HomeMy WebLinkAboutRDA Res 69-11 1969-04-07
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RESOLUTION NUMBER 69-11
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SEAL BEACH APPROVING AND AUTHORIZING THE
EXECUTION OF AN OWNER-PARTICIPATION AGREEMENT
WITH SIBARCO STATIONS, INC. FOR THE RIVERFRONT
REDEVELOPMENT PROJECT.
WHEREAS The Agency has undertaken redevelopment activities pur-
suant to the California Community Redevelopment Law; and
WHEREAS, The Agency has prepared a Redevelopment Plan for the
proposed Riverfront Redevelopment Project; and
WHEREAS, Said Redevelopment Plan provides for the participation
in the redevelopment of the project area by the owners of property
therein if the owners agree to redevelop their property in accord-
ance with the Redevelopment Plan; and
WHEREAS, The Agency has prepared rules governing the participation
by owners in the proposed Redevelopment Project; and
WHEREAS, Sibarco Stations, Inc. is the owner of certain property
in the project area and desires to participate in the redevelop-
ment of such property pursuant to the proposed rules and the
Redevelopment Plan;
NOW, THEREFORE, BE IT RESOLVED:
1. That the proposed "Property OWners Participation
and 'Redevelopment Agreement" attached hereto as
Exhibit "An and incorporated herein is hereby
approved.
2. That the Executive Director is hereby authorized
to execute said Agreement with Atlantic Richfield
Company.
PASSED, APPROVED, AND ADOPTED by the Redevelopment Agency of the
City of Seal Beach at a meeting thereof held on the
by the following vote:
AYES:
NOES:
ABSENT:
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