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improvement and remodeling of public buildings and facilities <br />for the City; <br /> <br /> WHEREAS, by its Articles of Incorporation and by its <br />Bylaws no part of the net earnings, funds or assets of said <br />Corporation shall inure to the benefit of any director thereof <br />or any other person, firm or corporation, except the City; <br /> <br /> WHEREAS, the City has full legal right, power and <br />authority to enter into a acquisition agreement with the <br />Corporation pursuant to which the Corporation will acquire <br />title to certain public buildings and real property located in <br />the County of Alameda, California and designated as the <br />Facility (herein called the "Facility"), and the City has full <br />legal right, power and authority to enter into a facility lease <br />with the Corporation, pursuant to which the Corporation will <br />lease the Facility to the City; <br /> <br /> WHEREAS, this City Council hereby determines that it <br />would be in the best interest of the City and the residents of <br />the City for the City and the Corporation to enter into an <br />agreement, entitled "Acquisition Agreement" and tentatively <br />dated as of December 1, 1988 (herein called the "Acquisition <br />Agreement"), pursuant to which the City will sell the Facility <br />to the Corporation; <br /> <br /> WHEREAS, this City Council hereby determines that it <br />would be in the best interest of the City and the residents of <br />the City for the Corporation and the City to enter into a <br />lease, entitled "Facility Lease" and tentatively dated as of <br /> <br /> 2 <br /> 6292S <br /> <br /> <br />