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HomeMy WebLinkAboutCC Resolution 8294 (Second and Lindaro Property)RESOLUTION NO. 8294 CITY COUNCIL OF THE CITY OF SAN RAFAEL RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL RESCINDING APPROVAL OF THE DISPOSITION AND DEVELOPMENT AGREEMENT PROVIDING FOR THE AGENCY'S SUBLEASE OF PROPERTY AT SECOND AND LINDARO STREETS IN THE CITY OF SAN RAFAEL TO LINDARO ASSOCIATES AND RESCINDING APPROVAL OF REVISIONS TO SUCH DISPOSITION AND DEVELOPMENT AGREEMENT. FINDINGS AND PURPOSE Whereas, on July 18, 1989, the City Council by Resolution No. 8010, adopted certain findings and approved execution of a disposition and development agreement providing for the sublease by the San Rafael Redevelopment Agency of property at Second and Lindaro Streets in San Rafael to Lindaro Associates (the "DDA"). On August 27, 1990, the City Council, by Resolution No. 8225, approved revisions to the DDA. Whereas, subsequent to both City Council actions, Lindaro Associates gave the Agency and the City notice that Lindaro Associates would not enter into the DDA because it was unable to secure adequate financing and permits required for the development of the Second and Lindaro property which was contemplated by the DDA. Whereas, the City Council now desires to rescind its approval of the DDA and the revisions to the DDA. NOW, THEREFORE BE IT RESOLVED as follows: Section 1. The approval of the DDA contained in City Council Resolution No. 8010, is hereby rescinded. Section 2. The approval of the revisions to the DDA contained in City Council Resolution No. 8225, is hereby rescinded. I, Jeanne M. Leoncini, City Clerk of the City of San Rafael, hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the City Council on the -19th day of November 1990, by the following vote, to wit: AYES: COUNCILMEMBERS: Shippey, Thayer & Mayor Mulryan NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None DISQUALIFIED: Boro & Breiner (Due to potential conflict of interest) 141000.P50 M, INI_ JE M. LEON IN City C rk ;r z� LNIL[l] �� 9-z/