HomeMy WebLinkAbout00-028 CC ResolutionRESOLUTION NO, 2000-28
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING THAT CERTAIN ENVIRONMENTAL
INDEMNIFICATION AND REMEDIATION AGREEMENT BY THE
CITY OF TEMECULA AND THE REDEVELOPMENT AGENCY OF
THE CITY OF TEMECULA TO INDUCE CALIFORNIA BANK &
TRUST AND THE UNITED STATES SMALL BUSINESS
ADMINISTRATION TO PROVIDE A LOAN TO RICHARDSON
REAL ESTATE, LLC
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS
FOLLOWS:
Section 1. The City Council of the City of Temecula hereby finds, determines and declares
that:
a. The City Council has duly considered all terms and conditions of the
proposed Agreement and believes that such agreement is in the best interests of the
Agency and City and the health, safety, and welfare of its residents, and in accord with the
public purposes and provisions of applicable State and local law requirements.
Section 2. The City Council of the City of Temecula hereby approves that certain agree-
ment entitled "Environmental Indemnification and Remediation Agreement by the City of Temecula
and the Redevelopment Agency of the City of Temecula, jointly and severally (together,
"lndemnitor"), in order to induce California Bank & Trust ("Lender") and the United States Small
Business Administration ("SBA") to provide a loan to Richardson Real Estate, LLC, a California
limited liability company ("Borrower") with such changes as may be mutually agreed upon by the
SBA and the Agency Executive Director as are minor and in substantial conformance with the form
of such Agreement as is on file in the Office of the Agency Secretary.
Section 3. The City Manager (or his designeel is hereby authorized, on behalf of the
City, to execute the Agreement and take all actions necessary and appropriate to carry out and
implement the Agreement and to administer the Agency's obligations, responsibilities and duties
to be performed under the Agreement
Section 4. The City Clerk shall certify the adoption of this Resolution.
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PASSED, APPROVED AND ADOPTED, this 25th day of April 2000.
ATTEST:
S.usan V~. Jones
[SEAL]
Jeffrey E. Stone, Mayor
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, CMC, City Clerk of the City of Temecula, hereby do certi~ that the
foregoing Resolution No. 2000-28 was duly adopted at a regular meeting of the City Council of the
City of Temecula on the 25h day of April, 2000 by the following roll call vote:
AYES: 5
NOES: 0
ABSENT: 0
COUNCILMEMBERS:
COUNCILMEMBERS:
COUNCILMEMBERS:
Comerchero, Naggar, Pratt, Roberts, Stone
None
None
~L9..~, ~i~-~_
Sus s, CMC
· Cler
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