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Home My Public Portal About02. Resolution 2009-068INTHECITYCOUNCILOFTHECITYOFLIVERMORESTATEOFCALIFORNIAARESOLUTIONAUTHORIZINGENTERINGINTOACOOPERATIONAGREEMENTWITHTHEREDEVELOPMENTAGENCYOFTHECITYOFLIVERMORETOLOANTHEAGENCYUPTO780000INHOUSINGTRUSTFUNDSFUND611FORTHEPURCHASEOF2121RAILROADAVENUEAPN098028900202ESCROWCOSTSOPERATINGCOSTSANDRELOCATIONCOSTSASSOCIATEDWITHMMCROSSFITTRAININGTheAgencydesirestoborrowupto780000fromtheCityforthepurchaseofthepropertylocatedat2121RailroadAvenueandallclaimsforrelocationbenefitsandservicesassociatedwithMMCrossfitTrainingincludingbutnotlimitedtoactualmovingexpensespotentiallossofgoodwillandcompensationforimmovablefurnishingsfixturesandequipmentandassociatedcostsincurredortobeincurredasaresultthereofBEITRESOLVEDbytheLivermoreCityCouncilthattheCityManagerisauthorizedonbehalfoftheCityofLivermoreto1Appropriate780000inHousingTrustfundsF611totheRedevelopmentAgencyoftheCityofLivermoretocovercostsassociatedwiththeacquisitionofthepropertylocatedat2121RailroadAvenue2EnterintotheCooperationAgreementwiththeRedevelopmentAgencypresentedwiththestaffreporttoloantheAgencyupto780000inHousingTrustfundsforthepurchase2121RailroadAvenueandtheassociatedrelocationbenefitsandservicesforthebusinessMMCrossfitTrainingTheamountsloanedshallaccrueinterestattheLocalAgencyInvestmentFundratefromthedatedispersedandshallberepaidin10annualstatementscommencingFY20132014asstatedintheagreementBEITFURTHERRESOLVEDbytheLivermoreCityCouncilthattheCityManagerisauthorizedtosignalldocumentsasmaybenecessarytoassisttheRedevelopmentAgencyoftheCityofLivermoretopurchasethepropertyat2121RailroadAvenueOnthemotionofViceMayorMarchandsecondedbyCouncilmemberHornertheforegoingresolutionwaspassedandadoptedonthe13thdayofApril2009bythefollowingvoteAYESCouncilmembersHornerLeiderWilliamsViceMayorMarchandMayorKamenaNOESNoneABSENTNoneABSTAINNoneATTESTDATEINTERIMCITYCLERKSUSANGIBBSDATEApril142009APPROVEDASTOFORMLASSISTANTCITYATTORNEYJASONALCALARESOLUTIONNO2009068