HomeMy WebLinkAboutReso RDA 29-1981 RESOLUTION NO. 29
RESOLUTION AUTHORIZING THE AMENDMENT OF
AN OWNER PARTICIPATION AND DEVELOPMENT
AGREEMENT BY AND BETWEEN THE REDEVELOPMENT
AGENCY OF THE CITY OF SOUTH SAN FRANCISCO
HOMART DEVELOPMENT COMPANY AND GENENTECH, INC.
AND THE CITY OF SOUTH SAN FRANCISCO
RESOLVED, by the Members of the Redevelopment Agency of
the City of South San Francisco, that
WHEREAS, in furtherance of the objections of the Community
Redevelopment Law, the Agency has undertaken a program for the
clearance and reconstruction or rehabilitation of slum and blighted
areas in the City, and in this connection is engaged in carrying
out a redevelopment project known as The Gateway Redevelopment
Project (hereinafter referred to as "Project"), in an area (here-
inafter referred to as "Project Area"), located in the City; and
WHEREAS, in furtherance of the implementation of the Pro-
ject the Agency has undertaken various redevelopment activities
consisting of, inter alia, survey and planning for the Project,
administration, and the adoption of a preliminary redevelopment
plan, and contemplates further redevelopment activities consist-
ing of, inter alia, the adoption of a final redevelopment plan
and the implementation thereof; and
WHEREAS, the Plan will provide for the participation in
the redevelopment of certain parcels of property in the Project
Area by the owners thereof if such owners agree to such partici-
pation in conformity with the Plan, and
WHEREAS, HOMART DEVELOPMENT COMPANY is the owner of cer-
tain property situated within the Project Area and has executed
an Owner Participation Agreement with the City of South San Fran-
cisco and the Agency; and
WHEREAS, the parties to the Owner's Participation Agreement
desire to amend said Agreement; and
WHEREAS, the Agency believes that the redevelopment of the
Property pursuant to-this Amendment, and the fulfillment generally
of this amended agreement, are in,the vital and best interests of
the City and the health, safety, morals, and welfare of its
residents, and in accord with the public purposes and provisions
of the applicable Federal, State and local laws and requirements
under which the Project has been undertaken and is being assisted:
NOW, THEREFORE, IT IS FOUND, DETERMINED and ORDERED as
follows:
1. That the Chairman of the Agency and the Executive
Director/Secretary is authorized to enter into an Amendment to
the Owner Participation and Development Agreement in the form
attached hereto and incorporated by reference and attachment as
though set forth at length herein.
ADOPTED, SIGNED AND APPROVED this 30th day of
December , 1981.
Chairmafi,-Redev~lopment Agency
AYES: Members R0na]d G. Acosta, Mark N. Addle§0, £manue]e N. Dam0nte,
Gus Nic0]0pu]0s, and R0berta C. le§]~a
NOES: None
ABSENT: None
ATTEST:
~:xecutive Director / ~ecretary
- 2 -