HomeMy WebLinkAboutResolution No. 4827 CITY COUNCIL RESOLUTION NO. 4827
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY APPROVING A SECOND AMENDMENT TO
DISPOSITION AND DEVELOPMENT AGREEMENT
WHEREAS, on November 10, 1983, after a duly- noticed public
hearing, the Community Development Commission of the City of
Downey (the "Commission ") approved a Disposition and
Development Agreement (the "DDA ") between the Commission and
Cardono Square, Ltd., a California limited partnership (the
"Developer "); and
WHEREAS, the DDA was amended by a First Amendment between
the same parties dated as of Autust 13, 1985 (the "First
Amendment "); and
WHEREAS, the parties to the DDA and the First Amendment are
proceeding to implement the redevelopment activities provided
for in the DDA and the First Amendment; and
WHEREAS, the Commission and the Developer mutually desire
to settle and resolve a disagreement that has arisen concerning
the DDA and the subject matter thereof;
NOW, THEREFORE, the City Council of the City of Downey does
resolve as follows:
Section 1. The City Council consents to and authorizes
the Community Development Commission of the City of Downey to
execute the Second Amendment.
ADOPTED this 9th day of Decembez 1986.
- -Mayor James S. Santangelo
City Cler
I HEREBY CERTIFY that the foregoing Resolution was adopted
by the City Council of the City of Downey at a regular meeting
held on the 9th day of December, 1986, by the following vote,
to wit:
AYES: 3 Council Members: Cormack, Paul, Santangelo
NOES: 2 Council Members: Boggs, Barb
BS
A ENT. 0 Council Members: None
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City Clerk