HomeMy WebLinkAboutCC RESO 2011-24RESOLUTION 2011 — 24
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
RATIFYING A FOURTH AMENDMENT TO AGREEMENT FOR EXCHANGE
OF REAL PROPERTY AND JOINT ESCROW INSTRUCTIONS
(522 WEST 8111 STREET AND 2020 HOOVER AVENUE)
WHEREAS, on September 23, 2010, the City and the Illes Family Trust ("Illes")
entered into an Agreement for Exchange of Real Property and Joint Escrow Instructions (the
"Agreement") whereby the parties agreed to an exchange of the City -owned property at 522
West 8th Street for the IIles-owned property at 2020 Hoover Avenue; and
WHEREAS, Section 6.1.2 of the Agreement provides that a party shall have
forty-five (45) days after the Agreement is executed (the "Contingency Period") to review and
approve or disapprove, among other items, soils and environmental reports pertaining to the
other party's property; and
WHEREAS, amendments to the Agreement were approved on November 9,
2010, December 23, 2010, and January 11, 2011, resulting in extensions of the Contingency
Period through January 24, 2011, to allow additional time for the preparation and review of
environmental investigation reports; and
WHEREAS, in order to provide sufficient time for the parties to review a soils
investigation report being prepared for 522 West 8th Street by the City's consultant, Geosyntec
Consultants ("Geosyntec"), pursuant to Geosyntec's proposal dated January 21, 2011, it was
necessary for the City Manager to sign a Fourth Amendment to Agreement to extend the
Contingency Period beyond January 24, to 5:00 p.m. of the third day following the parties'
receipt of Geosyntec's report; and
WHEREAS, it is now appropriate for the City Council to ratify the Fourth
Amendment to Agreement.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby ratifies a Fourth Amendment to Agreement for Exchange of Real Property
and Joint Escrow Instructions to amend Section 6.1.2 of the Agreement to extend the
Contingency Period to 5:00 p.m. of the third day following the parties' receipt of Geosyntec
Consultants' soils investigation report for 522 West 8th Street, pursuant to Geosyntec's proposal
dated January 21, 2011. Said Fourth Amendment to Agreement is on file in the office of the
City Clerk.
PASSED and ADOPTED this 1st day of February 2 11.
on Morrison, Mayor
ATTEST: PROVED S TO FORM:
ichael R. Dail City
, Clerk
. SiIv
City Attorn: y
Passed and adopted by the Council of the City of National City, California, on February
1, 2011 by the following vote, to -wit:
Ayes: Councilmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
/i
City Clerk of the City of/National City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2011-24 of the City of National City, California, passed and adopted
by the Council of said City on February 1, 2011.
City Clerk of the City of National City, California
By:
Deputy