HomeMy WebLinkAbout089-04RESOLUTION NO. 89-2004
APPROPRIATING FUNDS FOR THE PURCHASE OF PROPERTY AT 177
FRONT STREET
WHEREAS, the Town of Danville, consistent with the 2010 General Plan and the
recommendations' of the Downtown Parking Task Force, has determined that it is
necessary to provide additional public parking in Downtown Danville; and
WHEREAS, the Town maintains a Commercial Transportation Improvement Fund
which may be used, for among other purposes, the provision of public parking serving the
commercial Downtown Danville area; and
WHEREAS, the Town has entered into an agreement to purchase real property, located
at 177 Front Street, for the purpose of constructing a public parking lot; and
WHEREAS, under the terms of the purchase agreement, the Town is required to deposit
into escrow $200,000 upon completion the Town's due diligence and removal of
contingencies; now, therefore, be it
RESOLVED, that the Danville Town Council hereby appropriates $250,000 from the
Commercial Transportation Improvement Fund to be used for a deposit towards the
purchase of real property located at 177 Front Street; and, be it further
RESOLVED, that the Town Manager is hereby authorized to make this deposit upon
removal of all contingencies in the purchase agreement and to take all necessary and
appropriate steps to establish the escrow account for the purchase.
APPROVED by the Danville Town Council at a regular meeting on July 20, 2004, by
the following vote:
AYES: Arner±ch, Doyle,
NOES: None
ABSTAINED: None
ABSENT: None
Andersen, Shimansky, Stepper
APPROVED AS TO FORM:
CITY ATTORNEY ~z
CITY CLERK