HomeMy WebLinkAboutReso 1997-18623 RESOLUTION NO. 18623
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING EXTENSION OF ESCROW ON MCA
AMPHITHEATER LEASE UNTIL AUGUST 31, 1997
WHEREAS, in light of litigation filed against the Amphitheater Project, which has since
been resolved, and other delays, Universal Concerts has been unable to close escrow on the
leases for the Project and requests the City approve an extension of same; and
WHEREAS, Universal Concerts and Los Allsos have agreed to amend the Agreement
and Escrow Instructions dated November 21, 1995, as initially amended on December 11,
1995, and as subsequently amended on February 26, 1996 and August 30, 1996, to extend
the Escrow Instructions to and until August 31, 1997.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby approve the extension of Escrow on the MCA Amphitheater Lease until August 31,
1997 in accordance with the form presented and authorizes and directs the Mayor, or her
designee, to execute same. A copy of the Amendment is on file in the Office of the City Clerk
known as Document No. C097-030.
Presented by Approved as to form by
Chris Salomone K h
Director of Community Development ttor;~7ny
/
Resolution 18623
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 8th day of April, 1997, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, Salas, and Hotton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
~on, Mayor
ATTEST:
~Au:~helet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18623 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 8th day of April,
1997.
Executed this 8th day of April, 1997.
Beverly A/Authelet, City Clerk