HomeMy WebLinkAboutResolution - 01-02 RESOLUTION NO. RDA 01-2
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SAN JACINTO, CALIFORNIA, APPROVING THE FIRST
AMENDMENT TO THE DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND BETWEEN THE AGENCY AND FUN
PROPERTIES, LLC
WHEREAS, the Redevelopment Agency of the City of San Jacinto
("Agency") is a public body, corporate and politic, organized and existing under
the California Community Redevelopment Law (Health & Safety Code d3300 et
sec.) ("CRL"); and
WHEREAS, by previous action of the Agency, and by the City Council of
the City of San Jacinto (the "City Council" or "City", as appropriate), the
Redevelopment Plan for the San Jacinto Project Area was established; and
WHEREAS, the Agency entered into a Disposition and Development
Agreement dated February 7, 1995, ("DDA"), by and between the Agency and
Fun Properties LLC, a California limited liability Company ("Developer") to
provide for the development of a commercial, retail, and entertainment project n
a site located within the San Jacinto Redevelopment Project Area ("Site"): and
WHEREAS, the Site was conveyed to Redeveloper on December 29,
1995, pursuant to the DDA, and the Developer subsequently constructed an
entertainment center, an indoor skating rink, an outdoor skating rink, and a
parking lot on the Site; and
WHEREAS, the DDA provided for a loan from the Agency to the
Developer in the amount of $327,484.00 for construction and deferred mitigation
fees ("Agency Loan"); and
WHEREAS, on November 19, 1997, the Agency authorized the
conversion of the entertainment center to a health club facility, pursuant to the
negotiation of an amendment to the terms of the DDA; and
WHEREAS, the Agency and the Developer have negotiated the First
Amendment to the approved DDA to provide for the development of the fitness
center, the lease of a portion of the parking lot, and a modification of the terms of
the Agency loan to the Developer.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY
OF SAN JACINTO, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Agreement is consistent with the Agency's adopted
Implementation Plan for the Project Area.
Section 2. The Agency President and Executive Director are authorized
and directed to take such actions and execute such documents as may be
necessary to implement and effect this Resolution and the Agreement on behalf
of the Agency.
PASSED, APPROVED, AND ADOPTED at a Regular Meeting of the
Redevelopment Agency this 7th day of June, 2001.
Patrick A. Williams, President
ATTEST:
Susan Matthew, Agency Secretary
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF SAN JACINTO
I, Susan Matthew, Agency Secretary of the San Jacinto Redevelopment
Agency of the City of San Jacinto, California, do hereby certifiy that Resolution
No. 01-2 was adopted by the Redevelopment Agency of the City of San Jacinto
at a regular meeting held on the 7th day of June, 2001, and that the same was
adopted by the following vote:
Ayes:
Noes:
Absent:
Abstain:
Susan Matthew, Agency Secretary
NOTE TO FILE:
RDA Resolution No. 01-2 was passed and adopted but never printed and signed prior to
Chairman Patrick A. Williams leaving office and City Clerk Susan Matthew no longer
being employed with the City of San Jacinto.
Dor thy L. Cho nard, City Clerk