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FXS:df~. ¢ '6/91 (001/30) <br /> <br /> RESOLUTION NO. P-1367 <br /> <br /> RESOLUTION APPROVING STIPULATION AND AUTHORIZING <br /> EXECUTION OF AN AGREEMENT FOR THE TERMINATION OF A <br /> LEASEHOLD INTEREST <br /> <br /> WHEREAS, on or about June 1, 1977, the Port of Redwood City <br />entered into a lease agreement with Pyro Sol, Inc.; and <br /> <br /> WHEREAS, subsequent to June 1, 1977, a dispute arose between <br />the Port of Redwood City, Pyro Sol, Inc., and others; and <br /> <br /> WHEREAS, it is the intention of this Board to approve a <br />judgment on stipulation and authorize execution of the agreement <br />reached between the Port of Redwood City, Pyro Sol, Inc., and <br />others. <br /> <br /> NOW, THEREFORE; <br /> <br /> BE IT RESOLVED BY THE BOARD OF PORT COMMISSIONERS OF THE <br />CITY OF REDWOOD CITY, AS FOLLOWS: <br /> <br /> 1. That certain agreement entitled, "Judgment on <br />Stipulation" dated July 22, 1991, is approved. <br /> <br /> 2. That certain agreement entitled, "Agreement Between the <br />City of Redwood City, a municipal corporation of the State of <br />California, acting by and through its Board of Port <br />Commissioners, and Pyro Sol of Redwood City, a joint venture; <br />Pyro Sol, 'Inc.; Levin Energy Corporation; Levin Metals <br />Corporation; Levin Enterprises, Inc.; Grant Pitcher; James A. <br />Welty; Marion Irene Welty; County of San Mateo in settlement of <br />Dispute", form dated 5/08/91R, by and between the City of Redwood <br />City acting by and through its Board of Port Commissioners, Pyro <br />Sol, Inc., Pyro Sol of Redwood City, a joint venture, Levin <br /> <br /> <br />