HomeMy WebLinkAbout1978-11-22; Parking Authority; Resolution 19< CQ Vl _I • D: cc < ^ o d u.
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RESOLUTION NO. 19
A RESOLUTION OF THE PARKING AUTHORITY OF
THE CITY OF CARLSBAD, CALIFORNIA, APPROV-
ING AND AUTHORIZING THE EXECUTION OF A
SECOND EXCHANGE AGREEMENT AND ESCROW
INSTRUCTIONS AND ALL RELATED DOCUMENTS
MADE EXHIBITS THERETO WITH THE CITY OF
CARLSBAD AND PLAZA CAMINO REAL TO EFFECT
THE BROADWAY LAND EXCHANGE.
WHEREAS, the Agreement dated 5 November 1975, as amended,
by and between the City of Carlsbad, Parking Authority and Plaza
Camino Real provides for the expansion of the Plaza Camino Real
Regional Shopping Center; and
WHEREAS, the Fifth Supplement to said Agreement provides for
an exchange of land between the parties to create a site which
will accommodate a Broadway Department Store; and
WHEREAS, a Second Exchange Agreement and Escrow Instructions
has been prepared which is acceptable to all parties and which will
carry out the contemplated land exchange; and
WHEREAS, the City Council of the City of Carlsbad, California,
by the adoption of Resolution No. 5625 / has approved said
Agreement.
NOW, THEREFORE, the Parking Authority of the City of Carlsbad,
California does hereby FIND, RESOLVE, DETERMINE AND ORDER as
follows:
SECTION 1: That the above recitations are true and correct.
SECTION 2: That the Second Exchange Agreement and Escrow
Instructions between the City of Carlsbad, Parking Authority and
Plaza Camino Real, which is on file with the City Clerk and
incorporated by reference herein, is hereby approved.
SECTION 3: That the Chairman and Clerk of the Authority
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are hereby authorized and directed to execute said Agreement for
2 and on behalf of the Authority.
3 SECTION 4: That the Chairman and Clerk of the Authority
4 are hereby authorized and directed to execute the Grant Deed
(Exchange Parcel X), the Second Amendment to Lease Agreement and
6 the Second Amendment to the Plaza Camino Real Public Parking Lot
7 Operating Agreement, Exhibits C, D and F respectively to said
8 Second Exchange Agreement and Escrow Instructions for and on
behalf of the Authority.
10 SECTION 5: That the Parking Authority hereby accepts the
11 Grant Deed to Exchange Parcel Y, to be effective upon delivery
12 of said Deed, properly executed in a form shown as Exhibit E to
13 said Second Exchange Agreement and Escrow Instructions and the
14 Chainnan and Clerk of the Authority are hereby authorized and
15 directed to execute said acceptance for and on behalf of the
16 Authority.
17 ADOPTED, SIGNED AND APPROVED this 22nd day of
18 November , 1978,
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Vice-Chairman of the Parking Authority
of the City of Carlsbad, California
ATTEST:
Clerk of the Parking Authoril
of the City of Carlsbad, California
(SEAL)
2.