CC Resolution No. 01-215RESOLUTION NO. 01-215
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CUPERTINO APPROVING THE ASSIGNMENT AND
ASSUMPTION AGREEMENT, LOAN AGREEMENT BETWEEN
THE CITY OF CUPERTINO AND CUPERTINO COMMUNITY
SERVICES, REGULATORY AGREEMENT, DEED OF TRUST,
PROMISORY NOTE AND SUBORDINATION AGREEMENT AND
AUTHORIZING THE CITY MANAGER TO EXECUTE THE
AMENDMENT
WHEREAS, the city entered into a ground lease with the County of Santa Clara
Central Fire Protection District in February 1999; and
WHEREAS, there has been presented to the City Council an Assignment and
Assumption Agreement, a Loan Agreement between the City of Cupertino and Cupertino
Community Services, a Regulatory Agreement, a Deed of Trust, a Promissory Note and a
Subordination Agreement; and
WHEREAS, the terms, conditions and provisions of the aforementioned
documents have been reviewed and approved by the City Attorney;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Cupertino hereby approves the aforementioned documents and authorizes the City
Manager to execute the documents on behalf of the City of Cupertino.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 1st day of October, 2001 by the following vote:
Vote
Members of the City Council
AYES: Bumett, Chang, James, Lowenthal
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
City Clerk
.d~VED:
Mayor, City o&f~ertino
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