HomeMy WebLinkAboutCC RESO 13,727RESOLUTION NO. 13 , 727
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA AUTHORIZING EXECUTION OF ADDENDUM NO. II TO THE
MASTER AGREEMENT BETWEEN THE CITY, THE PARKING AUTHORITY AND
MAY CENTERS, INC.
WHEREAS, the City of National City, the Parking Authority
of the City of National City and the May Stores Shopping Centers,
Inc., now May Centers, Inc., entered into a Master Agreement in
connection with the Plaza Bonita Regional Shopping Center, National City,
California, dated June 12, 1977; and
WHEREAS, said Agreement was amended by Addendum No. 1 executed
by the parties on November 18, 1977, which Addendum adjusted grant in
aid amounts and provided for funding of the purchase of the parking
facility site and other land within the Sweetwater River Flood Control
Channel and within an abutting open space area; and
WHEREAS, further amendment of said Agreement is needed at
this time to fulfill the purpose and intent of the original Agreement
and to reflect the current finance and bond market;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of National City, California that the Mayor is hereby authorized
to execute, on behalf of the City, Addendum No. II to the Master Agreement
between the City, the Parking Authority and May Centers, Inc. and the
City Clerk is authorized to attest thereto.
A copy of said Addendum is on file in the Office of the City
Clerk and reference is hereby made to all particulars contained therein.
PASSED AND ADOPTED this 19th day of January, 1982.
Kile Morgan, Mayor
ATTEST:
Ion Campbell, City Clerk