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 (RUMRILL SPORTS PARK) AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE OMNIBUS ASSIGNMENT AND ASSUMPTION OF QLICI LOAN DOCUMENTS AGREEMENT, the ASSIGNMENT OF LOAN AND LOAN DOCUMENTS (FUND TO LEVERAGE LENDER) AND TO MAKE ANY PAYMENTS AND EXECUTE ANY ADDITIONAL DOCUMENTS REQUIRED TO TRANSFER THE PROPERTY INTEREST FROM THE SAN PABLO ECONOMIC DEVELOPMENT CORPORATION TO THE CITY TO UNWIND THE NEW MARKETS TAX CREDIT PROGRAM RELATED TO THE CONSTRUCTION OF THE RUMRILL SPORTS PARK

Committee

City Council

Introduced

February 1, 2022

On agenda

February 22, 2022

Passed

February 22, 2022

Enactment no.

RES 2022-025