HomeMy WebLinkAboutResolution No. 08-C0161-1
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RESOLUTION NO. 08-C16
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A RESOLUTION OF THE CITY OF AZUSA
AUTHORIZING THE EXECUTION AND DELIVERY OF
AMENDMENT NO. 1 TO LEASE AGREEMENT,
AMENDMENT NO. 1 TO SITE LEASE AGREEMENT AND
THE RELEASE OF LIEN AND TERMINATION
AGREEMENT
WHEREAS, the City of Azusa (the "City") and the Azusa Public Financing Authority
(the "Authority") are parties to that certain Lease Agreement dated as of December 1, 2003 (the
"Lease Agreement") pursuant to which the Authority leased to the City certain real property and
related facilities commonly known as City Hall and the Senior Center (the "Project"); and
WHEREAS, the City and the Authority are parties to that certain Site and Facilities Lease
Agreement dated as of December 1, 2003 (the "Site Lease Agreement") pursuant to which the
Authority leased the Project back to the City; and
WHEREAS, the City and the Authority desires to amend the Lease Agreement and Site
Lease Agreement and execute a Release of Lien and Termination Agreement (the "Release") to
release the Senior Center; and
WHEREAS, Section 4.8 of the Lease Agreement, referenced in the Site Lease
Agreement, permits such amendment upon obtaining the consent of the Trustee and the Bond
Insurer;
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED that
the City of Azusa as follows:
Section 1. Approval of Amendments and Release. The City hereby approves
Amendment No. 1 to Lease Agreement, Amendment No. 1 to the Site Lease Agreement and the
Release in substantially the respective form on file with the City Clerk, together with such
additions thereto and changes therein as the Bond Counsel shall deem necessary, desirable or
appropriate, the execution of which by the Mayor, City Manager or Director of Finance shall be
conclusive evidence of the approval of any such additions and changes.
The Mayor, City Manager and Director of Finance are hereby authorized and directed to
execute, and the City Clerk is hereby authorized and directed to attest and affix the seal of the
City to, the final forms of each of the above-mentioned documents for and in the name and on
behalf of the City.
Section 2. Official Actions. The Mayor, City Manager, Director of Finance and City
Clerk and any and all other officers of the City are hereby authorized and directed, for and in the
name and on behalf of the City, to do any and all things and take any and all actions necessary to
execute the amendments to the Lease Agreement and Site Lease Agreement, execute the Release
and execute other documents, which they, or any of them, may deem necessary or advisable in
order to consummate the transactions as described herein.
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Section 3. Effective Date. This Resolution shall take effect from and after the date
of its passage and adoption.
ADOPTED this 3`d day of March, 2008.
oseph R. Rocha, Mayor, City of Azusa
ATTES
Vera Mendoza, City Clerk, Ci f Azusa
I, Vera Mendoza, City Clerk for the City of Azusa do hereby certify that the foregoing
resolution No. 08-C16 was adopted by the City Council of the City of Azusa at a regular meeting
thereof held on the 3`d day of March, 2008, by the following vote of the City Council:
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, HANKS ROCHA
NOES: COUNCILMEM 3ERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAINED: COUNCILMEMBERS: NONE
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of
the City of Azusa this 3rd day of March, 2008.
Vera Mendoza City Clerk, City of Azusa
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