HomeMy WebLinkAboutReso RDA 11-1986 RESOLUTION~NO~ 11-86
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING THE EXECUTION OF AN OWNER PARTICIPATION
AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY
OF THE CITY OF SOUTH SAN FRANCISCO,.THE CITY OF SOUTH SAN FRANCISCO
AND NEVILLE H. PRICE AND ROSEMARY C.I. PRICE
{MODIFIED SHEARWATER DEVELOPMENT PROJECT)
RESOLVED, by the Members of the Redevelopment Agency of the City of South
San Francisco, that
WHEREAS, in furtherance of the objectives of the Community Redevelopment Law,
the Agency has undertaken a program for the clearance and reconstruction or re-
habilitation of slum and blighted areas in the City, and in this connection is
engaged in carrying out a redevelopment project known as the U.S. Steel Redevelop-
ment Project (hereinafter referred to as "Project"), in an area (hereinafter
referred to as "Project Area"), located in the City; and
WHEREAS, in furtherance of the implementation of the Project the Agency has
undertaken various redevelopment activities consisting of survey and planning for
the Project, administration, and the adoption of a preliminary and redevelopment
plan, and contemplates further redevelopment activities consisting of the imple-
mentation thereof; and
WHEREAS, the Plan provides 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 participation in conformity with the Plan, and .i
WHEREAS, NEVILLE H. PRICE and ROSEMARY C.I. PRICE (hereinafter "owners") the
owners of certain property situated within the Project Area; and
WHEREAS, the Property, as hereinafter defined, will be developed for office,
commercial and ancillary uses, through a combination of private and public
improvements; and
i T' I
WHEREAS, the Agency believes that the redevelopment of the property pur-
suant to this agreement, and the fulfillment generally of this 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, BE IT RESOLVED by the Redevelopment Agency of the City of
South San Francisco that the Chairman of the Agency and the Executive Director/
Secretary is authorized to enter into an Owner Participation and Development
Agreement with the owner for the financing, construction and development of a
proposal known as the Modified Shearwater Development Project, which deletes the
Residential Component of the previously approved Shearwater Development Project.
BE IT FURTHER RESOLVED that this Resolution supersedes Resolution No. 79.
I hereby certify that the foregoing Resolution was regularly introduced
and adopted by the Redevelopment Agency of the City of South San Francisco
at an Adjourned meeting held on the 17th day of December , 1986 , by
the following vote:
AYES: Chairman Mark N. Addiego; Vice Chairman Jack Drago; Members Richard A. Haffey;
Gus Nicolopulos; Roberta Cerri Teglia
NOES: NONE
ABSENT: NONE
City of South San Francisco
ATTEST:
Redevelopment Agency of the City
of South San Francisco
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