HomeMy WebLinkAboutRedevelopment Agency - 228 RESOLUTION NO. 228
A RESOLUTION OF THE CITY OF HUNTINGTON BEACH
REDEVELOPMENT AGENCY APPROVING A FOURTH AMENDMENT
TO THE DISPOSITION AND DEVELOPMENT AGREEMENT BY AND
AMONG THE REDEVELOPMENT AGENCY OF THE CITY OF
HUNTINGTON BEACH, ROBERT L. MAYER, AS TRUSTEE OF THE
ROBERT L. MAYER TRUST OF 1982, DATED JUNE 22, 1982,
AS AMENDED, AND WATERFRONT CONSTRUCTION
NO. 1, A CALIFORNIA LIMITED PARTNERSHIP
WHEREAS, the Redevelopment Agency of the City of
Huntington Beach (the "Agency") , by Resolution No. 223
dated March 16 1992, approved a Third Amendment to
Disposition and Development Agreement by and among the
Redevelopment Agency of the City of Huntington Beach, Robert L.
Mayer, as trustee of the Robert L. Mayer Trust of 1982, dated
June 22, 1982, as amended, and Waterfront Construction No. 1, a
California limited partnership (the "Third Amendment") ; and,
with regard to effectively implementing the purpose of the
Third Amendment the Agency has determined that it is necessary
for the parties to the Third Amendment to enter into a Fourth
Amendment to the Disposition and Development Agreement (the
"Fourth Amendment") .
NOW, THEREFORE, the Redevelopment Agency of the City
of Huntington Beach does resolve as follows :
SECTION 1: The Agency approves the Fourth Amendment in
the form on file with the City Clerk, and authorizes the Agency
Chairman or the Executive Director of the Agency, or his
written designee, to execute said Fourth Amendment subject to
final review and approval by the Executive Director and the
City Attorney and Agency Special Counsel.
1
SECTION 2: The Agency authorizes and directs the
Executive Director of the Agency to execute the revised Morgan
Guaranty Trust Credit Agreement on file with the Agency
secretary and such other documents as may be determined by the
City Attorney and/or Agency Special Counsel to be necessary or
appropriate to implement and effectuate the Fourth Amendment.
PASSED AND ADOPTED by the Redevlopment Agency of the
City of Huntington Beach at a regular meeting thereof held on
the loth day of April 1992 .
Agen Chairman
ATTES'►' APPROVED AS TO FORM:
Agency -c�:.a-T -/ K Agency Attorney
INITIA'TZD AND PP. LIVED: APPROVED AS TO FORM
STRADLING, YOCCA, CARLSON &
- � RAUTH
Agency Executive Director -
Agency Special Co nse
2
228
Res. No. 228
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH)
I, CONNIE BROCKWAY, Clerk of the Redevelopment Agency of the
City of Huntington Beach, California, DO HEREBY CERTIFY that the foregoing
resolution was duly adopted by the Redevelopment Agency of the City of
Huntington Beach at a meeting of said Redevelopment Agency held on the
20th day of April 19 92 , and that it was so adopted
by the following vote:
AYES: Members:
Robitaille, Moulton-Patterson. Winchell , Silva,_ rrPPn,MacAllister, Kelly
NOES: Members:
None
ABSENT: Members:
None
Clerk of the Redevelopment A ncy of
the City of Huntington Beach, Ca.