HomeMy WebLinkAbout77-04RESOLUTION NO. 77-4
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF UKIAH APPROVING REVISIONS TO
THE NCPA DEVELOPMENT FUND AGREEMENT
WHEREAS, the City Council of the City of Ukiah has previous-
6 ly authorized participation in the NCPA Development Fund, execut-
6 ing the agreement on August 13, 1975, and
7 WHEREAS, non-substantive changes have been proposed to said
8 agreement by the City of Santa Clara, and
9 WHEREAS, said non-substantive changes are attached hereto
10 and made a part hereof,
11 NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Council
19 of the City of Ukiah adopts the non-substantive changes attached
18 hereto and said changes are directed filed with the Development
14 Fund Agreement.
16 PASSED AND ADOPTED this 7th day of July , 1976
16 by the following roll call vote:
17 AYES: Councilmen Feibsuch, Simpson, Brannon, Councilwoman Pearson
18 NOES: None
19 ABSENT: Mayor Wood
ATTEST:
26 ~;~TY CLER~K- ~- De~-[~y
MAYOR
it
NCPA
June 1, 1976
Proposed Revisions to Development Fund Aqreement
The specific amendments are as follows:
Page 2, paragraph 2(g)(l), line 17: delete the word '~vho" and substitute
i Ia
the phrase, t the time it executes this Agreement, which".
Page 2, paragraph 2(g)(2), line 19: delete the work 'Who" and substitute
the phrase, "at the time it executes this Agreement, which".
Page 8, paragraph 8(a), line 7' delete the word "advances" and substitute
the phrase, "payments into the Development Fund".
Page 8, paragraph 8(a), line 7: after the phrase "made by it" add the
following phrase' "and any payments to be made by it which have
been assigned under Section 13".
Page 8, paragraph 8(a), line 13: after the words "Revenue Bonds" a~'~ the
phrase "; and (iii) any moneys, including any interest on payments
in the Development Fund, remaining in the Development Fund and dis-
tributed pursuant to paragraph (c)".
Page 8, paragraph 8(b), line 14' delete the phrase "any unpaid advances"
and substitute the phrase' "payments into. the Development Fund and
payments made to an assignee under Section 13".
Page 8, paragraph 8(b), line 16: delete the word "advance" and substitute
the word "payment".
Page 8, paragraph 8(c), line 24' after the word "repay" add the following
phrase: "
..... ,.and shall be 'paid to'Parti.cipating Members".
Page 10, paragraph lO(b), line 4: after the word "Member" add the phrase:
"or Members".
Page 10, paragraph 10(b), line 7' after the word "Members" add the phrase:
,, -.
"in the Project, if any, .
Page 12, paragraph ll(c), line 8' after tee phrase "Development Fund
Committee" add the phrase: " ' and NCPA shall comply with
· · · ,
such direction".
Page 13; paragraph 12, lines 13 and 14: delete the phrase "unless sooner
,,
terminated pursuant to Section 8, .
Page 13, paragraph 13, line 18' after the phrase "development funds~.' add
the phrase' "to carry out the terms of this Agreement".