study of June 2, 1987, the Initial Study of 1986 and the EIR; • NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of West Covina as follows: 1. The City Council hereby certifies that the information contained in the Initial Study of June 2, 1987, the Initial Study of 1986 and the EIR of 1982 has been reviewed and considered by the Council. 2. The City Council hereby further certifies that the • significant environmental effects of The Lakes at West Covina Development considered in the Initial Study of June 2, 1987, the Initial Study of 1986 and the EIR have been considered and recognized by the Council. 3. The City Council hereby finds and determines that: a. No substantial changes are proposed in The Lakes at West Covina Development, or with respect to the circumstances under which the Development is to be undertaken, which will require major or important revisions in the EIR previously certified, due to the involvement of new significant environmental impacts not covered in the EIR; b. No new information of substantial importance to the Development has become available which was not known or could not have been known at the time the EIR was certified as complete, and which shows that the Development will have any significant effects not discussed previously in the EIR, or that any significant effects previously examined will be substantially more severe than shown in the EIR, or that any mitigation measures or alternatives previously found not to be feasible or not previously considered would substantially reduce or lessen any significant effects of the Development on the environment; C. No subsequent EIR or supplement or addendum to the EIR is necessary or required; and d. The development and operation of The Lakes at West Covina Development pursuant to the Restated Agreement will have no significant effect on the environment except as identified and considered in the EIR. 4. Based upon the Initial Study of June 2, 1987, the Initial Study of 1986 and other information in the record, the City Council hereby approves and adopts the EIR of October 4, 1982 and the Findings and Determinations and Statement of Overriding Considerations contained in City Council Resolution No. 6605 for The Lakes at West Covina Development. 5. The City Council hereby authorizes and directs that a Notice of Determination with respect to the Initial Study of • June 2, 1987, the Initial Study of 1986 and the Environmental Impact Report pertaining to the proposed Restated Disposition and Development Agreement, if approved, and all other Agency actions taken in furtherance thereof be filed. 6. The City Clerk shall certify to the adoption of this Resolution. 2 ATTEST: IV 100111- . I HEREBY CERTIFY that the foregoing Resolution No. 8062 was duly adopted by the City Council of the City of West Covina at a regular meeting thereof held on the 22nd day of June 1987, by the following vote: • AYES: Councilmember: Bacon, Shearer, Manners, Chappell NOES: Councilmember: Tennant ABSENT: Councilmember: None ABSTAIN: Councilmember: None Cityi lerk APPROVED AS TO FORM: City Attorney WC-W/EIR.C/Res 3