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010306 RESO Approving AA Mutual Release-Jt Exrow Inst Vinci Invest_
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Successor Agency (Formerly the Community Redevelopment Agency) (1974-Present)
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01/03/06
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010306 RESO Approving AA Mutual Release-Jt Exrow Inst Vinci Invest_
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11/5/2013 11:03:37 AM
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Term Sheet, insofar as the Agency contends that the Term Sheet is merely a non- <br />binding letter of intent. <br />G. Vinci has now settled the Joher Litigation and acquired the Joher Assets. <br />H. The Agency and Vinci desire to resolve their differences and in doing so <br />carry out the intent of the Agency/Vinci Purchase Agreement and the Term Sheet. <br />Section 2. That certain Acquisition Agreement, Mutual Release And Joint Escrow <br />Instructions, including all attachments and related documents, schedules and <br />attachments, submitted to the Agency Board at the time of consideration of this <br />resolution is hereby approved. The Agency's Executive Director and General Counsel <br />are hereby authorized to make such non - substantive changes to the documents as they <br />may deem necessary or advisable in order to carry out the intent the of agreement and <br />this resolution. <br />Section 3. The Negative Declaration, Environmental Review No, 2003 -149 <br />was previously approved. <br />Section 4. This Resolution shall take effect immediately upon its adoption by <br />the Agency Board, and the Secretary of the Agency shall attest to and certify the vote <br />adopting this Resolution. <br />ADOPTED this day of 2006. <br />Miguel A. Pulido <br />Chair <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher <br />Agency General Counsel <br />0 <br />AYES: Boardmembers <br />8 -112 <br />Resolution No. CRA <br />I--- 1 _[ O <br />
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