HomeMy WebLinkAboutCC Res 2739 1978-01-30
.
.'
,'....
RESOLUTION NUMBER~J1~~
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SEAL BEACH, CALIFORNIA
APPROVING A FIRST AMENDMENT TO
PARTICIPATION AND DISPOSITION
AGREEMENT FOR SEAL BEACH TRAILER
PARK
/
WHEREAS, a Participation and Disposition Agreement was entered
into between the Redevelopment Agency of the City of
Seal Beach (Agency) and Seal Beach Associates dated
July 25, 1977 for development of the Seal Beach Trailer
Park within the Riverfront Redevelopment Project;
I
WHEREAS, Seal Beach Associates and Agency have prepared a First
Amendment to the Participation and Disposition Agreement
w~ich would permit assignment of the Agreement, as amended,
to Riverbeach Associates;
WHEREAS, the Agency and Seal Beach Associates have entered into
an Agreement for Purchase and Sale of Real Property dated
July 25 , 1977 in order to implement the
Participation and Disposition Agreement which Seal Beach
Associates desires to assign to Riverbeach Associates;
WHEREAS, the Agency has submitted the First Amendment to the
Participation and Disposition Agreement to the City
Council for its approval pursuant to S4l9 of the
Redevelopment Plan for the Riverfront Redevelopment
Project.
NOW, THEREFORE, the City Council of the City of Seal Beach hereby
resolves as follows:
Section 1: City Council hereby approves the First Amendment to
the Participation and Disposition Agreement.
Section 2:
City Council hereby approves assignment of the Participation
and Disposition Agreement to Riverbeach Associates on
terms provided in the First Amendment.
I Section 3:
City Council hereby approves assignment of Agreement
for Purchase and Sale of Real Property from Seal
Beach Associates to Riverbeach Associates provided
Seal Beach Associates shall remain liable to Agency
under said Agreement until close of escrow and
Riverbeach Associates takes title to the real property
which is the subject of said Agreement.
,
PASSE13, APPROVED",and ADOPTED by the City Council of the City of
-l-
E
.
~
Resolution Number
of Seal Beach, California, at a meeting thereof hel
Janua!y,.JJ78, by the following v. e:
I
AYES:
NOES:
ABSENT:
Counci 1 Members
Counci 1 Members
Council Members
~~~
Mayor
~"1 "._
~,' ,
'0 .._~;u.. .,....
ATTEST':' ,.... -:'
.
I