Home
Clerk
>
Redevelopment Agency
>
Resolutions
>
2002
>
R-697
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/17/2006 6:01:48 PM
Creation date
3/25/2002 7:51:54 PM
Metadata
Fields
Template:
General
General - Type
Resolutions
General 2 - Date
3/12/2002
Number
R-697
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
<br />RESOLUTION NO. 697 <br /> <br />A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE <br />CITY OF RIVERSIDE, CALIFORNIA, APPROVING THAT CERTAIN <br />LAND LEASE WITH OPTION TO PURCHASE BY AND BETWEEN <br />THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE <br />AND RIVERSIDE COMMUNITY COLLEGE DISTRICT. <br /> <br />WHEREAS, the Redevelopment Agency of the City of Riverside, California <br />("Agency") is engaged in activities necessary to execute and implement the Redevelopment Plan <br />for the Merged Downtown/Airport Industrial Redevelopment Project Area ("Redevelopment <br />Project Area"); and <br /> <br />WHEREAS, in order to implement the Redevelopment Plan for the <br />Redevelopment Project Area, the Agency proposes to lease four parcels (the "Property") located <br />at 3845 Market Street, 3847 and 3907 Whittier Place, pursuant to the terms and provisions of a <br />certain Land Lease with Option to Purchase ("Agreement") by and between the Agency and <br />Riverside Community College District ("Tenant"); and <br /> <br />WHEREAS, the Agreement proposes that the Agency will lease real property <br />located in the Redevelopment Project Area and which property is described in said Agreement <br />by entering into the Agreement with the Tenant; and <br /> <br />WHEREAS, the proposed Agreement contains all the proVISIons, terms, <br />conditions and obligations required by State and local law; and <br /> <br />WHEREAS, the Agency has prepared, and the City Council has reviewed and <br />considered, a summary setting forth the cost of the Agreement to the Agency and including the <br />Lease of real property to the Tenant and has made said summary available for public inspection <br />in accordance with the California Community Redevelopment Law, Health and Safety Code; and <br /> <br />WHEREAS, pursuant to provisions of California Community Redevelopment <br />Law, Health & Safety Code, the Agency and the City Council have noticed and held a duly <br />noticed joint public hearing on the proposed Agreement; and <br /> <br />WHEREAS, the City Council has considered all terms and conditions of the <br />proposed Agreement, and has determined that the redevelopment of the Project pursuant to the <br />proposed Agreement is in the best interests of the City and in accord with the public purposes <br />and provisions of applicable State and local laws, <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of <br />the City of Riverside as follows: <br /> <br />Section 1. The Agency hereby finds and determines that the lease of the <br />Property, pursuant to the Land Lease with Option to Purchase between the Agency and Tenant, <br />will assist in the elimination of blight and is necessary to effectuate the purposes of the <br />Redevelopment Plan for the reasons set forth in the srnnmary, <br /> <br />-1- <br />
The URL can be used to link to this page
Your browser does not support the video tag.