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1979-609RESOLUTION NO. 79R -609 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM APPROVING THE TERMS AND CONDITIONS OF AN AGREEMENT BETWEEN THE CITY OF ANAHEIM AND LAS TIENDAS DE YORBA, A LIMITED PARTNERSHIP, BY SANTA ANITA DEVELOPMENT CORPORATION, GENERAL PARTNER, RELATING TO TRAFFIC SIGNAL INSTALLATION AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID AGREEMENT FOR AND ON BEHALF OF THE CITY OF ANAHEIM. WHEREAS, Las Tiendas de Yorba, a limited partner- ship, (hereinafter "Developer is the owner of certain property in the City of Anaheim, County of Orange, State of California; and WHEREAS, Developer has heretofore obtained approval from the City of Reclassification No. 73 -74 -25 for a zoning reclassification of said property; and WHEREAS, a condition of said zoning reclassification approval requires Developer to pay for the cost of installa- tion of traffic signalization at the intersection of Avenida Margarita and Santa Ana Canyon Road; and WHEREAS, Developer and the City desire to enter into an agreement for the reimbursement to Developer of a portion of said cost upon development of certain adjacent property; and WHEREAS, an agreement has been prepared, the terms and conditions of which are satisfactory to the City of Anaheim. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the terms and conditions of an agreement between the City and Developer be, and the same are hereby approved. BE IT FURTHER RESOLVED that the Mayor and City Clerk be, and they are hereby, authorized and directed to execute said agreement for and on behalf of the City of Anaheim. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim t is c�.day of October, 1979. ATTEST: Y LERK OF T CITY OF ANAHEIM JLW: jh THE I i OF ANAHEIM STATE OF CALIFORNIA COUNTY OF ORANGE ss. CITY OF ANAHEIM I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No. 79R -609 was introduced and adopted at a regular meeting provided by law, of the City Council of the City of Anaheim held on the 23rd day of October, 1979, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Resolution No. 79R- 609 on the 23rd day of October, 1979. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the City of Anaheim this 23rd day of October, 1979. (SEAL) uozsiATG 2uipiing aeauigug A4TD ..T u oTjjval, CITY ERK OF THE CI OF ANAHEIM I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No.' 79R -609 duly passed and adopted by the Anaheim City Council on October 23, 1979.