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WHEREAS, notice inviting competitive bids for the <br /> construction of Capital Project I was duly given in the name <br /> of City of Pleasanton Public Facilities Corporation (herein <br /> called the "Corporation"), a California nonprofit corporation, <br /> in accordance with applicable provisions of law, and bids were <br /> received on August 27, 1987 for construction of Capital <br /> Project I; <br /> <br /> WHEREAS, the City Council has heretofore <br />approved the acquisition of an existing office ~uilding in the <br />City of Pleasanton, California, located at 123 Main Street and <br />containing approximately 7,500 square feet, including all <br />works, properties and structures comprising said building, <br />together with parking, site development, landscaping, <br />utilities, equipment, furnishings, improvements and <br />appurtenant and related facilities (herein called "Capital <br />-Project II") and has entered into an agreement with the <br /> <br /> Corporation relative to the acquisition of Capital Project II; <br /> <br /> WHEREAS, the Corporation is a nonprofit corporation <br /> formed to render financial assistance to the City by financing <br /> the acquisition, construction, improvement and remodeling of <br /> public buildings and facilities for the City; <br /> <br /> WHEREAS, a form of site lease relating to Capital <br /> Project I between the City, as lessor, and the Corporation, as <br /> lessee, a form of facility lease relating to Capital <br /> <br /> Projects I and II between the Corporation, as lessor, and the <br /> City, as lessee, a form of trust agreement relating to not to <br /> <br /> 2 <br /> 1550S <br /> <br /> <br />