HomeMy WebLinkAboutPA 2013-2 - County of San Diego - Option Agreement - Amendment No. 6 RESOLUTION NO. 2013 — 2
RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CHAIRMAN TO EXECUTE THE SIXTH AMENDMENT
TO THE OPTION TO PURCHASE AGREEMENT WITH THE COUNTY OF
SAN DIEGO FOR THE PURCHASE OF AN OPEN-SPACE EASEMENT ATTACHED
TO A 15.08-ACRE PARCEL TO EXTEND THE TERM FOR ONE YEAR, AND
PAY THE COUNTY OF SAN DIEGO $1.00 AS CONSIDERATION FOR THE AMENDMENT
WHEREAS, on March 20, 2007, the Parking Authority of the City of National City
("Parking Authority") entered into an Option to Purchase Agreement ("Option Agreement") with
the County of San Diego to purchase an open-space easement attached to the 15.08-acre
parcel of land located at the southwest corner of Sweetwater Road and Bonita Center Road
(Parcel No. 564-471-11) to develop a commercial project; and
WHEREAS; on December 13, 2007, the Parking Authority exercised to option to
purchase the easement and opened an escrow account on March 12, 2008, pursuant to the
terms of the Option Agreement; and
WHEREAS, the Option Agreement was subsequently amended in 2008, 2009,
2010, 2011, and 2012, each extending the deadline to close escrow and the term of the Option
Agreement for one year; and
WHEREAS, the Sixth Amendment to the Option Agreement extends the close of
escrow and term of the Option Agreement for one year, to December 31, 2013, and in
consideration for the amendment, the Parking Authority agrees to pay $1.00 to the County of
San Diego.
NOW, THEREFORE, BE IT RESOLVED that the Parking Authority of the City of
National City hereby authorizes the Chairman to execute the Sixth Amendment to the Option to
Purchase Agreement by and between the Parking Authority of the City of National City and the
County of San Diego to extend the close of escrow and term of the Option Agreement for one
year, to December 31, 2013, and in consideration for the amendment, the Parking Authority
agrees to pay $1.00 to the County of San Diego.
PASSED and ADOPTED this 15th day of October, 2013.
on Morrison, Chairman
ATTEST: ""O ED AS TO FORM:
Leslie Deese, Secretary Wvda . tua Silva
L •al C� :I
Passed and adopted by the Parking Authority of the City of National City, California, on
October 15, 2013 by the following vote, to-wit:
Ayes: Boardmembers Cano, Morrison, Natividad, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Parking Authority
LESLIE DEESE
Secretary, Parking Authority
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2013-2 of the Parking Authority of the City of National City,
California, passed and adopted on October 15, 2013.
mac..
Secretary, Parking Authori y
By:
Deputy