1976-159RESOLU`T'ION NO. 76R-159
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM APPROVING THE TERMS AND CONDITIONS
OF A TRANSPORTATION CENTER DEVELOPMENT LEASE
AGREEMENT BETWEEN= THE CITY OF ANAHEIM AND
MULTIMODAL GROUP, INC., AND AUTHORIZING THE
MAYOR AND THE CITY CLERK TO EXECUTE SAID
AGREEMENT ON BEHALF OF THE CITY OF ANAHEIM.
WHEREAS, the City of Anaheim owns and operates
Anaheim Stadium and parking areas adjacent to said Stadium;
and
WHEREAS, -the Santa Fe Railroad owns a railway
line adjacent to said parking areas at Anaheim Stadium; and
WHEREAS, the City of Anaheim desires to have
developed a multimodal transportation center adjacent to
said railway line; and
WHEREAS, Multimodal Group, Inc., has submitted a
proposal and agreement which provides for the construction
of a transportation center and other developments adjacent
to such transportation center; and
WHEREAS, ,the property identified in said agreement
as Exhibit "B" is not required for City purposes at all
times.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that the terms and conditions of the
Transportation Center Development Lease Agreement, dated
March 30, 1976, between the City of Anaheim and Multimodal
Group, Inc., be, and the same are hereby, approved.
BE IT FURTHER RESOLVED that as a condition
precedent to the approval of the execution of this agreement,
there shall be presented to the City Manager of Anaheim
acceptable plans for the platform complex provided for in
Sections 2.5 and 2.6 of the agreement, excluding all
commercial development, and deposit of Three Hundred Thousand
Dollars ($300,000.00)in an escrow at an independent
depository to assure completion of said platform complex. In
lieu of this deposit, an irrevocable financial commitment
in the same amount issued by a lender acceptable to the City
shall be considered sufficient to meet and satisfy this
requirement. The terms of the escrow, or irrevocable finan-
cial commitment, shall provide that, in the event the platform
complex is not completed pursuant to the terms of the
agreement, any monies remaining in said escrow, or irrevo-
cable financial commitment, shall be paid to City.
BE IT FURTHER RESOLVED that all of the terms of the
condition precedent must be. complied: with on or before May 15,
1976. In the event the condition precedent has not been
complied with, the approval granted by the terms of this
resolution is revoked and the proposed agreement shall be
returned to the City Council for further action.
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BE IT FURTHER RESOLVED that when the condition
precedent described in this resolutionhasbeen complied.
with, the Mayor and City Clerk are hereby authorized to
execute said agreement on behalf of the City of Anaheim.
THE FOREGOING RESOLUTION is approved and signed.
by me this 30th day of March, 1976.
DLTYOE,-C-rTTOf ANAHEI:
ATTEST:
CITY
CLERK OF -THE TY OF ANAHEIM
ARW : j h
2-
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, ALONA M. HOUGARD, City Clerk of the City of Anaheim, do
hereby certify that the foregoing Resolution No. 76R-159 was intro-
duced and adopted at a regular meeting provided by law, of the City
Council of the City of Anaheim held on the -30th day of March, 1976,
by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Seymour, Pebley, Sneegas
and Thom
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim
approved and signed said Resolution No. 76R-169 on. the 30th day of
March, 1976.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the seal of the City of Anaheim this 30th day of March, 1976.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, ALONA M. HOUGARD, City Clerk of the City of Anaheim, do
herby certify that the foregoing is the original of Resolution No.
76R-159 duly passed and adopted by the Anaheim City Council on
March 30, 1976.
City Clerk'