HomeMy WebLinkAboutResolution No. 1883 284?
RESOLUTION NO. I t cl
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING FORM OF LEASE AND LEASE -BACK TO BE ENTERED
INTO BETWEEN SAID CITY AND DOWNEY CITY HOSPITAL CORPORA-
TION
WHEREAS, this City Council desires to establish certain hospital facilities
for the use and enjoyment of the residents of the City of Downey and the public
generally; and
WHEREAS, the Downey City Hospital Corporation (hereinafter sometimes referred
to as the "Corporation") was duly incorporated in accordance with the General
Nonprofit Corporation Law of the State of California on September 3, 1964, as a
nonstock, nonprofit corporation organized for the purpose of rendering assistance
to said City in the construction of said hospital facilities in said City; and
WHEREAS, there has been submitted to this Council for approval a certain form
of lease entitled "Downey City Hospital Lease and Lease - Back" (herein "Lease ") ,
pursuant to which said City proposes to lease a certain site to the Corporation
for a term of years, and the Corporation proposes to lease back to said City the
site as improved by the construction of said hospital facilities for a term of
years commencing upon the substantial completion of construction, all as more
specifically set forth in said form of Lease, a copy of which is attached hereto
as Exhibit A.
NOW, THEREFORE, the City Council of the City of Downey hereby finds and
determines that the terms and conditions contained in the form of Lease attached
hereto are fair, just and reasonable, and said Lease is hereby approved.
ADOPTED, SIGNED AND APPROVED this / day , 1967.
(:
Mayor of the • ' y of Downey,
California
ATTEST:
City Clerk of the City of
Downey, California
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss.
CITY OF DOWNEY )
I, DELLA DOYLE, City Clerk of the City of Downey, California, DO HEREBY CERTIFY
that the foregoing resolution was duly adopted by the City Council of said City and
was approved by the Mayor of said city at a regular meeting of said City Council held
on the /w? day of = 1 'z-_- -/✓ , 1967, and that it was so adopted as follows:
AYES: Councilmen:
NOES: Councilmen:
ABSENT: Councilmen: (''
City Clerk of the City of
Downey, California.