HomeMy WebLinkAbout1969-04-29; Parking Authority; Resolution 3RESOLUTION NO.
RESOLUTION OP THE PARKING AUTHORITY OF THE CITY
OF CARLSBAD, CALIFORNIA, APPROVING THE TERMS OP THAT
CERTAIN DOCUMENT ENTITLED "RECIPROCAL EASEMENTS
AGREEMENT (Plaza Camino Real Center)" AND AGREEING
TO THE SUBORDINATION OF THE INTERESTS OP THE
AUTHORITY TO SAME.
WHEREAS, this Parking Authority is participating in
the acquisition and financing of certain municipal parking
facilities for and on behalf of the City of Carlsbad, said
property and facilities adjacent to that certain shopping
center known as the "Plaza Camino Real Center;" and
WHEREAS, there has been presented to the Parking
Authority a document entitled "Reciprocal Easements Agreement
(Plaza Camino Real Center)" which relates to certain agreements
by and between the developer of said shopping center. Plaza
Camino Real Center, a partnership; the May Department Store
Company, a corporation; and J. C. Penney Company, Inc., a
corporation, by which said parties entered into certain agreements
among themselves relating to the development, operation and
maintenance of said shopping center; and
WHEREAS, it is necessary and in the public interest
that the interests of the Authority be subordinated to those of
the parties to said Reciprocal Easements Agreement as established
therein;
NOW, THEREFORE, the Parking Authority of the City of
Carlsbad, California, does hereby FIND, RESOLVE, DETERMINE and
ORDER as follows:
Section 1. That the terms of said Reciprocal Easements
Agreement be and the same hereby are approved.
Section 2. That the Interest of this Parking
Authority shall be subordinated to those of the parties to said
Reciprocal Easements Agreement as necessary in order to carry
out the obligations of the parties thereto.
ADOPTED, SIGNED AND APPROVED this 29th day of April,
1969.
Chairman/of the/marking Atithorlty
of the City of Carlsbad./California
ATTEST:
Cl^k,
2.
STATE OP 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 Apri 1 , 19^9, and that it was
adopted by the following vote, to wit:
AYES: Directors Cannon. Snedeker. Baldwin.
Killen and Daughertv
NOES: None
ABSENT: None
Clei?k/^f the Parkiiig Authority of
the mX^ of Carlsbad, California