HomeMy WebLinkAbout2007-06-12; Housing & Redevelopment Commission; Resolution 4401 RESOLUTION NO. 440
2 A RESOLUTION OF THE HOUSING AND
REDEVELOPMENT COMMISSION OF THE CITY OF
3 CARLSBAD, CALIFORNIA, APPROVING THE FIRST
AMENDMENT TO THE LEASE AGREEMENT BETWEEN
NEW VILLAGE ARTS THEATRE AND THE CARLSBAD
5 REDEVELOPMENT AGENCY TO EXTEND THE LEASE
TERM FOR 2787-B STATE STREET TO JUNE 30, 2009.
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7 WHEREAS, the Carlsbad Redevelopment Agency entered into an Lease
8 Agreement with New Village Arts Theatre for property located at 2787-B State Street,
9 originally known as the Bauer Lumber Building; and
10 WHEREAS, the subject site was acquired by the Redevelopment Agency with
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the intent of facilitating redevelopment of the site as well as other properties at the
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corner of State Street and Grand Avenue; and13
WHEREAS, it is anticipated that it will be at least two years before
15 redevelopment of the site will occur; and
16 WHEREAS, there is a need within the community to make continued use of the
17 subject building/space and determine the economic benefit of a live theater in the
18 Village Redevelopment Area; and
19 WHEREAS, California Redevelopment Law permits the Agency to Rent,
20 maintain, manage, operate, repair and clear property purchased for the purpose of
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redevelopment; and
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WHEREAS, the Agency has determined that it is appropriate and necessary to
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extend the term of the subject lease for entertainment purposes until such time as a
25 redevelopment project may be implemented.
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1 NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
2 Commission of the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct.
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2. The Commission hereby determines that the building located at 2787
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State Street, and owned by the Redevelopment Agency, shall continue to
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benefit the redevelopment area through its use for entertainment purposes
through a lease extension with New Village Arts Theatre with a term ending
9 June 30, 2009 according to the terms set forth in the First Amendment to the
10 Lease Agreement provided as Exhibit 2, and hereby approves said First
Amendment.
12 3. The Commission hereby authorizes the Chairman of the Housing and
13 Redevelopment Commission to execute the approved First Amendment to the
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Lease Agreement between the Carlsbad Redevelopment Agency and New
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Village Arts Theatre extending the term of the lease for the property located at16
2787-B State Street, to June 30, 2009, subject to approval of the City
Attorney, who serves as legal Counsel to the Carlsbad Redevelopment
19 Agency.
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PASSED, APPROVED AND ADOPTED at a Special Meeting of the Housing and
Redevelopment Commission of the City of Carlsbad on the 12th day of June .
2007, by the following vote, to wit:
AYES:
NOES:
ABSENT:
Commissioners Lewis, Kulchin, Hall, Packard
None
Commissioner Nygaard
RAYMOND R. PATCHETT, SECRETARY
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