Agency Resolution No. 806 - Laserfiche WebLink

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Seventy Five Thousand Dollar ($75,000.00) for third -party expenses associated with the Capital Improvements and to assume the obligation of the Owner to pay the City of Colton when due the City Permit Costs; and WHEREAS, the Agency has reviewed the status of work completed through July 1, 2002, and is willing to extend through January 31, 2003, the obligation of the Agency to pay to the order and account of the Owner an amount not to exceed Seventy Five Thousand Dollar ($75,000.00) for third -party expenses associated with the Capital Improvements and to assume the obligation of the Owner to pay the City of Colton when due the City Permit Costs; and WHEREAS, it is appropriate that the Agency and the Owner enter into that certain Amendment No. 2 to the Agreement attached hereto as Exhibit "A" and incorporated herein by this reference ("Amendment No. 2"). NOW, THEREFORE, BE IT RESOLVED AND DETERMINED BY THE REDEVELOPMENT AGENCY FOR THE CITY OF COLTON, AS FOLLOWS: Section 1. The Agency hereby approves Amendment No. 2 attached hereto as Exhibit "A» Section 2. The Executive Director of the Agency is hereby authorized to execute Amendment No. 2 on behalf of the Agency in substantially the form attached hereto, together with such changes therein as may be approved by the Executive Director and Agency Special Counsel. The Executive Director or such other designated representative of the Agency is further authorized to do any and all things and take any and all actions as may be deemed necessary or advisable to effectuate the purposes of Amendment No. 2. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED, APPROVED, AND ADOPTED THIS V day of September, 2002. DEIRDRE H. BENNETT, Chairperson ATTEST: CAROLINA P. BARRERA, Assistant Secretary