RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN PABLO AUTHORIZING THE CITY MANAGER TO EXECUTE AN ASSIGNMENT AND ASSUMPTION AGREEMENT REGARDING GROUND LEASE (FOR THE SAN PABLO COMMUNITY CENTER) AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE NMTC EXIT AGREEMENT AND FUND INTEREST PURCHASE AGREEMENT, AND TO MAKE ANY REQUIRED PAYMENTS AND EXECUTE ANY ADDITIONAL DOCUMENTS NECESSARY TO TRANSFER THE TENANT INTEREST OF THE SAN PABLO COMMUNITY CENTER FROM THE EDC BACK TO THE CITY AND UNWIND THE NEW MARKETS TAX CREDIT FINANCING TRANSACTION RELATED TO THE CONSTRUCTION OF THE SAN PABLO COMMUNITY CENTER

Committee

City Council

Introduced

October 28, 2019

On agenda

November 18, 2019

Passed

November 20, 2019

Enactment no.

Resolution 2019-161