HomeMy WebLinkAbout2009-06-02; Housing & Redevelopment Commission; Resolution 4671 RESOLUTION NO. 467
2 A RESOLUTION OF THE HOUSING AND
REDEVELOPMENT COMMISSION OF THE CITY OF
3 CARLSBAD, CALIFORNIA, APRROVING THE RELEASE
, AND SATISFACTION AGREEMENT BETWEEN THE
CARLSBAD REDEVELOPMENT AGENCY AND REBECCA
5 BIDDLE dba SOWING SISTERS QUILT SHOP AND
AUTHORIZING THE CITY CLERK TO ACCEPT THE
6 QUITCLAIM DEED.
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WHEREAS, the current recession and its disastrous impact on the local business8
9 community has made it impossible for Sowing Sister's Quilt Shop to pay delinquent
10 rents in the amount of $32,601 or future rents to be come due under the Lease
11 Agreement, or to continue on in business; and
12 WHEREAS, Sowing Sisters has provided documentation of its financial condition
13 and inability to pay the Agency; and
14 WHEREAS, review of financial documents make it apparent that Sowing Sisters
will be unable to pay arrearages in rent both now and in the foreseeable future; and
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WHEREAS, Sowing Sisters has vacated the premises as of March 18, 2009,
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returned all keys to the premises and left it in good condition; and
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WHEREAS, Sowing Sisters has fully cooperated with the Carlsbad
2Q Redevelopment Agency in terminating the Lease Agreement by executing a quitclaim
21 deed in favor of the Carlsbad Redevelopment Agency and executing an
22 acknowledgement that Sowing Sisters Quilt Shop security deposit in the amount of
23 $6,014 is being forfeited and applied toward arrearages in rent:
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25 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.
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2. The Chairman of the Carlsbad Redevelopment Agency is hereby
authorized to execute the Release and Satisfaction Agreement between the
Agency and Rebecca Biddle dba Sowing Sisters Quilt Shop.
3. The City Clerk is authorized to accept the Quit Claim Deed executed in
favor of the Agency by Rebecca Biddle dba Sowing Sisters Quilt Shop.
4. That a total of $26,587 will be written off as a bad debt expense from the
Redevelopment Fund.
PASSED, APPROVED AND ADOPTED at a Special Meeting of the Housing and
Redevelopment Commission of the City of Carlsbad on the 9^ day of jimp ,
2009, by the following vote, to wit:
AYES: Commission Members Lewis, Kulcbin, Hall, Packard & Blackburn.
NOES: None.
ABSENT: None.
ESTABLISHED \;A. LEWISTCHAfRMAN
ATTEST:
LFS'A'HILDABRAND, SECRETARY
(SEAL)