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i <br />E <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />NOW THEREFORE, THE CITY OF COLTON DOES HEREBY <br />RESOLVE AS FOLLOWS: <br />Section 1. The foregoing recitals are true and correct and are incorporated <br />herein by this reference. <br />Section 2. The City hereby agrees to purchase the Property from the <br />Agency for the purchase price, terms and conditions as provided for in the Transfer <br />Agreement, which is attached hereto and incorporated herein by this reference. <br />Section 3. The City hereby approves entering into that Transfer Agreement <br />with the Agency for the purchase of that real property located at 655-661 N. La <br />Cadena Drive, Colton, California and authorizes the Mayor Pro -Tempore to execute <br />the Asset Transfer Agreement, substantive in form and content to that which is <br />attached hereto as Exhibit "A" to the Resolution and any other documents that have <br />been reviewed and approved by the City Attorney and are necessary to consummate <br />the purchase of the Property. <br />Section 4. The findings and determinations herein shall be final and <br />conclusive. <br />APPROVED AND ADOPTED THIS 6t' Day of June, 2000. <br />ATTEST: <br />CAROLINA P. BARRERA <br />Assistant Secretary <br />DEIRDRE H. BENNETT <br />Mayor Pro Tempore <br />2 <br />