HomeMy WebLinkAbout161-89RESOLUTION NO. 161-89
APPROVING FINANCIAL ASSISTANCE AGREEMENT
WITH THE SAN RAMON VALLEY CHILD CARE ALLIANCE
REGARDING CHILD CARE FACILITIES AT MONTAIR
AND GREEN VALLEY SCHOOLS
WHEREAS, Ordinance No. 89-2 establishes a mechanism whereby the
Town of Danville can encourage and support the establishment and
maintenance of high quality child care services in Danville; and
WHEREAS, the San Ramon Valley Child Care Alliance is a not for
profit California Corporation that has successfully developed and
operated seven child care centers in Danville and San Ramon; and
WHEREAS, the Child Care Alliance has a deserved reputation for
providing high quality child care at such locations; and
WHEREAS, the Child Care Alliance has sought and obtained all
necessary land use approvals for two new child care centers located
on the campuses of Montair and Green Valley Schools; and
WHEREAS, the Child Care Alliance has applied to the Town Council
for financial assistance in connection with such two new centers,
pursuant to Ordinance No. 89-2; and
WHEREAS, the Town and the Child Care Alliance have agreed upon the
terms of such financial assistance, which terms include, without
limitation the provision by the Town of loan guarantees, no-
obligation interest payments by the Town of up to Fifty Thousand
Dollars and, if necessary, interest payments by the Town in
addition to such Fifty Thousand Dollars on no-interest, deferred
payback basis; and
WHEREAS, the provision of such financial assistance
public interest and complies with the policies and
Ordinance 89-2; now, therefore
is in the
goals of
BE IT RESOLVED, by the Town Council of the Town of Danville that
the Mayor is hereby authorized to execute, on behalf of the Town,
a Financial Assistance Agreement with the San Ramon Valley Child
Care Alliance, in the form as lodged with the City Clerk, together
with such changes as may hereafter become necessary, provided such
changes do not materially increase the obligations of the Town
thereunder.
APPROVED by the Danville Town Council at a Regular Meeting held on
Monday, October 2, 1989, by the following vote:
AYES: GREENBERG, JAGGER, LANE, RITCHEY, SCHLENDORF
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
MAYOR
ATTEST:
APPROVED AS TO FORM:
CITY
2