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HomeMy WebLinkAboutCC RESO 12,887RESOLUTION NO. 12,887 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY CA., AUTHORIZING A SECOND ADDENDUM TO A MASTER AGREEMENT AND AUTHORIZING AND ALLOCATING A CASH GRANT IN AID TO THE PARKING AUTHORITY OF THE CITY OF NATIONAL CITY WHEREAS, the City Council of the City of National City, on August 15, 1978 adopted its Final 1978-1979 Budget, including its General Revenue Sharing Budget for 1978-1979; and WHEREAS, said General Revenue Sharing Budget included a $784,600 grant to the Parking Authority of the City of National City, California; and WHEREAS, the Parking Authority has need of such funds at this time; and WHEREAS, the City Council of the City of National City authorized execution of a Master Agreement which was executed by the Mayor on July 12, 1977 and authorized an Addendum to said Master Agreement on November 15, 1977; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes and allocates a cash grant in the amount of $784,600 to the Parking Authority of the City of National City for Plaza Bonita Regional Shopping Center Development. BE IT FURTHER RESOLVED that the Mayor is hereby authorized to execute a second Addendum to the Master Agreement among the City of National City, the Parking Authority of the City of National City and the May Shopping Centers, Inc. executed by the parties on July 12, 1977. PASSED AND ADOPTED this 8thday of November, 1978. Kile Morgan, ATTEST: Ione Campbell, Citj Clerk