Laserfiche WebLink
510 <br /> October 23,1991 <br /> WHEREAS, the City of Everett ("City") has heretofore adopted <br /> Resolution No. 3493 on July 3, 1991, authorizing execution of a <br /> construction contract and lease for the Everett Community <br /> Theater with Colby Square Partners;and <br /> WHEREAS,Colby Square Partners has assigned its interest therein <br /> to Colby Square Partners, Ltd., a limited partnership, and has <br /> requested the City to approve said assignment;and <br /> WHEREAS, in order to obtain financing for the project, certain 0 <br /> revisions of the lease form included in the RFP have been <br /> negotiated, together with certain understandings and <br /> clarifications of the project terms and conditions have been <br /> negotiated, as outlined in Colby Square Partners,L.P.'s October <br /> 22,1991,letter; <br /> 509i,affFO9E,„.11.E.IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> Section 1. Execution of Construction Contract and Lease. The <br /> City Council authorizeS the Mayor and City Clerk to execute a <br /> Construction Contract, Trust Agreement, October 22, 1991,Letter <br /> of Clarification,rutyndicaWn t,.,i:reemen:, and Lease for the <br /> design and const tion Ever tt Community Theater, f <br /> substantially in the form presented to City Council and <br /> discussed at City Council's October 23, 1991,meeting,with some <br /> changes as may be approved by the City Attorney or Preston <br /> Thorgrimson Shidler aetesa Ellis,counsel to the City. <br /> The City Council further authorizes and directs that City <br /> officers, employees and agents, take all action necessary or <br /> advisable to accomplish such execution and carry out the terms <br /> and conditions of such agreements as so executed. <br /> Section 2. The Mayor is authorized to execute said documents <br /> with Colby Square Partners, L.P., and the assignment thereto by <br /> Colby Square Partners is hereby approved by the City of Everett. <br /> ne2rcic:hrEnhi't TaPtqnalnhtedorle:Zge.Payments <br /> ""Vi"d 0 <br /> Section 4: The City hereby directs that this resolution be <br /> continuously available for inspection by.the general public at <br /> the City Clerk's Office in City Hall,.3002 Wetmore Avenue, <br /> Everett, Washington, during, normal butlness hours on every <br /> business day beginning 10 day, after the date of adoPticn cf <br /> this resolution and ending on the date of commencement of the <br /> rental payment obligation under the Lease. <br /> (—) <br />