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Agency's sale of the Properties to the City pursuant to the terms and conditions of the <br />Agreement is not less than the fair market value of the Properties. <br />Section 4. The Successor Agency hereby approves the Agreement in <br />substantially the form presented to the Successor Agency, subject to such revisions as <br />may be made by the Executive Director of the Successor Agency, or designee. The <br />Executive Director of the Successor Agency is hereby authorized to execute the <br />Agreement, as so revised (including without limitation all attachments thereto), on behalf <br />of the Successor Agency, together with any instruments necessary or convenient to <br />implement the Agreement. A copy of the Agreement shall, when executed by the <br />Successor Agency, be placed on file in the Office of the Secretary of the Successor <br />Agency. <br />Section 5. The Executive Director of the Successor Agency, or designee, is <br />hereby authorized, on behalf of the Successor Agency, to make revisions to the <br />Agreement that do not materially or substantially increase the Successor Agency's <br />obligations thereunder or materially or substantially change the uses or development <br />permitted on the Properties, to sign all documents, to make all approvals and take all <br />actions necessary or appropriate to carry out and implement the Agreement and to <br />administer the Successor Agency's obligations, responsibilities and duties to be <br />performed under the Agreement and related documents. <br />ADOPTED this 6th day of September, 2022. <br />41 <br />Vicente arm <br />Mayor <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho, City Attorney <br />M <br />