HomeMy WebLinkAboutCC RESO 10,062RESOLUTION NO. 10,062
RESOLUTION APPROVING AND PROVIDING FOR EXECUTION
OF A PROPOSED CONTRACT OF INDEMNITY BETWEEN THE
CITY OF NATIONAL CITY AND THE REDEVELOPMENT AGENCY
OF THE CITY OF NATIONAL CITY TO BEAR ANY LOSS
RELATIVE TO EARLY LAND ACQUISITION CONTRACT NO.
CALIF. R-127 (TL) PROJECT NO. CALIF. R-127 BETWEEN
THE UNITED STATES OF AMERICA AND THE REDEVELOPMENT
AGENCY OF THE CITY OF NATIONAL CITY
WHEREAS, the Redevelopment Agency of the City of
National City (herein called the "Local Public Agency") has
tendered to the City of National City (herein called the
"Local Government") an Agreement of Indemnity, pursuant to
which the Local Government would bear any loss as may result
from the Local Public Agency's carrying out a Contract with
the United States of America (herein called the "Federal
Government") known as "Early Land Acquisition Contract" Proj-
ect No. Calif. R-127, Contract No. Calif. R-127 (TL), in the
Urban Renewal Area described, and in accordance with the
terms stated therein; and
WHEREAS, it is the intent of the Local Government
to bear any loss as contemplated by Sec. 102(a) of Title I
of the Housing Act of 1949, as amended, which may result in
carrying out said Early Land Acquisition Contract, with res-
pect to said parcel; and
WHEREAS, the Local Government has given due con-
sideration to said proposed Contract of Indemnity, and to
the Terms and Conditions of said Early Land Acquisition Con-
tract, and the Local Government is duly authorized, under
and pursuant to the Constitution and laws of the State of
California, to execute and undertake the obligations con-
tained in said Contract of Indemnity;
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of National City, California as follows:
SECTION 1. The proposed contract designated Con-
tract of Indemnity and Agreement to Bear Loss providing for
security and indemnification to the Local Public Agency as
contemplated by Section 102(a) of Title I of the Housing Act
1
of 1949, as amended, in connection with Project No. Calif.
R-127, Contract No. Calif. R-127 (TL), is in all respects
approved.
SECTION 2. The Mayor is hereby authorized and
directed to execute said proposed Contract in three counter-
parts on behalf of the Local Government, and the City Clerk
is hereby authorized and directed to impress and attest the
official seal of the Local Government on each such counter-
part and to forward such counterparts to the Department of
Housing and Urban Development, together with such other docu-
ments relative to the approval and execution thereof as may
be required by the Local Public Agency.
SECTION 3. This Resolution shall take effect
immediately.
PASSED AND ADOPTED this 24th day of March, 1970.
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