HomeMy Public PortalAboutResolution - 79-03- 19790124 - Investment Corporation oRESOLUTION NO, 9-3
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
AUTHORIZING EXERCISE OF OPTION TO PURCHASE
REAL. PROPERTY, AUTHORIZING OFFICER TO EXECUTE
CERTIFICATE OF ACCEPTANCE OF GRANT. TO DISTRICT,
AND AUTHORIZING GENERAL MANAGER TO EXECUTE ANY
AND ALL OTHER DOCUMENTS NECESSARY OR APPROPRIATE
TO CLOSING OF THE TRANSACTION (MONTE BELLO OPEN
SPACE PRESERVE -- INVESTMENT CORPORATION OF PHILADELPHIA)
The Board of Directors of the Midpeninsula Regional Open
Space District does resolve as follows: ,
Section One. The Board of Directors of the Midpeninsula
Regional Open Space District does hereby accept the offer contained
in that certain option agreement between The Investment Corporation
of Philadelphia, et al, and the Midpeninsula Regional Open Space
District dated November 3, 1978, a copy of which is attached
hereto and by reference made a part hereof, and authorizes the
President and appropriate officers to execute the Agreement on
behalf of the District.
Section Two. The President of the Board or other appropriate
officer is authorized to execute a certificate of acceptance to
any deed(s) granting title to said property.
Section Three. The General Manager of the District shall
cause to be given appropriate notice of acceptance of option to
seller. The General Manager further is authorized to execute
any and all other documents in escrow necessary or appropriate
to the closing of the transaction.
Section Four. The General Manager of the District is au=chorized
to expend up to $5,000 to cover the cost of title insurance, escrow
fees, and other miscellaneous costs related to this transaction.
* * * * * * * * * * * * * * * * * * * * * k * * * * * * * * * * * * *
RESOLUTION NO. 79-3
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula
Regional Open Space District on
January 24
regular meeting thereof, by the following vote:
, 19 79 at a
AYES: Richard Bishop, Katherine Duffy, Nonette Hanko, Barbara
Green, Edward Shelley, Harry Turner and Daniel Wendin
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: APPROVED:
Secretary, Board of D1retors
President, Board of Directors
I, the District Clerk of the Midpeninsula Regional Open Space
District, hereby certify that the above is a true and correct copy
of a resolution duly adopted by the Board of Directors of the
Midpeninsula Regional Open Space District by the above vote at a
meeting thereof duly held and called on the above date.
District Clerk