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permanent lenders, provided that the City is provided reasonable protections including <br /> reasonable notice and cure rights in the event of a default under the senior documents. <br /> SECTION 3: Authorizes the City Manager, Nelson Fialho, or his designee, to execute <br /> such additional documents and to take all steps necessary to implement this Resolution and the <br /> transactions described herein, including but not limited to the execution of estoppel certificates <br /> and subordination agreements that are consistent with the terms of the Loan Documents and <br /> this Resolution. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on March 1, 2016. <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 1St day of March <br /> 2016, by the following vote: <br /> Ayes: <br /> Noes: <br /> Absent: <br /> Abstain: <br /> Karen Diaz, City Clerk <br /> APPROVED AS TO FORM: <br /> Julie Harryman, Interim City Attorney <br />