HomeMy WebLinkAbout2007 CC RESO 2007-31 CDCRESOLUTION 2007 — 31
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY AUTHORIZING THE CHAIRMAN
TO EXECUTE A MUTUAL RESCISSION AGREEMENT
WITH OLSON URBAN HOUSING, LLC
WHEREAS, the Community Development Commission of the City of National
City ("CDC") and Olson Urban Housing, LLC ("Developer") entered into a Disposition and
Development Agreement ("Agreement") on or about March 23, 2004, for the redevelopment of a
certain approximately 1.26 acre portion of the National City Redevelopment Project; and
WHEREAS, the CDC and the Developer have now determined that it is in their
best interests to rescind the Agreement.
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City hereby authorizes the Chairman to execute a Mutual
Rescission Agreement by and between the CDC and Olson Urban Housing, LLC. Said
Agreement is on file in the office of the City Clerk.
PASSED and ADOPTED this 20th day of February,
Ron Morfison, air
ATTEST:
APPROVED AS TO FORM:
George H. Eiser, III
Legal Counsel
Passed and adopted by the Community Development Commission of the City of
National City, California, on February 20, 2007, by the following vote, to -wit:
Ayes: Commissioners Morrison, Natividad, Parra, Ungab, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secretary, opment Commission
By:
Deputy
I. HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2007-31 of the Community Development Commission of the City of
National City, California, passed and adopted on February 20, 2007.
Secretary, Community Development Commission
By:
Deputy