HomeMy WebLinkAbout1988-08-09; City Council; Resolution 88-292B I/ e (I)
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RESOLUTION NO. 88-292
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA AUTHORIZING THE MAYOR
TO EXECUTE A REVISED PARKS AGREEMENT WITH
SAMMIS PROPERTIES, INC.
WHEREAS, SAMMIS Property, Inc. has been require(
of the Batiquitos Lagoon Educational Park Master Plan tc
park facilities to the City of Carlsbad; and
WHEREAS, the City Council of the City of
executed a Parks Agreement with SAMMIS Property, Inc. in 1
1986 whereby establishing the procedures to be followed
for SAMMIS to provide park land acceptable to the City; E
WHEREAS, SAMMIS Property, Inc. along with the (
worked to locate a suitable park site in the Southwest Quat
have been unable to obtain this land; and
WHEREAS, SAMMIS Property, Inc. has met il
obligation by providing the City a Letter of Credit in tl:
of $975,000 and a Cashier's Check in the amount of $25,(
is necessary to purchase 10 acres of park land: and
WHEREAS, a new Parks Agreement is necessary at 1
in order to accurately reflect the acquisition requiren
associated prorata share of all costs associated with ti
actions to obtain this park land.
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e @
NOW, THEREFORE, BE IT RESOLVED by the City Counc
City of Carlsbad, California as follows:
1) That the above citations are true and corrc
2) That the Mayor is authorized to execute on 1
the City Council the revised Park Agreement.
PASSED, APPROVED, AND ADOPTED at a regular meeti
Carlsbad City Council held on the 9th day of August , 19l
following vote, to wit:
AYES: Council Members Lewis, Kulchin, Pettine and Mama
NOES: None
ABSENT: Council Member Larson
-
ATTEST:
- /A ARI ALETHA L. RAUTENKRANZ, City/ Clerk
CC RES0 NO. 88-292 -2-