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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAMEDA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. 90-163B <br /> <br />RESOLUTION AUTHORIZING AN EXCHANGE OF <br />PROPERTIES WITH THEMCDONALD'S CORPORATIONAND <br />APPROVAL OF A REALPROPERTY CONTRACT <br /> <br />WHEREAS, <br /> <br />the City of Pleasanton has a fee interest in certain real <br />property described in Exhibits A and B attached hereto <br />and incorporated herein by reference; and <br /> <br />WHEREAS, <br /> <br />in order to complete the interchange at Santa Rita Road <br />and Interstate 580, the City needs to acquire certain <br />property located at the corner of Santa Rita Road and <br />Pimlico Drive, which property is owned by the McDonald's <br />Corporation and is described in Exhibit C attached hereto <br />and incorporated herein by reference; and <br /> <br />WHEREAS, <br /> <br />City staff has negotiated a R~al Property Contract with <br />the McDonald's Corporation, by which terms the City and <br />McDonald's agree to exchange the properties described <br />above, in addition to the other terms and conditions set <br />forth therein; and <br /> <br />WHEREAS, <br /> <br />the City Council finds and determines that the exchange <br />of the herein described properties, in conjunction with <br />the other terms and conditions of the Real Property <br />Contract, represent an exchange of properties of equal <br />value. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: The City Manager is hereby authorized to execute on <br /> behalf of the City of Pleasanton any and all documents <br /> necessary to transfer and receive said properties as <br /> provided herein. <br /> <br />Section 2: This resolution shall become effective immediately upon <br /> its passage and adoption. <br /> <br /> <br />