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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 92-39 <br /> <br /> RESOLUTION APPROVING A LOAN FOR SEWER <br /> CONNECTION FEES TO MAX TONG AND CABIOLA <br /> SMITHERAM FOR TONG'S, 425 MAIN STREET <br /> <br />WHEREAS, at its meeting of February 18, 1992, Council reviewed the <br /> report of the Director of Building Inspection (SR 92:71) <br /> regarding a loan for a portion of the sewer connection <br /> fees, pursuant to the policy established by Resolution <br /> No. 89-94, for the restaurant to be located at 425 Main <br /> Street; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: Authorizes entering into a promissory note with Max <br /> Tong and Cabiola Smitheram, the owners of Tong's, <br /> pursuant to the terms and conditions set forth in the <br /> staff report, and further provided that in the event of <br /> a default on the note, all sewer capacity which has been <br /> purchased shall revert to the City of Pleasanton. <br /> <br />Section 2: Authorizes the City Manager to execute the necessary <br /> documentation for the loan. <br /> <br />Section 3: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br /> I HEREBY CERTIFY THAT THE FOREGOING WAS DULY AND <br />REGULARLY ADOPTED BY THE CITY COUNCIL OF THE CITY OF PLEASANTON, AT <br />A MEETING HELD ON FEBRUARY 18, 1992 BY THE FOLLOWING VOTE: <br /> <br />AYES: Councilmembers - Butler, Mohr, Scribner, Tarver, and <br /> Mayor Mercer <br />NOES: None <br />ABSENT: None <br />ABSTAIN: None <br /> <br /> Pegg~ ~. ~z'Tdro,/JCity Clerk <br /> <br />Michael H. Roush, City Attorney <br /> <br /> <br />