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Amendment to Joint Powers of <br />Authortty Agreement <br />February 1, 1994 <br />Page 2 <br />Currently, no cowry property within the Civic Center is encumbered by bonded <br />tndebtedneae. Ae a result, the cowry bea requested that ell its property be <br />recomeyed fro the Autbority to the cowry. <br />On Jero?mry 3, 1994, the Ctty Cowctl adopted a resolution authodttng a <br />Termination of City Hell Leese Agreement with the Authority. Thts action will <br />enable the Authortty to retire the appraxtmetely $750,000 in outstanding 1972 <br />flevenue flefunding bonds for City Nell, <br />Since no other city property within the Civic Center is cuttently bonded, staff <br />ie recommending that ell city property within the Civic Center be recomeyed to <br />the city, Approval of the subject amendment by the City Cowcil, Board of <br />Supervlaora, and Authority will result in the recomeyence of ell Authortty <br />property to the city end cowry. <br />There is no fiscal impact associated with this action, <br />Cyntb a J, Nel n, 8xecutive Director <br />Co®unity Development Agency <br />*IactlnA{luwt?,u <br />2 ?? 03d