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Home My Public Portal About02. Resolution 2009-086INTHECITYCOUNCILOFTHECITYOFLIVERMORESTATEOFCALIFORNIAARESOLUTIONAUTHORIZINGENTERINGINTOACOOPERATIONAGREEMENTWITHTHEREDEVELOPMENTAGENCYOFTHECITYOFLIVERMORETOLOANTHEAGENCYANAMOUNTNOTTOEXCEED1370000INHOUSINGTRUSTFUNDSFUND611FORTHEPURCHASEOF2139RAILROADAVENUEAPN098028900201ESCROWCOSTSOPERATINGCOSTSANDRELOCATIONCOSTSASSOCIATEDWITHCIRCUITTESTTheRedevelopmentAgencydesirestoborrowanamountnottoexceed1350000fromtheCityforthepurchaseofthepropertylocatedat2139RailroadAvenueandallclaimsforrelocationbenefitsandservicesassociatedwithCircuitTestincludingbutnotlimitedtoactualmovingexpensespotentiallossofgoodwillandcompensationforimmovablefurnishingsfixturesandequipmentandassociatedcostsincurredortobeincurredasaresultthereofBEITRESOLVEDbytheCityCounciloftheCityofLivermorethattheCityManagerisauthorizedonbehalfoftheCityofLivermoreto1Appropriate1370000inHousingTrustfundsF611toloantheRedevelopmentAgencyoftheCityofLivermoretocovercostsassociatedwiththeacquisitionofthepropertylocatedat2139RailroadAvenue2EnterintoaCooperationandRepaymentAgreementwiththeRedevelopmentAgencytoloantheAgencyupto1370000forthepurchaseof2139RailroadAvenueandtheassociatedrelocationbenefitsandservicesofthebusinessCircuitTestBEITFURTHERRESOLVEDbytheCityCounciloftheCityofLivermorethattheCityManagerisauthorizedtosignalldocumentsasmaybenecessarytoassisttheRedevelopmentAgencyoftheCityofLivermorewiththepurchaseofthepropertylocatedat2139RailroadAvenueOnthemotionofCouncilmemberHornersecondedbyCouncilmemberLeidertheforegoingresolutionwaspassedandadoptedonthe11thdayofMay2009bythefollowingvoteAYESCouncilmembersHornerLeiderViceMayorMarchandMayorKamenaNOESNoneABSENTCouncilmemberWilliamsABSTAINNoneATTESTDATEVINTERIMCITYCLERKSUSANGIBBSDATEMay122009APPROVEDASTOFORMCITYATTORNEYJOHNJPOMIDORRESOLUTIONNO2009086