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Resolution - 8097• • E RESOLUTION NO. 8097 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA AUTHORIZING AND CONSENTING TO A PUBLIC HEAR- ING BEING HELD ON A PROPOSED OWNER PARTICIPATION AGREEMENT BETWEEN THE WEST COVINA REDEVELOPMENT AGENCY AND HASSEN IMPORTS, PARTNERSHIP, FOR REAL PROPERTY LOCATED WITHIN THE WEST COVINA REDEVELOP- MENT CENTRAL BUSINESS DISTRICT REDEVELOPMENT PRO- JECT; 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 (HASSEN IMPORTS, PARTNERSHIP) WHEREAS, the Redevelopment Agency of the City of West Covina (the "Agency") is engaged in activities necessary to carry out and implement the Redevelopment Plan for the Central Business District Redevelopment Project: and WHEREAS, in order to carry out and implement such Redevelop- ment Plan, the Agency Staff negotiated with Hassen Imports, Partnership for a proposed Owner Participation Agreement for the sale of real pro- perty in the Redevelopment Project to the Participant for the expansion of their existing automobile dealership; and WHEREAS, the Agency Staff has prepared an environmental report as required by law; and whereas, the Agency Staff has made certain recommendations per- taining to such proposed Agreement; and WHEREAS, pursuant to Sections 33433 and 33434 of the Calif- ornia Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.), the City Council shall hold a public hearing on such proposed Owner Participation 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 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 Redevelopment 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 hearings according to and .as required by law, and hereby further author- izes the City Clerk to make available for public inspection a copy of such proposed Owner Participation Agreement, a copy of the recommenda- tions of the Agency Staff, a copy of the environmental report, and copies of the summaries and reports required by law. • -2- SECTION 5. The City Clerk shall certify to the adoption of this Resolution. APPROVED AND ADOPTED this 31st day of August • nn 1 1987. V Mayor 0 ATTEST: I HEREBY CERTIFY that the foregoing Resolution No. 8097 was duly adopted by the Governing Board of the Redevelopment Agency of the City of West Covina at an adjourned regular meeting thereof held on the ii-t day of _ August , 1987, by the following vote: AYES: Councilmembers: Tennant, Bacon, Shearer, Manners, Chappell NOES: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: None APPROVED AS TO FORM: &L Cxotx City Attorney MM111PD City Clerk