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HomeMy WebLinkAboutCC RESO 2008-144• • • RESOLUTION NO. 2008 — 144 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE MAYOR TO EXECUTE AN ADDENDUM TO THE AGREEMENT BETWEEN THE CITY OF NATIONAL CITY AND CONSTELLATION PROPERTY GROUP REGARDING RELOCATION COSTS FOR THE INTERNATIONAL LONGSHORE AND WAREHOUSE UNION LOCAL NO. 29 OFFICES WHEREAS, on October 3, 2006, the City Council adopted Resolution No. 2006- 212, approving an Agreement with Constellation Property Group for the payment of $70,000 to the City for the cost of tenant improvements to the former National City Public Library located at 41 East 12th Street to accommodate the relocation of the International Longshore and Warehouse Union Local No. 29 offices; and WHEREAS, the City and Constellation Property Group desire to amend the Agreement to modify the method and timing of payment for the Constellation Property Group portion of costs of the relocation costs by allowing $25,171.50 to be credited against the $70,000 relocation costs and require the developer to pay 4.5 percent (4.5%) interest toward a pay-off date of June 15, 2010. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes the Mayor to execute the Addendum to the Agreement between the City of National City and Constellation Property Group modifying the method and timing of payment for the Constellation Property Group portion of costs of the relocation costs by allowing $25,171.50 to be credited against the $70,000 relocation costs and require the developer to pay 4.5 percent (4.5%) interest toward a pay-off date of June 15, 2010. Said Addendum to Agreement is on file in the office of the City Clerk. PASSED and ADOPTED this 15th day of July, 20 ATTEST: /r Mic -el R. Dall City Clerk APPROVED AS TO FORM: George H. Eiser, III City Attorney Ron Morrison, Mayor Passed and adopted by the Council of the City of National City, California, on July 15, 2008 by the following vote, to -wit: Ayes: Councilmembers Morrison, Natividad, Parra, Ungab, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California C rk /' /f/ of the Cityo City /)(lational City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2008-144 of the City of National City, California, passed and adopted by the Council of said City on July 15, 2008. City Clerk of the City of National City, California By: Deputy