HomeMy WebLinkAbout7588_CCv0001.pdf RESOLUTION NO. 7588
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS AUTHORIZING
A SUBSTITUTION OF TRUSTEE AND FULL RECONVEYANCE TO GHAYS KAWAS
AND TAMARA KAWAS AND CANCELLATION OF THE PROMISSORY NOTE WITH
GENERAL TECHNIQUE ASSOCIATED WITH THE MICROENTERPRISE ASSISTANCE
PROGRAM
WHEREAS, The City entered into an Agreement and executed a Promissory Note with
General Technique to enable expansion of an existing business in the City and to create
employment opportunities for low- and moderate-income persons; and
WHEREAS, the City provided financial assistance in the amount of $25,000 from
Conxununity Development Block Grant (CDBG) funds to General Technique; and
WHEREAS, General Technique has provided satisfactory evidence to the City that one
new full-tune job was created and filled by a low- to moderate-income person for a period of one
(1) year and that by this action has complied with the provisions of the Agreement and the
Promissory Note;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redlands as
follows:
Section 1. The facts set forth above in this Resolution are true and correct.
Section 2. The attached Substitution of Trustee and Full Reenoveyance and
Cancellation of the Promissory Note is approved.
Section 3. The City's City Clerk shall certify to the passage and adoption of this
Resolution and enter it into the book of original resolutions.
Section 4. This Resolution shall take effect upon the date of its adoption.
ADOPTED AND APPROVED this 17th day of November, 2015.
Paul W. Foster, Mayor
ATTEST:
Sam`xi00, City,Clerk
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I, Sam Irwin, City Clerk of the City of Redlands, do hereby certify that the foregoing
Resolution was passed and adopted at a regular meeting of the Redlands City Council held on the
17th day of November, 2015,by the following vote:
AYES: Councilmembers Harrison, Gilbreath, Barich, James;Mayor Foster
NOES: None
ABSENT: None
ABSTAIN: None
Sam Irwin, City Clerk
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