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MINUTE ORDER <br />JOINT MEETING <br />CITY COUNCIL <br />REDEVELOPMENT AGENCY BOARD <br />October 25, 2010 <br />MO. 10-201 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />DATE: October 26, 2010 <br />Attention: City Manager Department <br />City Attorney <br />**hard copy available upon request** <br />SUBJECT: Ratification of City Council's October 11, 2010 Decision to <br />Purchase Real Property <br />AGENDA ITEM: 6.1G (304) <br />Meeting of the Council of the City of Redwood City on October 25, 2010. <br />Present: Council Members Bain, Foust, Gee, Pierce, Seybert, and Vice Mayor Aguirre <br />Absent: Mayor Ira <br />M/S Bain/Foust to approve by motion: <br />1. Ratify the City Council's October 11, 2010 decision to authorize the City <br />Manager to enter into purchase option agreements for the four properties <br />known as the Chemical Way Site, and which are assignable to the County of <br />San Mateo; <br />2. Ratify the City Council's October 11, 2010 decision to authorize the City <br />Manager to post option payments (non-refundable) totaling $8,000 and <br />deposits (refundable) totaling $192,000, with the understanding that the <br />County of San Mateo will reimburse $200,000 to the City prior to exercise of <br />the option and the closing of the property sales. <br />The motion passed by a unanimous roll call vote by all those present. <br />��?71 Ul';tk,G'4ti�1K1'� <br />Silvia Vonderlinden <br />Municipal City Clerk <br />