HomeMy WebLinkAbout2009-01-27; Housing & Redevelopment Commission; Resolution 4641
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to remain viable; and
10 WHEREAS, in an effort to assist Sowing Sisters Quilt Shop remain a viable
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business in the Carlsbad Village area, their existing Lease Agreement is being amended
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to reduce their square footage of retail space leased to 1500 square feet; and
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WHEREAS, Sowing Sisters became delinquent in paying rent over a seven month14
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RESOLUTION NO. 464
A RESOLUTION OF THE HOUSING AND
REDEVELOPMENT COMMISSION OF THE CITY OF
CARLSBAD, CALIFORNIA APPROVING AMENDMENT NO 1
OF THE LEASE AGREEMENT BETWEEN THE CARLSBAD
REDEVELOPMENT AGENCY AND BECKY BIDDLE DBA
SOWING SISTERS QUILT SHOP FOR 2787 STATE
STREET.
WHEREAS, the economic downturn has caused retail sales to decline causing
many local businesses to cease operations, or implement cost cutting measures in order
period; and
WHEREAS, Sowing Sisters is agreeing to a repayment plan to retire the debt
owed to the Carlsbad Redevelopment Agency, to be paid over an eighteen (18) month
period; and
19 WHEREAS, the Lease term will need to be extended in order to accommodate the
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rent delinquency repayment schedule.
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NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
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Commission of the City of Carlsbad, California, as follows:
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1. That the above recitations are true and correct.
2. That the Chairman of the Housing and Redevelopment Commission is
authorized to execute Lease Amendment No. 1 of the Lease Agreement
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PASSED, APPROVED AND ADOPTED at a Special Meeting of the Housing and
Redevelopment Commission of the City of Carlsbad on the 27tb day ofJanuary
2009, by the following vote to wit:
AYES: Board Members Lewis, Kulcbin, Hall, Packard and Blackburn.
NOES: None.
ABSENT: None.
, Chairman
ATTEST:
LISA HILDABRAND, Secretary
(SEAL)
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