HomeMy WebLinkAboutReso 13-1993RESOLUTION NO. 13-93
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO,
STATE OF CALIFORNIA
A RESOLUTION ADOPTING THE 1993 AMENDMENT TO THE
AMENDED RESTATED OWNER PARTICIPATION AND
DEVELOPMENT AGREEMENT WITH HOMART DEVELOPMENT
CORPORATION AND APPROVING TH~ R~PAYMENT AGReemeNT
BE IT RESOLVED by the City Council of the City of South San
Francisco that:
1. The 1993 Amendment to the Amended Restated Owner
Participation and Development Agreement (the "1993 Amendment")
with Homart Development Corporation is hereby approved. A copy of
the 1993 Amendment is on file in the office of the City Clerk.
2. [The Repayment Agreement is hereby approved between the
City of Slouth San Francisco and Homart Development Corporation. A
copy of ~he Repayment Agreement is on file in the office of the
City Clerk.
3. IThe City Manager is authorized to execute the 1993
Amendment! and the Repayment Agreement on behalf of the City.
4. Resolution No. 156-92 adopting the 1992 Amendment to the
Amended Restated Owner Participation and Development Agreement is
hereby repealed.
I hereby certify that the foregoing Resolution was regularly
introduced and adopted by .the City Council of the City of South
San Francisco at a regular meeting held on the 27th
day of January , 1993 by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Councilmembers Jack Drago, Joseph A. Fernekes, John R. Penna,
Robert Yee, and Mayor Roberta Cerri Teglia
None
None
None
Attest:
City
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