HomeMy WebLinkAbout043-2011RESOLUTION NO. 43-2011
APPROVING EXECUTION OF THE FOURTH 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, June 2005 and
February 2011; 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;
and
WHEREAS, the Town and the Agency have determined that it is appropriate to
amend and restate the Cooperation Agreement to revise the 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 Fourth
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 May 3, 2011, by
the following vote:
AYES: Stepper, Andersen, Arnerich, Doyle, Storer
NOES: None
ABSTAINED: None
ABSENT: None
MAYO
APPROVED AS TO FORM: ATTEST:
a
CITY ATTORNEY CITY CLERK