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RDA RES 1984-004RESOLUTION NO. 84 -4 RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY APPROVING RULES AND REGULATIONS REGARDING OWNER PARTICIPATION AND BUSINESS RE- ENTRY THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS: Section 1. The Agency hereby approves the Rules Governing Participation by Owners and Re -entry in Business in Project Area No. 1, attached hereto as Exhibit A. Section 2. The Secretary of the Agency is hereby authorized and directed to cause such Mules to be made available to the public and to cause notice of the availability of such Rules to be posted and published. PASSED, APPROVED AND ADOPTED September 4, 1984. A'rrEST : I HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. RDA 84 -4 passed and adopted by Rancho Palos Verdes Redevelopment Agency at a regular meeting thereof held on September 4, 1984. Jo Lofthus, `" "re e Agency RULES GOVERNING PARTICIPATION BY OWNERS AND RE -ENTRY IN BUSINESS IN PROJECT AREA NO. 1 OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY Section 1: Introduction. These rules are promulgated pursuant to the Community Redevelopment Law, California Health and Safety Code Sections 33000 et seq. Because of the limited scope of redevelopment activities proposed to be undertaken by the Agency, it is anticipated that these rules will not have any broad application. The Project Area consists of approximately two hundred residential dwelling units and one group of buildings devoted to a commercial use as a riding stable. It is anticipated that each of these uses will remain in the Project Area and that reference to these rules will be made only under extraordinary circumstances. Section 2. Definitions. The following terms shall have the following meanings unless the context requires otherwise: A. "Agency" means the Rancho Palos Verdes Redevelopment Agency. B. "City" means the City of Rancho Palos Verdes. C. "City Council" means the City Council of the City. D. "Owner" means any person or persons, corporation, association, partnership, or other entity holding title of record to real property in the Project Area and, where applicable, includes business occupants. E. "Participation Agreement" means agreements entered into by the Agency and an Owner pursuant to these Rules. F. "Project Area" means the territory described in Section 9 of the Redevelopment Plan. G. "Redevelopment Plan" means the Redevelopment Plan for Project Area No. 1 of the Agency. H. "Rules" means these Rules Governing Participation by Owners Re -entry in Business in Project Area No. 1 of the Rancho Palos Verdes Redevelopment Agency. Section 3. Eligibility. Any owner shall be eligible to participate within the Project Area in accordance with these Rules. -1- #7RDA -A13 EXHIBIT "A" RESOLUTION NO. RDA 84 -4 Section 4. Preference to Owners. Owners whose property may be acquired by the Agency shall be given preference by the Agency to acquire other property in the Project Area from the Agency. Section 5. Participation Procedures. At the time property is acquired from an Owner by the Agency, the Owner should submit a notice and statement of interest to the Agency indicating the Owner's interest to be afforded the preferences indicated in these Rules. The Agency shall maintain a list of all Owners who have submitted a notice and statement of interest to the Agency. -2- #7RDA -A14 EXHIBIT "A" RESOLUTION NO. RDA 84 -4