HomeMy WebLinkAboutRDA Res 71-02 1971-01-11
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RESOLUTION NUMBER
71-2
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
SEAL BEACH, CALIFORNIA, AFFECTING CERTAIN
CHANGES IN FORMAT OF FUTURE AGENCY-OWNER
PARTICIPATION AGREEMENTS.
WHEREAS,
Article 6, Chapter 4, of the community Redevelopment
Law of the Health 'and.Safety Code of the State of
California, permits, under certain conditions, owner
participation in the redevelopment of property in
a specified project areal and
WHEREAS,
Said conditions, including the responsibilities of
both the Agency and the property owner, are recorded
in an Owner Participation Agreementl and
WHEREAS,
A superior system of auditing compliance with those
conditions described in Sections 33380 and 33381 of
said Code would be realized by including certain
checks and balances in the negotiation of future
Agencv-Owner Participation Agreementsl
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF SEAL BEACH, CALIFORNIA,
DOES HEREBY RESOLVE AS FOLLOWS:
section 1. That all future agency-approved owner participation
agreements shall bear the signatures of the chairman, vice chair-
man, and executive director-secretary of the agency attesting
to the validity of the agency approval or disapproval.
PASSED, APPROVED, AND ADOPTED by the Redevelopment Agency of
Seal Beach, California, at a meeting thereof held on the 11th
day of January, 1971, by the following vote:
AYES:
Members' .:~arnes, Covington, Jackson, Lindstrom, Scheiblauer
NOES:
Member.s I. "None
ABSENT:
Members " None
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Executive Director-Secretary
Resolution Number
originated by: