HomeMy WebLinkAboutReso 214-1985 RESOLUTION NO. 214'85
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING EXECUTION OF
AMENDMENT TO EXHIBIT "B" OF THE GROUND
LEASE BETWEEN THE CITY OF SOUTH SAN
FRANCISCO AND THE PRICE COMPANY
BE IT RESOLVED by the City Council of the City of South San Francisco that:
1. Approval of Agreement.
The Agreement entitled "Amendment to Exhibit "B" of the Ground Lease
between the City of South San Francisco and the Price Company entitled 'Site
Preparation Agreement'" to extend the time limitation contained in Exhibit "B",
Paragraph 1.D. from September 30, 1985 to March 1, 1986, is hereby approved,
and a copy of said Agreement is attached hereto as Exhibit "1."
2. Execution of Agreement.
The Mayor is hereby authorized to execute said Agreement on behalf of
the City, and the City Clerk attest his signature thereto.
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 25th day of September , 1985 , by the following
vote:
AYES:
NOES:
ABSENT:
Councilmembers Mark N. Addiego, Emanuele N. Damonte, Richard A.
Haffey, Gus Nicolopulos; and Roberta Cerri Teglia
None
None
i
EXH] '" '"1" TO RESOLUTION NO. 214-85
AMENDMENT TO EXHIBIT 'B" OF THE GROUND LEASE
BETWEEN THE CITY OF SOUTH SAN FRANCISCO AND
THE PRICE COMPANY ENTITLEED 'SITE PREPARATION
AGREEMENT'
On this 25th day of September , 1985, Paragraph 1.0. of the
Site Preparation Agreement, Exhibit 'B' of the Ground Lease, between the City
of South San Francisco, Landlord, and The Price Company, Tenant, entered on
February 26, 1985, shall be amended to read as follows:
'D. This Agreement is conditioned upon Tenant receiving, no later
than March 1, 1986, all necessary and required final governmental
land use and other approvals and bullUing and other pemits (the
"Approvals') needed for the construction and operation on the
Property of a typical Price Club operation to be located in a build-
ing of approximately 100,000 square feet (the 'Planned Use'), including
all governmental approvals necessary to perfom the Development Work
referred to in paragrap~ 2, below ~erein.'
Except as specifically amended herein the remaining portions of the Ground
Lease and the Exhibits thereto referenced above are confirmed, ratified and
approved.
Executed as of the date first above written.
TENANT
THE PRICE COMPANY
KoDert E. Price, vresiaent
ATTEST:
By: Mic~ael~essent
Exe~ve_~ce President
A~istant CO, orate Secretary
LANDLORD
By:
CITY OF SOUTH SAN FRANCISCO
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