HomeMy WebLinkAboutCC RESO 9947RESOLUTION NO. 990
RESOLUTION ASSIGNING FINANCIAL CONSULTING CONTRACT
WHEREAS, the City of National City has heretofore
contracted with the firm of Stone & Youngberg, Financial Con-
sultants, for services by said consultants in regard to the
financial feasibility of the redevelopment of the E. J.
Christman Business and Industrial Park, and
WHEREAS, paragraph 6 of said contract provides for
the assignment of said contract at any time to another public
agency, and
WHEREAS, it is now desirable, upon the recommenda-
tion of the Department of Housing and Urban Development of
the United States Government that a financial feasibility
studybe carried out by the National City Redevelopment
Agency in regard to the feasibility of issuing tax allocation
bonds to finance the redevelopment of the E. J. Christman
Business and Industrial Park;
NOW, THEREFORE, BE IT RESOLVED that the City of
National City hereby assigns all of its rights and obliga-
tions under that certain contract of the 26th day of August
1969 between the City of National City and Stone &Youngberg,
a partnership, to the Redevelopment Agency of the City of
National City.
BE IT FURTHER RESOLVED that the City Manager is
authorized and directed to execute a written agreement car-
rying out the assignment of the above described contract.
PASSED AND ADOPTED this 7th day of October, 1969.
ATTEST: