HomeMy WebLinkAboutJUNE 6,1978
ROLL CALL
I
MINUTES
APPROVED
ENGINEERING
SC IENCE, INC.
ADJOURNMENT
I
M I NUT E S
,
ARCADIA REDEVELOPMENT AGENCY
REGUlAR MEETING
JUNE 6, 1978
The Arcadia Redevelopment Agency met in regular session on
June 6, 1978 at 9:40 p.m. in the City Hall Council Chamber.
PRESENT:
ABSENT:
Members Gilb, Margett, Pellegrino, Saelid, Parry
None
On MOTION by Member Saelid, seconded by Member Parry and carried
unanimously the minutes of the regular meeting of May 16 were
APPROVED.
The Agency Counsel explained that the Agency granted staff general
authority to complete the sale of the development site to Engineering
Science, Inc. The record should reflect ratification of specific
actions taken by the Executive Director to complete the sale.
The first action was the re-execution of a previously approved
"Hold Harmless Agreement" with technical addition of a few words
requested by the attorney for Engineering Science, Inc. Second-
as a consent to the assignment agreement to sell the site to a
limited partnership instead of Engineering Science, Inc. The
limited partnership is composed of Engineering Science, Inc., as th~
general partner and some of their shareholders as Limited. This was
done for tax purposes and the General Counsel for the Agency has no
objection. Third - the Grant Deed which was given to Engineering
Science, Inc., excluded the proposed right-of-way although the
agreement had included the right-of-way. They had agreed to this
exclusion. All these actions had been checked by the Agency Counsel
and found there would not be any significant change in the intent.
It was MOVED by Member Gilb, seconded by Member Pellegrino and
carried on roll call vote as follows that in order to complete the
sale to Engineering Science, Inc. the above authorized actions be
and they are hereby ratified. This will exclude the right-of-way.
AYES:
NOES:
ABSENT:
Members Gilb, Margett, Pellegrino, Saelid, Parry
None
None
At 9:45 p.m. the meeting adjourned sine die.
C;J,.,dR. OJ
Chairman ARA
~z~
Secretary ARA
ARA
6-6-78