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2022-089 - Approving a Construction Installment Sale Agreement
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2022-089 - Approving a Construction Installment Sale Agreement
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Last modified
11/18/2022 9:29:43 AM
Creation date
11/18/2022 9:28:30 AM
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City Clerk
Doc Type
Resolution
Agency
Clerk of the Council
Doc #
2022-089
Item #
24
Date
11/15/2022
Destruction Year
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Representative"). Execution by an Authorized Representative of the 2022 Installment <br />Sale Agreement shall constitute conclusive evidence of such Authorized Representative's <br />approval of such changes. Each of the Authorized Representatives is hereby authorized, <br />together or alone, to execute and deliver the 2022 Installment Sale Agreement. <br />Section 4. The covenants set forth in the 2022 Installment Sale Agreement to <br />be executed in accordance with Section 3 above are hereby approved, shall be deemed <br />to be covenants of the legislative body of the City, and shall be complied with by the City. <br />Section 5. Each Authorized Representative and the other officers and staff of <br />the City responsible for the fiscal affairs of the City are hereby authorized and directed to <br />take any actions and execute and deliver any and all documents and certificates as are <br />necessary to complete the transactions contemplated by the 2022 Installment Sale <br />Agreement. <br />Section 6. This Resolution shall take effect immediately upon its adoption by <br />the City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution <br />ADOPTED this 151h day of November, 2022. <br />Vicente Sarmiento <br />Mayor <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho, City Attorney <br />By: <br />JolM M. Funk <br />Chief Assistant City Attorney <br />AYES: <br />Councilmembers <br />Hernandez Lopez Mendoza, Penaloza, <br />Phan <br />Bacerra Sarmiento (7) <br />NOES: <br />Councilmembers <br />None <br />(0) <br />ABSTAIN: <br />Councilmembers <br />None <br />(0) <br />NOT PRESENT: <br />Councilmembers <br />None <br />(0) <br />Resolution 2022-089 <br />Page 2 of 3 <br />
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