HomeMy WebLinkAbout1969-10-29; Parking Authority; Resolution 11RESOLUTION NO. 1 1
RESOLUTION OF THE PARKING AUTHORITY OF THE
CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING
THE CLOSING OF ESCROW, AUTHORIZING THE PAY-
MENT OF PEES FOR LEGAL AND FINANCIAL CONSULT-
INQ SERVICES AND RATIFYING ALL ACTIONS
HERETOFORE TAKEN
WHEREAS, this Parking Authority has carried out
proceedings for the acquisition of property, the financing
of same, and the leasing of said property to the City of
Carlsbad;
NOW, THEREFORE, the Parking Authority of the City
of Carlsbad does hereby resolve, determine and order as
follows:
1. That the payment of legal fees to the firm of
O'Melveny & Myers in the amount of $7,477.50 be and the same
is hereby approved.
2. That the payment of fees for financial consult-
ing services to Bartle Wells Associates in the amount of
$11,500.00 be and the same is hereby approved.
3. That because of the fact that the transaction
referred to in the recital hereof was carried out through the
office of Title Insurance and Trust Company in San Diego, that
certain Escrow No, 6258857 set up in the Los Angeles office of
Title Insurance and Trust Company is no longer necessary and
may be closed. The Chairman of this Authority is therefore
directed to execute a letter on behalf of the Authority to
Title Insurance and Trust Company in Los Angeles by which said
escrow shall be closed,
4. That all prior actions of this Authority taken
in connection with the transaction referred to in the recital
hereof are hereby ratified and confirmed.
ADOPTED, SIGNED AND APPROVED this 29th day of October,
1969.
Acting Chairman of the Parking Authority of
the City of Carlsbad, California
ATTEST:
STATE OF CALIFORNIA
) ss
COUNTY OF SAN DIEGO
I, Margaret E. Adams, Clerk of the Parking Authority
of the City of Carlsbad, California, DO HEREBY CERTIFY that
the foregoing resolution was duly adopted by the Parking
Authority of said City and was approved by the Chairman
of said Parking Authority at a special meeting of said
Parking Authority held on the 29th day of October, 1969,
and that it was adopted by the following vote, to wit:
AYES: Directors Snedeker, Cannon, Sugg
and Killen
NOES: None
ABSENT: Di rector Daugherty
({./4^\t/?.(^yd^i^/ot
the CO& of Carlsbad, California