HomeMy WebLinkAbout012-2011RESOLUTION NO. 12-2011
APPROVING EXECUTION OF THE THIRD AMENDMENT AND
RESTATEMENT OF THE COOPERATION AGREEMENT BETWEEN THE
TOWN OF DANVILLE AND THE COMMUNITY DEVELOPMENT AGENCY
OF THE TOWN OF DANVILLE
WHEREAS, the Community Development Agency of the Town of Danville (the
"Agency") and the Town of Danville entered into a Cooperation Agreement in 1987,
which Agreement was amended and restated in November 1997 and June 2005; and
WHEREAS, the Cooperation Agreement provides, in part, that the Town may
advance funds on behalf of the Agency subject to reimbursement by the Agency as
funds are available; and
WHEREAS, the Town and the Agency have determined that it is appropriate to
amend and restate the Cooperation Agreement for a third time to accurately reflect
the existing obligations of the Agency to the Town and to provide a payment
schedule for amounts owed to the Town by the Agency; now, therefore, be it
RESOLVED, that the Danville Town Council approves execution of the Third
Amendment and Restatement of the Cooperation Agreement between the Town of
Danville and the Community Development Agency of the Town of Danville.
APPROVED by the Danville Town Council at a regular meeting on February 15,
2011, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
Stepper, Andersen, Arnerich, Doyle, Storer
None
None
None
APPROVED AS TO FORM:
CITY ATTORNEY
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