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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 86-364 <br /> <br /> AGREEMENT TO TRANSFER MONEY FOR PURCHASE OF CORPORATION <br /> YARD SITE ON BUSCH ROAD <br /> <br /> WHEREAS, in order to finance the purchase of the subject <br /> property, the City of Pleasanton Public Facilities <br /> Corporation must sell bonds, which will not occur prior <br /> to the expiration date of the real estate purchase <br /> contract on September 1, 1986. <br /> <br />WHEREAS, a proposed agreement, attached hereto, between the City <br /> of Pleasanton and the City of Pleasanton Public <br /> Facilities Corporation (CPPFC) requires the CPPFC to <br /> carry out all the terms of the land purchase agreement, <br /> but only upon receipt from the City of sufficient funds <br /> to complete the purchase. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: The City shall advance to City of Pleasanton Public <br /> Facility Corporation the purchase price for the purchase <br /> of the Corporation Yard site on Busch Road. <br /> <br />Section 2: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br />THIS RESOLUTION ADOPTED AUGUST 5, 1986 BY THE FOLLOWING VOTE: <br /> <br />AYES: Councilmembers - Mercer, Mohr and Mayor Brandes, <br />NOES: None <br />ABSENT: Councilmembers Wood and Butle! ~ /~~~~ <br />ABSTAIN: None ~.~BR~~A/D <br />ATTEST: <br /> FR . ES, JR., ~R <br /> <br />By Doris George, Deputy City Clerk <br /> <br />APPROVED AS TO FORM: <br />Pe~~acD~ity Attorney <br /> <br /> <br />