HomeMy WebLinkAbout1990-5236
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RESOLUTION NUMBER 5236
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO AUTHORIZING AND DIRECTING THE EXECUTION
OF A JOINT DEVELOPMENT AGREEMENT BETWEEN THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO AND CFB INVESTMENTS, LTD.
BE IT RESOLVED BY THE COMMUNITY DEVELOPMENT COMMISSION OF
5 THE CITY OF SAN BERNARDINO AS FOLLOWS:
6 Section 1.
7 (a) The Chairman and Secretary of the Community Development
8 Commission of the City of San Bernardino are hereby authorized
9 and directed to execute for, on behalf of the Redevelopment
10 Agency of the City of San Bernardino, a Joint Development
11 Agreement between the Redevelopment Agency of the City of San
12 Bernardino and CFB Investments, Ltd., with such non-substantive
13 changes to said Agreement as may be approved by the Chairman and
14 Agency Counsel, which agreement is attached hereto as Exhibit
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15 "1", and is incorporated herein by this reference as though
16 fully set forth at length.
17 (b) The authorizations to execute the above referenced
18 agreement is rescinded if the parties to the agreement fail to
19 execute it within sixty (60) sixty days of the passage of this
20 Resolution.
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3-13-90 1
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION AUTHORIZING
AND DIRECTING THE EXECUTION OF A JOINT DEVELOPMENT AGREEMENT
WITH CFB INVESTMENTS, LTD.
DATED: March 19
, 19 90 .
SEAL
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