Resolution 09857ORIGINAL
CITY OF ALAMEDA RESOLUTION NO. 9857
AMENDING RESOLUTION NO. 9633 AUTHORIZING THE ISSUANCE
OF BONDS FOR THE PURPOSE OF FINANCING CONSTRUCTION OF
FACILITIES BY ENCINAL INDUSTRIES, INC.
WHEREAS, the City Council of the City of Alameda
October 27
on , 198; adopted its Resolution No. 9633
(the "Resolution") authorizing the issuance of up to
$25,000,000 of Industrial Revenue Bonds pursuant to its
Ordinance No 2057 to assist the financing of certain dock
and wharf and related facilities (the "Projects") for
Encinal Industries, Inc. ("Encinal"); and
WHEREAS, Encinal has increased its estimate of
the cost of the Projects approved by the Resolution and
has requested this Council to amend the Resolution to take
account of such increased cost:
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Alameda, as follows:
Section 1. The Resolution is hereby amended by
striking out all references to the maximum sum of "Twenty-
five Million Dollars ($25,000,000)" and substituting in place
thereof the sum of "Seventy-seven Million Dollars ($77,000,000)."
Section 2 The Mayor is hereby authorized to ex-
ecute an amendment to the Preliminary Agreement authorized
by the Resolution and subsequently executed by the City and
Encinal, to reflect the changes in the Resolution made in
Section 1 hereof. The Preliminary Agreement may also be
amended to extend the effectiveness of said Agreement and
of this Resolution to a period of four (4) years from the
initial date of adoption of the Resolution.
Section 3. Except as specifically provided herein,
the provisions of the Resolution shall remain in full force
and effect without any amendment.
Section 4. This Resolution shall take effect
immediately upon its adoption.
I, the undersigned, hereby certify that the foregoing Resolution
was duly and regularly adopted and passed by the Council of the
City of Alameda in regular meeting assembled on the 3rd of August, 1982,
by the following vote to wit:
AYES: Councilmen Diament, Gorman, Stone and President Corica - 4.
NOES: None.
ABSENT: Councilman Sherratt - l
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
official seal of said City this 4th day of August, 1982.