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1 <br />2 <br />3 <br />4. <br />5' <br />6' <br />7I <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />2111 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. 806 <br />A RESOLUTION OF THE REDEVELOPMENT AGENCY FOR THE CITY OF COLTON <br />APPROVING AND AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE <br />AMENDMENT NO. 2 TO 2000 COMMUNITY REDEVELOPMENT RELOCATION <br />SETTLEMENTAND RELEASE AGREEMENT (NICKELODEON PIZZA) BY AND BETWEEN <br />THE REDEVELOPMENT AGENCY FOR THE CITY OF COLTON AND ROARING 20'S <br />FAMILY PIZZA PARLORS, INC. <br />WHEREAS, the Redevelopment Agency for the City of Colton, a public body <br />corporate and politic, organized and existing pursuant to the Community Redevelopment Law <br />(California Health and Safety Code Section 33000,et seg.) (the "Agency") entered into that certain <br />2000 Community Redevelopment Relocation Settlement and Release Agreement dated as of <br />March 1, 2000 (the "2000 Relocation Settlement and Release Agreement") with Roaring 20's <br />Family Pizza Parlors, Inc., a California corporation doing business as Nickelodeon Pizza (the <br />"Owner") pertaining to, among other things, the redevelopment and rehabilitation improvements of <br />the commercial business premises which the Owner operates at 234 Valley Boulevard, Colton, <br />California (the "Downtown Business"); and <br />WHEREAS, on February 5, 2002, the Agency approved Amendment No. 1 to the <br />2000 Relocation Settlement and Release Agreement (the 2000 Relocation Settlement and Release <br />Agreement as amended by Amendment No. 1 being hereinafter referred to as the "Agreement'); <br />and <br />WHEREAS, the Agreement provides that, if certain conditions are met, the Agency <br />shall (i) pay to the Owner an amount not to exceed Seventy Five Thousand Dollars ($75,000.00) for <br />third -party expenses associated with the capital improvement of the Downtown Business (the <br />"Capital Improvements") and (ii) assume the obligation of the Owner to pay the City of Colton when <br />due the building development fees and public facility charges associated with issuance by the City <br />