HomeMy Public PortalAbout04. Resolution 2008-106IN THE CITY COUNCIL OF THE CITY OF LIVERMORE
STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING THE EXECUTION OF A PURCHASE AND
SALE AGREEMENT BETWEEN LIVERMORE VILLAGE I LLC AND THE
CITY OF LIVERMORE FOR THE PURCHASE OF LIVERMORE VILLAGE
AND THE APPROPRIATION OF 2200000 IN HOUSING INLIEU FUNDS
F611 FOR ALL COSTS ASSOCIATED WITH THE PURCHASE AND
MAINTENANCE OF THE LIVERMORE VILLAGE PROJECT AT 20092111
RAILROAD AVENUE LIVERMORE CA
BE IT RESOLVED by the Livermore City Council that the City Manager is authorized
to execute on behalf of the City of Livermore a Purchase and Sale Agreement between
the City of Livermore and Livermore Village I LLC in substantially the form on file with the
City Clerk and attached to the staff report on this matter together with such additions or
changes as are approved by the City Manager upon consultation with the City Attorney
Those additions or changes may include provisions necessary or advisable to permit the
payment of property taxes escrow fees and other transaction costs associated with the
purchase of the property
The amount of the Purchase and Sale Agreement exclusive of the above additions
or changes shall be 2100000 and the Council authorizes the appropriation of
2200000 in Housing InLieu Funds F611 in Fiscal Year 20072008 for all costs
associated with acquiring transferring and maintaining the Livermore Village property and
project
A copy of the Agreement is on file in the office of the City Clerk
On the motion of Councilmember Leider seconded br Councilmember Horner the
foregoing resolution was passed and adopted on the 12 h day of May 2008 by the
following vote
AYES Councilmembers Horner Leider Vice Mayor Marchand
NOES None
ABSENT Councilmember Williams Mayor Kamena
ABSTAIN None
ATTEST DATE
mil
CITY CLERK
ALICE CALVERT
APPROVED AS TO FORM
CITY ATTORNEY
JOHN J POMIDOR
DATE May 13 2008
RESOLUTION NO 2008106